Malaysia Personal Income Tax Calculator for YA 2020

Malaysia adopts a progressive income tax rate system; this means that low-income earners are imposed with a lower tax rate compared to those with a higher income. The system is thus based on the taxpayer's ability to pay. There are also differences between tax exemptions, tax reliefs, tax rebates and tax deductibles, so make sure you distinguish between them correctly.

Preparing to file income tax in Malaysia is a challenging and sometimes unpleasant experience every year for most people. You want to make sure that you have benefited from available tax reliefs and incentives, while having all the bases covered when making calculations.

That is why at 3E Accounting, we have developed a Malaysian personal income tax calculator to help save time and calculate tax in an easier, more efficient way.

With our Malaysian personal income tax calculator, you will be able to get a quick tax payable estimate and accurately forecast your income tax to help see how much you can get back and how much you actually owe on your tax return.

How It Works

About This Malaysian Personal Income Tax Calculator: This personal income tax calculator will work out tax rates, obligations and projected tax returns, and also tax debts for certain cases.
When to Use This Calculator
- Once you know what your total taxable income is,
- You want to work out the tax on that taxable income,
- You want to calculate your income tax return.
What You Will Need
- You will need your financial information such as: taxable income, net employment income, EPF amount, SOSCO amount, insurance premiums and etc
- This calculation doesn't take into account any tax credits which may reduce your tax. It only calculates the income tax on the taxable income you enter.
- Details on expenses based on family and medical spending such as: lifestyle expenses, education fees, parental care expenses, childcare fees, and breastfeeding equipment costs.
- Costs for disabled people, or caring for a disabled family member such as children or spouse, are also taken into consideration for personal income tax calculation.
After You Finish You will have complete information about your taxable income, tax relief, and net tax payable.

Year of Assessment 2020 MY

INCOME DETAILS
Employment Income Employment Income Total salary, bonus, director's fee, commission and perquisite etc. in 2020
Other Income Other Income Business income, rents, interest, discounts, royalties, pensions, annuities, other income etc.
NET EMPLOYMENT INCOME
Self Relief RM9,000 in tax relief for Self Relief
Disabled Individual Select yes if you have any disabilities for tax relief of RM6,000
Spouse Relief Select Yes if your spouse no working or elects for combined assesment for tax relief of RM4,000
Disabled Spouse Select yes if your spouse has any disabilities for tax relief of RM3,500
SOCSO SOCSO Up to RM250 in tax relief for SOCSO
EPF Amount Up to RM4,000 in tax relief for EPF
Life Insurance Premiums Up to RM3,000 - Total premiums paid for life insurance
Private Retirement Scheme & Deferred Annuity (PRS) Up to RM3,000 - Private retirement scheme and deferred annuity (PRS) approved by the Securities Commission
Medical or Education Insurance Premiums Up to RM3,000 - Total premiums paid for medical and education insurance
FAMILY DETAILS
Lifestyle Expenses Up to RM2,500 - Books and magazines, PC or smartphone, sports equipment or gym membership, internet subscription
Education Fees for Self Up to RM7,000 - For professional and technical qualification courses or Masters and PHD in any field
Total Number of Children Include all children below the age of 18. For children above the age of 18, only include if they are not married and still studying full time, tax relief of RM2,000 for each
Number of Children in Higher Education Only include children above the age of 18 that are not married and studying full time for their diploma (locally) or degree (overseas) or higher, additional tax relief of RM8,000 for each
Total SSPN Savings Up to RM8,000 - Net savings with SSPN for your children's higher education with PTPTN
Purchase of Supporting Equipment Up to RM6,000 For cost of basic supporting equipment for disabled individual (self, spouse, child or parent)
Child Care and Kindergarten Fees Up to RM2,000 in tax relief for child care cost and kindergarten enrolment
MEDICAL DETAILS
Family Medical Examinations and Expenses Up to RM6,000 - Total cost of medical examinations(Max 500) and hospital bills for serious diseases for self, spouse and children (expanded to cover the cost of fertility treatment for married couples)
Parental Care Medical Expenses Up to RM5,000 - Medical expenses and nursing care for own parents
Parental Care Living Fee Up to RM1,500 (Either Parent) / Up to RM3,000 (Both Parent) - If more than one individual claim this deduction, the amount of deduction has to be equally apportioned according to the number of individuals who claim in respect of the same parent (Father or mother; Father and mother). Each parent annual income does NOT exceed RM24,000.
Disabled Children Select number of children that have any disabilities for additional tax relief of RM6,000 for each unmarried child
Disabled Children in Higher Education Only include disable children above the age of 18 that are not married and studying full time for their diploma (locally) or degree (overseas) or higher, additional tax relief of RM14,000 for each
Purchase of Breastfeeding Equipment Up to RM1,000 in tax relief for breastfeeding equipment costs (applicable to working women with child aged up to 2 years and can be claimed once every 2 years)
SUMMARY DETAILS
Total Annual Income
Total Tax Relief
CHARGEABLE INCOME
TAX PAYABLE

NET TAX PAYABLE
Zakat and Fitrah Total Zakat and Fitrah contributions in 2019
Rebate given to taxpayer A rebate of Max RM400 is granted to an individual whose chargeable income does not exceed RM35,000.
Additional rebate for wife / husband Additional rebate of Max RM400 is granted to an individual whose chargeable income does not exceed RM35,000 and where he / she has been allowed a deduction of RM4,000 for the spouse and elects for combined assessment
Total Tax Payments (Deduct Zakat and Fitrah)

Contact Us Today

3E Accounting understands the difficulties in tax filing for personal income. If you need more assistance after using our personal income tax calculator,our team of professional tax accountants are here to help.