Benefit in kind car calculator
| Car | RM2,400 |
| Petrol | RM900 |
| Added to your income each year | RM3,300 |
About RM627 more tax a year (RM52 a month)
Uses LHDN's prescribed value method at your top rate. If the benefit pushes you into a higher band, the real amount is a little more. Your employer may use the formula method instead, so check your EA form.
Benefit in kind car table Malaysia 2026
Find the car's price when new. The car value is what LHDN adds to your income each year. Add the petrol value only if the company pays for your fuel.
| Price of car when new | Car (per year) | Petrol (per year) |
|---|---|---|
| Up to RM50,000 | RM1,200 | RM600 |
| RM50,001 – RM75,000 | RM2,400 | RM900 |
| RM75,001 – RM100,000 | RM3,600 | RM1,200 |
| RM100,001 – RM150,000 | RM5,000 | RM1,500 |
| RM150,001 – RM200,000 | RM7,000 | RM1,800 |
| RM200,001 – RM250,000 | RM9,000 | RM2,100 |
| RM250,001 – RM350,000 | RM15,000 | RM2,400 |
| RM350,001 – RM500,000 | RM21,250 | RM2,700 |
| RM500,001 and above | RM25,000 | RM3,000 |
Source: LHDN Public Ruling 11/2019, as listed in the PwC Malaysian Tax Booklet 2025/2026. A driver adds RM7,200 a year.
Three rules that change the number
- Older than 5 years: the car value is halved. A RM120,000 car drops from RM5,000 to RM2,500 a year.
- Second hand still counts as new. The band uses the price when new, even for a used, leased or rented car.
- EVs and hybrids: petrol and charging are taxed on what the company actually spent, not the table.
Company car or car allowance: which leaves you more?
A cash car allowance is taxed in full. A company car is taxed only on the table value, which is usually far below what the car really costs to own. For a RM120,000 car, the table adds RM5,000 a year. Buying the same car yourself with a 90% loan over 9 years at 2.5% flat costs about RM14,700 a year in instalments. If you are offered the choice and you do not need the car after you leave, the company car usually costs you less tax. Run your car loan through our car loan calculator to compare.
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