what could be income tax amount for a salaried individual drawing RYM10000 in Malaysia,KL?

Answer 1

THERE IS A CHART OF INCOME TAX PAYABLE /RATES ON THIS WEBSITE http://www.hasilnet.org.my/english/eng_NO2_1_1K.asp
IS BETWEEN 27-28%

On the first 100,000 - TAX AMT14,475
On the next 50,000 27%-TAX AMT 13,500
On the first 150,000 - TAX AMT27,975
On the next 100,000 27% TAX AMT27,000
On the first 250,000 - TAX AMT54,975
Exceeding 250,000 MAX 28%

b) Non-Resident Individual Rates Non-resident employees (including directors) professionals and sole proprietors - 29% (28% With Effect Year Of Assessment 2002)


c) c) Companies Rates

Resident Companies - 28 %
Non-Resident Companies - 28 %


d) Trustee And Executor Rates (28 %)


e) Association And Club Rates - As applicable to individuals.


f) Non-Resident Association (29%)-(28% With Effect Year Of Assessment 2002)


g) Insurer

Inward Reinsurance - 5 % (Y/A 1980 onwards)
Offshore Insurance - 5 % (Y/A 1982 onwards)
Life Fund - 8 % (Y/A 1995 onwards)


h) Approved Operational Headquarters Company - 10 % (Y/A 1990 onwards) (on qualifying services)


i) Foreign Fund Management Company -10 % (Y/A 1996 onwards) (fund management services to foreign investors)

Answer 2

hmm is this amt for like a month or for the whole year!?

Answer 3

less than 28%

Answer 4

m
a
r
r
y

m
e

p
l
s