PCB Calculator 2022 for Payroll HRMS in Malaysia

PCB Calculator 2022 – Monthly Tax Deduction for Payroll HRMS in Malaysia

PCB, short from Potongan Cukai Bulanan, aka MTD short from Monthly Tax Deduction in both Malay and English in Malaysia. PCS is an essential tax deduction for all of the Malaysian employment as it directly applied a deduction towards employee salary.

Payroll

Learn more about iFLEXiHRMS Payroll System towards PCB Calculator 2022 Malaysia

iFLEXiHRMS Payroll System allow you to one click process employee’s PCB Calculator relevant document such as EA form and employee’s payslip. It is a simple and easy payroll software system by allowing your company employee’s PCB Calculator in Malaysia can be done easily and efficiency.

iFLEXiHRMS Payroll System free up your time from tedious and complex payroll calculations, preparation of pay slips and all statutory submissions. It built for your business, and grow with your business.

Why PCB exists?

PCB is considered a main income, which generally allow a country to gain it as an income and contribute to the Gross Domestic Product (GPD). A country will spend these collected taxes by improving standard of living, growth economic, raising job creation and many more categories that used in our society.

Taxes from PCB calculator can be used for improving Health care services, Education funding, Governments, petrol & gas, and many of the other services which are closest and related to our daily livings.

Payroll

So who are entitled to PCB Calculator 2022 in Malaysia?

There are several types of workers which are entitled to PCB Calculator in Malaysia, which are the following:
Full time Workers
The biggest party share among all the employee throughout Malaysia. Full time employee comes with several benefits such as annual leave, sick leave and insurance, usually worked in company and government Malaysia, which also makes them the most of the contribution percentage to PCB Calculator in Malaysia.

Part time Workers
Compared to full time workers, part time workers are usually get paid by hourly whereas the longer time they worked the higher salary they get paid. However, their working hour shouldn’t be more that 70% from a full time worker.
Part time Workers share the most/same benefits with full time workers.

Contract Workers
Contract Workers are people that work under a contract for an employer. He or she neither truly belongs to a company but with a certain amount of time while the contract is still valid.

Freelancers
Freelances are people who work with several companies with their expert knowledge. They neither belong to any of the company they worked for.

Which types of salary you shall pay/deduct towards PCB Calculator 2022 in Malaysia?

We know that in HRMS Payroll Malaysia consists of a lot of employee’ salary type which including gross pay, bonus, incentive and other else. But do you know which types of employee salary have to perform a deduction to PCB calculator in Malaysia?

Employee’ salary type that entitled for PCB Calculator

  • Salary & Wages
  • Overtime (OT)
  • Allowance
  • Bonus
  • Travelling Allowance
  • Commission
  • Incentive
  • Appraisal & Rewards
  • Angpow
  • Annual Leave (Unused Conversion)
  • Gratuity
  • Benefits for termination
  • Benefits for retirement
  • Director Fee
  • Perquisite
  • ESOS
  • Tax (Covered by employer)
  • BIK
  • VOLA

Learn more about types of salary that should be contributed and deduction for EPF, SOCSO, EIS, PCB Calculator and more.

Payroll

Learn more about iFLEXiHRMS Payroll System towards PCB Calculator 2022 Malaysia

iFLEXiHRMS Payroll System allow you to one click process employee’s PCB Calculator relevant document such as EA form and employee’s payslip. It is a simple and easy payroll software system by allowing your company employee’s PCB Calculator in Malaysia can be done easily and efficiency.

iFLEXiHRMS Payroll System free up your time from tedious and complex payroll calculations, preparation of pay slips and all statutory submissions. It built for your business, and grow with your business.

PCB Calculator 2022 and Deduction for HRMS Payroll Malaysia

Follow the latest update of Income Tax YA 2021 for personal PCB Calculator Deductions here.

e-PCB calculator for HRMS Payroll Malaysia

PCB Calculator is a part of HRMS Payroll Process in Malaysia, range of Malaysia income tax rate fall between 0% to 30% vary according to salary gain.

For Malaysia’s resident, we are able to perform income tax deduction by lower our taxes with some of the ‘spending’ and under certain ‘circumstances’, for example purchasing children needs, person with disability, insurance, medical expense, personal lifestyle and more.

 

A non-resident individual subject to be taxed at a flat rate of 30% on all taxable income.

How to submit PCB Calculator 2022, e-filling or Income Tax in Malaysia?

You have to get to know that which form you are going to fill, also each type of forms validity (deadline) are different to each other’s. So what you should know about income tax form?

  • Resident individuals who do not carry on a business will submit the BE form.
  • Resident individuals who do carry on a business will submit the B form
  • Non-Resident individuals will submit the M form.

Deadline submission for each income tax form

  • BE form, for those resident individual who don’t carry on a business shall submit their form manual filling or e-filling before 30 April and 15 May respectively.
  • B from, for those resident individual who carry a business shall submit their form manual filling or e-filling before 30 June and 15 July respectively.

Learn more of the different types of income tax form from the LHDN website here.

How to get your income tax number?

Income tax number can be easily register as a taxpayer via e-Daftar.

Payroll

How to get your income tax PIN number?

Payroll

Income tax PIN number can be easily get while visiting LHDN branch or through online (browsing LHDN website). This one-time PIN number is to allow you by first time registering and setup your LHDN account, after that you may use your own password instead of this PIN number.

FINDING A QUICKER SOLUTION FOR SOLVING OR CALCULATING YOUR INCOME TAX?

iFlexiHRMS is a HR solution that allow you to one click generate each employee EA form for tax submission. Learn more about iFlexiHRMS now!

Learn more about iFLEXiHRMS Payroll System towards PCB Calculator 2022 Malaysia

iFLEXiHRMS Payroll System allow you to one click process employee’s PCB Calculator relevant document such as EA form and employee’s payslip. It is a simple and easy payroll software system by allowing your company employee’s PCB Calculator in Malaysia can be done easily and efficiency.

iFLEXiHRMS Payroll System free up your time from tedious and complex payroll calculations, preparation of pay slips and all statutory submissions. It built for your business, and grow with your business.

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