Passive Income Tax Rate 2024. Company with paid up capital not more than rm2.5 million and gross business income of not more than rm50 million. The tax rate that you’ll pay on passive income depends heavily on the specific kind of income and, sometimes, how.

The income tax calculator estimates the refund or potential owed amount on a federal tax return. With effect from ya 2020, income tax rates are applied on a graduated scale starting from 0% on the first rm5,000 to a maximum of 30% on income exceeding rm2.