Personal tax rates – Y/A 2013
Personal Income Tax Rates
Year of assessment 2013
| Chargeable Income | Rate | Tax payable | |
| On the first | 5,000 | – | 0 |
| On the next | 15,000 | 2% | 300 |
| On the first | 20,000 | – | 300 |
| On the next | 15,000 | 6% | 900 |
| On the first | 35,000 | – | 1,200 |
| On the next | 15,000 | 11% | 1,650 |
| On the first | 50,000 | – | 2,850 |
| On the next | 20,000 | 19% | 3,800 |
| On the first | 70,000 | – | 6,650 |
| On the next | 30,000 | 24% | 7,200 |
| On the first | 100,000 | – | 13,850 |
| Above | 100,000 | 26% |
Malaysian income tax is progressive
Tax payable by an individual is calculated on chargeable income, which is arrived at after taking into account exemptions and reliefs.
Taxable income would include the following:
- Income from business or profession
- Employment income
- Dividends received
- Rentals received
- etc
Tax filing deadlines
- Tax payers with only employment income – 30 April
- Tax payers with business income – 30 June 14
