|

Malaysian personal income tax rates

Employment income is taxed at progressive rates ranging from 0% to 28%.

Self assessment for individuals was introduced from the year of assessment 2004.

With self assessment, the taxpayer bears the responsibility for correctly assessing his or her tax liability.

The forms are issued in January of each year, and tax returns are to be submitted by 30th April for those with only employment income, and 30th June for those with business income (i.e. sole proprietors and partnerships).

Chargeable IncomeCalculations (RM)Rate %Tax(RM)
0 – 5,000On the First 2,5000.000.00
5,001 – 20,000On the First 5,000
Next 15,000		10.00
150.00
20,001 – 35,000On the First 20,000
Next 15,000		5 150.00
750.00
35,001 – 50,000On the First 35,000
Next 15,000		10 900.00
1,500.00
50,001 – 70,000On the First 50,000
Next 20,000		16 2,400.00
3,200.00
70,001 – 100,000On the First 70,000
Next 30,000		21 5,600.00
6,300.00
100,001 – 250,000On the First 100,000
Next 150,000		24 11,900.00
36,000.00
250,001 – 400,000On the First 250,000
Next 150,000		24.5 47,900.00
36,750.00
400,001 – 600,000On the First 400,000
Next 200,000		25 84,650.00
50,000.00
600,001 – 1,000,000On the First 600,000
Next 400,000		26 134,650.00
104,000.00
Exceeding 1,000,000On the First 1,000,000
Next ringgit		28 238,650.00
……….
Chargeable IncomeCalculations (RM)Rate %Tax(RM)
0 – 2,500On the First 2,50000.00
2,501 – 5,000Next 2,50000.00
5,001 – 10,000On the First 5,000
Next 5,000		10.00
50.00
10,001 – 20,000On the First 10,000
Next 10,000		1 50.00
100.00
20,001 – 35,000On the First 20,000
Next 15,000		5 150.00
750.00
35,001 – 50,000On the First 35,000
Next 15,000		10 900.00
1,500.00
50,001 – 70,000On the First 50,000
Next 20,000		16 2,400.00
3,200.00
70,001 – 100,000On the First 70,000
Next 30,000		21 5,600.00
6,300.00
100,001 – 150,000On the First 100,000
Next 50,000		24 11,900.00
12,000.00
150,001 – 250,000On the First 150,000
Next 100,000		24 23,900.00
24,000.00
250,001 – 400,000On the First 250,000
Next 150,000		24.5 47,900.00
36,750.00
Exceeding 400,000On the First 400,000
Next RM		25 84,650.00
……….
Chargeable IncomeCalculations (RM)Rate %Tax(RM)
0-2,500On the First 2,50000.00
2,501-5,000Next 2,50000.00
5,001-10,000On the First 5,000
Next 5,000		20.00
100.00
10,001-20,000On the First 10,000
Next 10,000		2 100.00
200.00
20,001-35,000On the First 20,000
Next 15,000		6 300.00
900.00
35,001-50,000On the First 35,000
Next 15,000		11 1,200.00
1,650.00
50,001-70,000On the First 50,000
Next 20,000		19 2,850.00
3,800.00
70,001-100,000On the First 70,000
Next 30,000		24 6,650.00
7,200.00
Exceeding 100,000On the First 100,000
Next RM		26 13,850.00
……….
author avatar
admin
See Full Bio

Similar Posts