Tax Brackets For 2024 Malaysia Income. This calculator also works as an income tax calculator for malaysia, as it shows you how much income tax you might have to pay based on your salary and personal details. Enter the tax relief and you will know your tax amount, tax bracket & tax rate!

Common deductions include epf contributions, life insurance premiums, and certain lifestyle expenses. T20, m40 and b40 were used to describe the income groups in malaysia.