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Last activity 04 August 2015 by Gravitas

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fun_1234Member04 August 2015 07:54:40

Hello Everyone,
I am new to the blog & I have few queries.
My husband has been offered a job in Malaysia with MYR 16000 per month (Including tax & everything).
The visa, airfare, medical insurance, etc will be supported by the company & we have to pay for tax & other expenses like housing, food, utilities, transportation, etc. My daughter is 3 years old & we are not planning for her education rt. now.
Please suggest whether we should accept this offer or not. In India we are earning around 65000INR per month.
Looking for reply.
Thanks & regards,

GravitasViP04 August 2015 08:48:59

9040

If the job in Malaysia has a salary double the current earnings, then it may be worth taking, if its a career move. Anything less, avoid. COL is 30-35% higher in Malaysia.

fun_1234Member04 August 2015 09:13:05

Hi,
Thanks for your response.
As I am going to join a pharma group & is based in Shah Alam. What would be the nearest residential area where I can search the residence.
Moreover, any other suggestions.
Please I have to decide quickly.

GravitasViP04 August 2015 09:17:38

9040

Setia Eco Park is popular but there are lots of choices.

fun_1234Member04 August 2015 09:57:48

Hi,
Thanks but the choices like, how to find the rooms for rent. Please specify & also the tax part, my monthly take home would be around MYR 16000, so tax accordingly.
Thanks

GravitasViP04 August 2015 10:03:17

9040

Rooms are not normally available for couples to rent.

Tax is flat rate 25% for first 182 days. The graduated system is based on the annual salary. You take each band moving upwards and add the final column on the right together. When a salary is midway in a band, just multiply the portion in that band by the percentage and add that to the rest. When you have a figure, divide by 12 to get the monthly deduction.

2015
0-5,000 0%
5,000-10,000 1% which equals RM50
10,001-20,000 1% +RM50
20,001-35,000 5% +RM750
35,001-50,000 10% +RM1,500
50,001-70,000 16% +RM3,200
70,001-100,000 21% +RM6,300
100,001-250,000 24% +RM36,000
250,001-400,000 24.5% +RM36,750
Exceeding 400 000 25% +RM?

You can rent accommodation from as low as RM1500 per month in some areas. An average would be RM2-2.5k per month. This is probably going to be your only option. COL in Malaysia is 30-35% higher than in India. RM16k is a good salary here and you can make savings, but the salary must be at least double current earnings to make it worthwhile financially.

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