Income Tax Bracket 2024 Malaysia

Income Tax Bracket 2024 Malaysia. The income threshold for filing for income tax malaysia is the minimum amount of income you must earn to be required to file a tax return. The following categories of individuals are taxed at 15% on the employment income:

For ya 2023, it’s important to note that the tax rates have been amended under budget 2023, with a reduction of 2% for those who fall under the m40 income. A qualified person (defined) who is a knowledge worker residing in.