Minimum Salary for Year 2024 to Pay Income Tax
In Malaysia, when your chargeable income does not exceed RM35,000 – you will be given a tax rebate of RM400.00 (Provided you are tax resident individual). With some eligible tax relief, you will not be paying taxes if your monthly income is around RM3,450++. You can be earning more and still not subject to tax – if you have more tax deductions (personal reliefs).
Discover more from this short 3 minutes video – on what is the minimum salary to be chargeable to Income Tax in Malaysia.