How to do PCB Calculator through Payroll System Malaysia?
PCB Calculator is a personal income tax system in which the tax deduction rate increases as an individual’s income increases based on Malaysia Payroll System.
PCB Calculator stands for Potong Cukai Berjadual in Malaysia Payroll System. This PCB Calculator also popularly known as monthly tax deduction among many Malaysians.
In general, as a Malaysian has a responsibility to contribute government’s revenue.
Therefore, Malaysia government had introduced a simple and a very friendly of tax deduction from monthly payroll salary which is PCB Calculator required by Lembaga Hasil Dalam Negeri (LHDN), Malaysia.
How To Get PCB Calculation Malaysia?
In year 2022, Malaysia’s government has announced amendment of specification for PCB calculator using computerised calculation method, which proposed in the Budget 2022 for Malaysia Payroll System
- Review for Income Tax Relief on Contribution to an Approved Provident Fund or Takaful or Life Insurance Premium.
- Individual Income Tax Relief on Net Annual Savings in The National Education Savings Scheme.
The PCB Calculator as known as Inland Revenue Board Malaysia (IRBM), which an accurate system to calculate individual tax deduction developed by LHDN.
Salary Deduction for PCB Calculator
Individual’s tax deduction for pcb calculator covers all basic tax relieves such as individual status, spouse, Employees Provident Fund (EPF) contribution and child relief. Individual status and spouse have categorized as single, married but spouse is not working and married but spouse is working.
Under the age of 18 years.
- Eligible child deduction RM2,000.00 each
18 years & above and studying (include Certified/Matriculation).
- Eligible child deduction RM2,000.00 each
Above 18 years and studying full time in diploma level onwards (Malaysia) or Degree level onwards (outside Malaysia).
- Eligible child deduction RM8,000.00 each
Disabled child.
- Eligible child deduction RM6,000.00 each
Disabled child studying in diploma or higher level (in Malaysia)/degree or its equivalent (outside Malaysia).
- Eligible child deduction RM14,000.00 each
Am I taxable and what should do if taxable for PCB Calculator?
With effective year 2015 an individual who earns an annual employment income of RM34,000 after Employee’s Provident Fund (EPF deduction) has to register to tax file. The application to register an income tax reference number can be made at LHDN branch. Document required for registration:
- A copy of the latest Salary Statement (EA/EC form) or latest Salary slip.
- A copy of Identification card (IC)/police IC/army IC/international passport.
- A copy of marriage certificate (if applicable).
Taxpayer’s Responsibilities for PCB Payroll Malaysia
Tax Payers are responsible for record keeping and required to keep for seven (7) years from the end of the year. LHDN has the right to request any supporting documents for taxes paid previously.
- EA/EC Form
- Original dividend vouchers
- Insurance premium receipts
- Books purchase receipts
- Medical receipts
- Other supporting documents.
A tax deduction is similar to a tax relief where it reduces chargeable income. Tax deduction are result of Gifts and Donations. Donations are only tax deductible if they are made to a Government approved charitable organisation or directly to the Government and must keep the receipt of the donation.
What is The Types Of Tax Payment?
Here are the many ways to pay personal income tax:
Pay income tax via FPX Services for pcb calculator
Financial Process Exchange (FPX) gateway allows you to pay your income tax online. You need an Internet Banking account with the FPX participating bank as follows:
Affin Bank & Affin Islamic Bank
Alliance Bank & Alliance Islamic Bank
Bank Islam
Bank Rakyat
CIMB Bank & CIMB Islamic Bank
Hong Leong Bank & Hong Leong Islamic Bank
HSBC & HSBC Amanah
Maybank & Maybank Islamic Bank
RHB & RHB Islamic Bank
UOB Bank
Bank Muamalat
Bank Simpanan Nasional
Deutsche Bank
Kuwait Finance House
Standard Chartered & Standard Chartered Saadiq
OCBC Bank.
To make the payment, please go to ByrHASiL at https://byrhasil.hasil.gov.my/
Pay Income Tax Via Credit Card for pcb calculator
All VISA, Mastercard and American Express credit card issued in Malaysia can be used for this service.
PayIncome Tax Via LHDN Agents for pcb calculator
Several methods can be chosen as below:
Pay tax over the counter at bank branches.
CIMB Bank
Public Bank
Maybank
POS Malaysia
Affin Bank
Bank Rakyat
RHB Bank
Bank Simpanan Nasional
2. Pay income tax through online
Pay tax at the ATM
i. Public Bank Berhad
ii. Maybank Berhad
iii. CIMB Bank Berhad
Pay tax via tele-banking
Maybank Berhad only
Payment via Cheques Deposit Machine (CDM)
Payment via Cash Deposit Machine (CAM)
i. CIMB Bank Berhad
ii. Public Bank Berhad
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Package Price For HR Software Malaysia Solution with PCB Calculator
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