What is the new income tax rate for those earning between RM50,001 and RM70,000?

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The new income tax rate for individuals earning between RM50,001 and RM70,000 will be 11 per cent.

For individuals with an annual income ranging from RM50,001 to RM100,000, their income tax payable rate will be reduced by two percentage points. This reduction specifically brings the tax rate for those earning between RM70,001 and RM100,000 down from 21 per cent to 19 per cent. Consequently, for the income bracket of RM50,001 to RM70,000, the tax rate will be adjusted from 13 per cent to 11 per cent.
Reduction in Taxable Income Bracket

A reduction of two percentage points in income tax payments has been announced for individuals whose earnings fall within the RM50,001 to RM100,000 range. This measure aims to provide financial relief to a significant segment of taxpayers.
Specific Rate Adjustments

The announcement details that those with an income between RM70,001 and RM100,000 will see their tax rate decrease from 21 per cent to 19 per cent. This translates to a direct saving for this specific income group.
Implication for Lower Earners in the Bracket

Based on the stated two-percentage-point reduction for the entire RM50,001 to RM100,000 band, the tax rate for those earning between RM50,001 and RM70,000 will be lowered from the previous 13 per cent to 11 per cent. This adjustment is part of the broader tax relief measures introduced.

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What is the new income tax rate for those earning between RM50,001 and RM70,000?

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