{"slug":"income-tax-malaysia","name":"Malaysia Income Tax Calculator (2024)","category":"fortune","tags":["earning","tax","planning"],"tagline":"2024 Malaysia income tax: tax owed, effective rate, marginal rate, and take-home pay.","endpoint":"https://xearno.tools/api/v1/tools/income-tax-malaysia","page":"https://xearno.tools/t/income-tax-malaysia","description":"Computes Malaysia personal income tax for 2024 using the official progressive brackets, and explains the number the way it actually works: your marginal rate versus your effective rate, how far you are from the next bracket, and exactly what this model excludes.","inputSchema":{"type":"object","properties":{"annualIncome":{"description":"Annual income (MYR)","type":"number","minimum":0,"default":60000},"deduction":{"description":"Deductions (MYR) Prefilled with the standard deduction/allowance.","type":"number","minimum":0,"default":9000}},"required":[],"additionalProperties":false},"methodology":["Cumulative progressive calculation: each slice of taxable income is taxed at its bracket's rate — 0% up to 5,000, 1% up to 20,000, 3% up to 35,000, … up to 30% at the top. Taxable income = annual income − deductions.","Basis: LHDN resident rates 2024, personal relief RM9,000. Bracket tables are updated when the jurisdiction publishes new rates; the tax year is stated in the tool name so you never mistake stale rates for current ones.","Scope: personal income tax only. Excluded: EPF/SOCSO and the many lifestyle reliefs — actual tax is typically lower. Real filings involve credits, reliefs, and personal circumstances this calculator deliberately does not guess at."],"usage":"POST https://xearno.tools/api/v1/tools/income-tax-malaysia with a JSON body matching inputSchema."}