How much can I save with a MR 22,000/month salary in KL?

Post new topic

Member since 04 August 2018

niranjan_kumarMember04 August 2018 11:12:08

My company is offering me a salary of MR 220,000 (base) plus MR 44,000 (bonus) per year. Please advise me what is the deductions and taxes I have to pay and what will be in-hand salary per month. And how much can I save out of it considering the fact that I am a gadget and travel freak. Thanks in advance.

Gravitas ViP

Member since 02 March 2011

GravitasViP04 August 2018 11:50:17

9040

So 18,300 per month basic

Tax for 2018 plus first 182 days of 2019 is 28% flat rate (non resident rate) - RM5,124 per month

Once tax resident https://www.pwc.com/my/en/publications/ … oklet.html RM 4 245.00 per month

Check COL on Expatistan or Numbeo

Check housing costs per area on www.iproperty.com.my

Bonus taxed at 30% flat rate.

Expenditure depends on housing rental level and lifstyle, but should be under RM8,000 per month

niranjan_kumar Member

Member since 04 August 2018

niranjan_kumarMember04 August 2018 12:57:51

Thanks for the quick reply. Seems I shall be paying more taxes than I could possibly save. :-(

Articles to help you in your expat project in Kuala Lumpur

Kuala Lumpur's neighbourhoods
Kuala Lumpur is a real megalopolis, surrounded by suburbs and neighborhoods so different from each other that they ...
Buying property in Kuala Lumpur
When you plan to move to another country or another city, your first concern is undoubtedly where you are going to ...
Getting around Kuala Lumpur
One of the advantages of moving to Kuala Lumpur when settling in Malaysia is the quick access to many facilities ...
Universities in Kuala Lumpur
Kuala Lumpur is ranked second in the world in terms of affordability of higher education. The city is a thriving ...
Accommodation in Kuala Lumpur
The city of Kuala Lumpur offers a wide range of accommodation options. Many expats opt for luxury condominiums or ...
Working in Kuala Lumpur
Kuala Lumpur is a fast-paced city, where work is often at the heart of people's lives. As Malaysia's most ...
Building a social life and making friends in Kuala Lumpur
What we (Westerners) refer to as Kuala Lumpur is, in fact, called the Klang Valley. It sits right in the middle of ...
Student life in Kuala Lumpur
Kuala Lumpur has everything a student could dream of; excellent health services, safety, and a relatively low cost ...