Malaysia Personal Income Tax Rate 2019 Calculator

The system is thus based on the taxpayer s ability to pay.

Malaysia personal income tax rate 2019 calculator. This means that low income earners are imposed with a lower tax rate compared to those with a higher income. The income tax rates and personal allowances in malaysia are updated annually with new tax tables published for resident and non resident taxpayers. Epf rate variation introduced. There are also differences between tax exemptions tax reliefs tax rebates and tax deductibles so make sure you.

If you make rm 70 000 a year living in malaysia you will be taxed rm 10 582 that means that your net pay will be rm 59 418 per year or rm 4 952 per month. The simple pcb calculator takes into account of rm2000 special tax relief limit that capped at income rm8000 mth. Resetting number of children to 0 upon changing from married to single status. Your average tax rate is 15 12 and your marginal tax rate is 22 50 this marginal tax rate means that your immediate additional income will be taxed at this rate.

The annual wage calculator is updated with the latest income tax rates in malaysia for 2019 and is a great calculator for working out your income tax and salary after tax based on a annual income. Malaysia personal income tax calculator for ya 2020 malaysia adopts a progressive income tax rate system. The tax tables below include the tax rates thresholds and allowances included in the malaysia tax calculator 2019.