Income Tax Rates

Income Tax Rates

Income Tax Rates (Malaysia)

income tax rates

Year of Assessment 2023

Resident Individual

Chargeable IncomeBand
Rate (%)Cumulative Tax (RM)
First RM5,000RM0 – RM5,0000 0
Next RM15,000RM5,001 – RM20,0001150
Next RM15,000RM20,001 – RM35,0003600
Next RM15,000RM35,001 – RM50,00061,500
Next RM20,000RM50,001 – RM70,000113,700
Next RM30,000RM70,001 – RM100,000199,400
Next RM150,000RM100,001 – RM250,0002546,900
Next RM150,000RM250,001 – RM400,0002584,400
Next RM200,000RM400,001 – RM600,00026136,400
Next RM400,000RM600,001 – RM1,000,00028248,400
Next RM1,000,000RM1,000,001 – RM2,000,00028528,400
Exceeding RM2,000,00030

Resident Company

Chargeable Income:First RM150,000Next RM450,000Excess over RM600,000
Paid up ordinary share capital
RM 2,500,000 or lesser15%17%24%
More than RM2,500,00024%24%24%

Year of Assessment 2022

Resident Individual

Chargeable IncomeBand
Rate (%)Cumulative Tax (RM)
First RM5,000RM0 – RM5,0000 0
Next RM15,000RM5,001 – RM20,0001150
Next RM15,000RM20,001 – RM35,0003600
Next RM15,000RM35,001 – RM50,00081,800
Next RM20,000RM50,001 – RM70,000134,400
Next RM30,000RM70,001 – RM100,0002110,700
Next RM150,000RM100,001 – RM250,0002446,700
Next RM150,000RM250,001 – RM400,00024.583,450
Next RM200,000RM400,001 – RM600,00025133,450
Next RM400,000RM600,001 – RM1,000,00026237,450
Next RM1,000,000RM1,000,001 – RM2,000,00028517,450
Exceeding RM2,000,00030

Resident Company

Chargeable Income:First RM600,000Excess over RM600,000
Paid up ordinary share capital
RM 2,500,000 or lesser17%24%
More than RM2,500,00024%24%

[Back to Home]

About Us

News & Articles

Tags

There’s no content to show here yet.

Social Links

en_USEnglish