My company is offering me a salary of MR 220,000 (base) plus MR 44,000 (bonus) per year. Please advise me what is the deductions and taxes I have to pay and what will be in-hand salary per month. And how much can I save out of it considering the fact that I am a gadget and travel freak. Thanks in advance.
How much can I save with a MR 22,000/month salary in KL?
2
9040
So 18,300 per month basic
Tax for 2018 plus first 182 days of 2019 is 28% flat rate (non resident rate) - RM5,124 per month
Once tax resident https://www.pwc.com/my/en/publications/ … oklet.html RM 4 245.00 per month
Check COL on Expatistan or Numbeo
Check housing costs per area on www.iproperty.com.my
Bonus taxed at 30% flat rate.
Expenditure depends on housing rental level and lifstyle, but should be under RM8,000 per month
2
Thanks for the quick reply. Seems I shall be paying more taxes than I could possibly save. :-(
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