Salary Calculator Malaysia
Calculate your net salary in Malaysia with our accurate salary calculator. Understand your take-home pay after LHDN tax, EPF, SOCSO, and other deductions.
Calculate Your Salary
Your Salary Breakdown
| Component | Annual Amount | Monthly Amount |
|---|---|---|
| Gross Salary | MYR0 | MYR0 |
| Total Deductions | MYR0 | MYR0 |
| Net Take-Home Pay | MYR0 | MYR0 |
About Your Deductions
- Income Tax (LHDN) is calculated based on current 2024 rates
- EPF Contribution is calculated based on current 2024 rates
- SOCSO is calculated based on current 2024 rates
- EIS is calculated based on current 2024 rates
2024 Salary After Tax Breakdown in Malaysia
Detailed Breakdown of Taxes and Contributions
Malaysia Tax Breakdown 2024
With a gross annual income of MYR 0, our Salary After Tax Calculator for Malaysia estimates your net monthly income to be around MYR 0.
Here is an itemized breakdown of the deductions applied to employment income in Malaysia, as precisely computed by our salary after tax calculator:
| Item | Yearly Amount | Monthly Amount |
|---|---|---|
| Gross Income | MYR 0 | MYR 0 |
| Income Tax (LHDN) | MYR 0 | MYR 0 |
| EPF Contribution | MYR 0 | MYR 0 |
| SOCSO | MYR 0 | MYR 0 |
| EIS | MYR 0 | MYR 0 |
| Net Income (Take-Home Pay) | MYR 0 | MYR 0 |
Understanding Your Tax Breakdown
- Your gross annual salary of MYR 0 is subject to 4 main deductions in Malaysia.
- The largest deduction is Income Tax (LHDN), at MYR 0 per year.
- Your final take-home pay is MYR 0 per month, or MYR 0 annually.
In Malaysia, the minimum wage for 2024 is set at MYR 1,500 per month across all urban areas, while it is MYR 1,400 per month in town councils and rural areas. This translates to an annual income of MYR 18,000 for urban workers and MYR 16,800 for rural workers.
After accounting for EPF contributions and SOCSO deductions (employees earning minimum wage are typically exempt from income tax), an individual on minimum wage would take home approximately MYR 1,350 monthly in urban areas. The minimum wage is periodically reviewed and adjusted by the National Wages Consultative Council to reflect changes in the cost of living and economic conditions.
Average Salaries in Malaysia (2024)
The latest data indicates that the average yearly salary in Malaysia is approximately MYR 66,000. This figure varies significantly based on location and industry, with Kuala Lumpur and Selangor typically offering higher salaries. The median monthly gross salary is estimated at MYR 5,500, with considerable variations between regions.
Annual Average
MYR 66,000
Monthly Average
MYR 5,500
In Malaysia, industries like technology, banking, and oil & gas typically offer the most competitive salaries. Below is a detailed breakdown of median salaries by major city/state. Additionally, insights into net salaries after tax deductions are provided to give a better understanding of potential take-home pay.
Salary Ranges by Experience Level
Entry Level
MYR 46,200 - MYR 59,400
Mid Level
MYR 59,400 - MYR 85,800
Senior Level
MYR 85,800+
Regional Salary Variations in Malaysia
| Region | Monthly Gross Salary | Monthly Net Salary |
|---|---|---|
| Kuala Lumpur | MYR 6,500 | MYR 5,200 |
| Selangor | MYR 6,000 | MYR 4,800 |
| Penang | MYR 5,500 | MYR 4,400 |
| Johor | MYR 5,000 | MYR 4,000 |
| Sabah | MYR 4,500 | MYR 3,600 |
Key Salary Insights
- Highest paying region: Kuala Lumpur with average gross salary of MYR 6,500
- Lowest paying region: Sabah with average gross salary of MYR 4,500
- Average take-home pay ratio: 80% of gross salary
- Salary range variation: Up to 44% difference between regions
Important Disclaimer
The information provided by this salary calculator is for general informational purposes only. While we strive to keep the information up to date and accurate, tax regulations and rates can change frequently.
This calculator provides estimates only and should not be considered as financial advice. For accurate calculations and advice tailored to your specific situation, please consult a qualified tax advisor, accountant, or other professional financial expert in Malaysia.
Tax calculations can be complex and may be affected by various factors not accounted for in this basic calculator. Always verify tax obligations with official sources or professional advisors before making any financial decisions.