ICalculator MY Excellent Free. Review the 2022 Malaysia income tax rates and thresholds to allow calculation of salary after tax in 2022 when factoring in health insurance contributions pension contributions and other salary taxes in Malaysia.
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The main objective is to help taxpayers who have lost their jobs due to the current pandemic.
. The income tax rates 2021 exemption limit for compensation for loss of employment will be increased from RM10000 to RM20000 for each. Budget 2021 is the largest budget in Malaysias history with a total of RM3225 billion compared to RM297 billion for Budget 2020.
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