Personal Income Tax 2019 :
Tax Rates For Year Of Assessment 2018 (Tax Filed In 2019)
Now that you understand how to derive your chargeable income to file for your 2018 income tax, we can calculate how much tax you will be paying for last year’s assessment.
Here are the progressive income tax rates for Year of Assessment 2018:
credit to The Definitive Guide To Personal Income Tax In Malaysia For 2019, iMoney.my Learning Centre
You can calculate your taxes based on the formula above, and just make sure your total income in the first column comes up to your total chargeable income.
Here’s how you calculate your tax based on the personal income tax rate above:
Chargeable income: RM63,850