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Individual Tax Rates 2024 Malaysia. Here's how you can calculate based on your personal income band and the individual progressive tax rate in malaysia. With effect from ya 2020, income tax rates are applied on a graduated scale starting from 0% on the first rm5,000 to a maximum of 30% on income exceeding rm2 million.
The tax tables below include the tax rates, thresholds and allowances included in the malaysia tax calculator 2024. This publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practice.
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