Introduction

[Updated] Your Complete Personal Income Tax Guide For 2024

Malaysia Income Tax Quick Guide
Any individual earning a minimum of RM34,000 after EPF deductions must register a tax file. This translates to roughly RM2,833 per month after EPF deductions, or about RM3,000 net. It should be noted that this takes into account all your income, and not only your salary from work.

Filing your income tax in Malaysia can be an anxiety-inducing experience every year for most people. We understand this and we are here to help you.

Ultimate income tax Malaysia quick guide

In fact, everything you need to get you through LHDN e Filing is right here.
Find out what is Malaysia income tax rate
Here’s how to calculate your chargeable income
Know all about donation tax deduction in Malaysia
How does monthly tax deduction work
List of income tax reliefs 2023
How can you get tax refund in Malaysia
Step by step LHDN e filing guide
How to pay income tax in Malaysia
Guide to income tax for foreigners in Malaysia

Just take a few minutes to follow the simple steps in our guide. With this simple and easy-to-understand Malaysia income tax guide 2024 (for Year of Assessment 2023), you will be filing your tax like a whiz in no time. Want to get an estimate of how much tax you need to pay? Just use iMoney’s Malaysia income tax calculator to find your answer right away.

iMoney income tax calculator

iMoney's Income Tax calculator
Check how much income tax you’ll pay with the Malaysia income tax calculator.

Additional income tax tips

Looking for some other information? Check out our other income tax quick tips
Tax filing for small business owners
Freelancers tax filing and money management guide
Tax filing if you lost your job
Claim income tax reliefs for your insurance premium
Know your income tax brackets and how much to pay
What to do if you forgot to file your income tax
What happens when you get your income tax audited by LHDN

This article has been updated on April 15, 2024.
Next: How To Calculate Your Chargeable (Or Taxable) Income

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