Personal income tax calculator Malawi
Enter your taxable income for the year to see the income tax on it.
The rates come from the Taxation (Amendment) Act 2025 and apply from 30 December 2025.
How it's calculated
- The first MK 2,040,000 of taxable income a year is taxed at 0%.
- Everything above MK 2,040,000 is taxed at 30%.
An example
On taxable income of MK 6,000,000 the first MK 2,040,000 is tax free and MK 3,960,000 is taxed at 30%. The tax is MK 1,188,000.
Frequently asked questions
Is salary taxed with these rates?
No. Employment income has its own PAYE bands, with rates of 30%, 35% and 40% above the tax-free amount. Use the PAYE calculator for your salary.
Does this apply to a small business?
A business with a turnover up to MK 12.5 million a year usually pays presumptive tax instead, unless it chose the normal rules.
What rate do companies pay?
Companies pay corporate income tax: 30% on annual taxable income up to MK 5 billion and 40% in excess of MK 5 billion, under the 2025 amendments.
Key terms
- Taxable income
- Income less the expenses the Taxation Act allows you to deduct.
- Year of assessment
- The tax year the MRA assesses your income for.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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