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Determine the familys total tax payable. Tax(RM) Malaysia Personal Income Tax Rate 2020 Chargeable income Calculation (RM) Tax rate (RM) (%) 0 - 5,000 On
Determine the familys total tax payable.
Tax(RM) Malaysia Personal Income Tax Rate 2020 Chargeable income Calculation (RM) Tax rate (RM) (%) 0 - 5,000 On the first 5,000 0 5,001 - 20,000 On the first 5,000 0 Next 15,000 1 20,001 - 35,000 On the first 20,000 Next 15,000 3 35,001 - 50,000 On the first 35,000 Next 15,000 8 50,001 - 70,000 On the first 50,000 Next 20,000 14 70,001 - 100,000 On the first 70,000 Next 30,000 21 100,001 - 250,000 On the first 100,000 Next 150,000 24 250,001 - 400,000 On the first 250,000 Next 150,000 24.5 400,001 - 600,000 On the first 400,000 Next 200,000 25 600,001 - 1,000,000 On the first 600,000 Next 400,000 26 1,000,001 -2,000,000 On the first 1,000,000 28 Next 1,000,000 Above 2,000,001 On the first 2,000,000 30 Next ringgit 0 0 150 150 450 600 1,200 1,800 2,800 4,600 6,300 10,900 36,000 46,900 36,750 83,650 50,000 133,650 104,000 237,650 280,000 517,650 Tax(RM) Malaysia Personal Income Tax Rate 2020 Chargeable income Calculation (RM) Tax rate (RM) (%) 0 - 5,000 On the first 5,000 0 5,001 - 20,000 On the first 5,000 0 Next 15,000 1 20,001 - 35,000 On the first 20,000 Next 15,000 3 35,001 - 50,000 On the first 35,000 Next 15,000 8 50,001 - 70,000 On the first 50,000 Next 20,000 14 70,001 - 100,000 On the first 70,000 Next 30,000 21 100,001 - 250,000 On the first 100,000 Next 150,000 24 250,001 - 400,000 On the first 250,000 Next 150,000 24.5 400,001 - 600,000 On the first 400,000 Next 200,000 25 600,001 - 1,000,000 On the first 600,000 Next 400,000 26 1,000,001 -2,000,000 On the first 1,000,000 28 Next 1,000,000 Above 2,000,001 On the first 2,000,000 30 Next ringgit 0 0 150 150 450 600 1,200 1,800 2,800 4,600 6,300 10,900 36,000 46,900 36,750 83,650 50,000 133,650 104,000 237,650 280,000 517,650Step by Step Solution
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