1. What is the Cost Difference Calculator?

This calculator compares the cost between old and new tax slab rates in Malaysia, showing the difference in Malaysian Ringgit (MYR).

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( new\_slab\_cost\_my \) — Cost under new tax slab rates (MYR)
• \( old\_slab\_cost\_my \) — Cost under old tax slab rates (MYR)

Explanation: The equation simply subtracts the old cost from the new cost to show the difference.

3. Importance of Cost Comparison

Details: Comparing costs between old and new tax slabs helps individuals and businesses understand the financial impact of tax changes.

4. Using the Calculator

Tips: Enter both the new slab cost and old slab cost in MYR. The calculator will show the difference between them.

5. Frequently Asked Questions (FAQ)

Q1: Why compare old and new tax slabs?
A: It helps understand how tax changes affect your financial obligations.

Q2: What does a positive cost difference mean?
A: A positive value means the new slab costs more than the old one.

Q3: What does a negative cost difference mean?
A: A negative value means the new slab costs less than the old one.

Q4: Should I include all taxes in the calculation?
A: Yes, include all applicable taxes for accurate comparison.

Q5: How often should I recalculate this?
A: Recalculate whenever tax slabs change or your income situation changes.