What is PCB Malaysia?
SQL Payroll hands on Workshop (FREE)
Effective 1st Sept 2019, IRB Malaysia no longer accept manually submitted Form 39, CD/DVD, Flash drive and diskettes as well as cash and cheque payments. Attend half day payroll workshop to learn how payroll system help you to ease your payroll process, reduce human pcb calculation mistake, avoid from tax penalty.
learn SQL Payroll software in 1 hour, all software users are welcome to attend).
- difference between e-Data PCB vs e-PCB
- what is E-CP39?
- what is the payment method for PCB?
- if i dont have online banking, can i still issue cheque for monthly pcb deduction?
- Payroll Software, Process payroll, PCB calculation, government report
- Advance paid, loan, adhoc process
- Leave policy, Leave application, unpaid leave calculation
- CP 38, Benefit in kinds, Optional Tax relief.
What is subject to pCB?
- Salary / Wages
- Overtime Payment
- Commission
- Tips
- Allowance
- Bonus / Incentive
- Director fees
- Perquisite
- Employee's share option scheme (ESOS)
- Tax borne by the employer
- Gratuity
- Compensation for loss of employment
- Any other payment in addition to nomral remuneration for current month
- Deduction for Zakat
- Benefits in Kind (BIK)
- Value of Living Accommodation (VOLA)
- BIK and VOLA are part of remuneration which is not subject to MTD. However, employee may make an irrevocable election to include the BIK and VOLA as part of his remuneration to be subject to MTD by completing a prescribed form and submit to employer. If employer agrees, BIK and VOLA are subjected to MTD.
The above list is not exhaustive. Should require further clarification, please contact IRB Malaysia Contact Management Centre at 1-300-88-5436, enquiry at any LHDN Office.
What is the benefit of PCB?
PCB is designed to avoid large amounts of tax payments at the end of the year. PCB can also save you from having to file for a tax report if several conditions are met.
Why you should file for tax return?
Filing for tax return can rectify the mistakes that might have occurred while processing your taxes for that year. If you have underpaid your taxes due to an incorrect PCB calculation, you will be able to prevent future issues of owning a large amount of money at the end of employment life by filing for taxes. On the contrary, you might have overpaid taxes and filing a tax return will allow you to claim a tax refund.
PCB Monthly Tax Deduction FAQ
- 1) How do I register an Individual income tax reference number?
There are 2 methods of registering an income tax reference number:
- You can register manually at the nearest IRBM branch by bringing along a copy of your identification document, remuneration statement and business registration for business cases.
- You can register online through e-Daftar in MyTax portal.
- 2) I have not received my Income Tax Return Form. How do I obtain a copy of the said form?
You may contact the Assessment Branch where your income tax file is registered or the nearest IRBM office and request for the relevant forms.
- 3) I have shifted office from Kuantan and I am currently working in Shah Alam but my income tax file is at the IRBM Branch in Kuantan. Can my income tax file be transferred to Shah Alam?
You may, by way of telephone or letter, request for your tax file to be transfered to the IRBM Shah Alam Branch. You will be required to inform IRBM of any future change of address.
- 4) Can I make a claim on medical expenses expended on myself ?
You may claim medical expenses for serious diseases expended on you, your spouse or child up to a maximum of RM 5,000.00 a year and medical expenses for parents up to a maximum of RM 5,000.00 a year. Such a claim must be supported by original receipts issued by a medical practitioner.
- 5) Do I have to register a company tax file if my company has not commenced operations?
A company tax file has to be registered only when the company has commenced operations/business.
- 6) What are the conditions to claim deduction on housing loan interest?
Interest expended to finance purchase of residential property. Relief of up to RM10,000 a year for three consecutive years from the first year the interest is paid. Subject to the following conditions:
- the taxpayer is a Malaysian citizen and a resident;
- limited to one residential unit;
- the sale and purchase agreement is signed between 10th March 2009 and 31st December 2010; and
- the residential property is not rented out.
- 7) According to my calculation, I am not liable to tax for the year of assessment 2011. What should I do to allow my employer to stop / cancel my deductions under MTD?
If you are in the payment scheme under MTD, you do not have to pay the whole amount of tax that was assessed. In this case, you are only required to pay the balance RM 200.00.
- 8) Is the number of children eligible for exemption restricted under the Income Tax Act?
You may contact the Assessment Branch directly for confirmation of your non-liability, and then inform the Collections Branch and request for the issuance of a letter to your employer to stop the MTD deductions.
- 9) My monthly deductions are too low compared to the actual tax payable. How can I increase my deductions to settle the tax payable?
You may request to your employer to increase your monthly deductions to settle the tax payable. Employers do not have to wait for instructions from the Collections Branch to increase the amount of the monthly deductions for purposes of paying tax.
- 10) My monthly deductions are in excess of the total tax assessed. How do I apply to cancel further monthly deductions and also obtain my over payment of tax?
You may contact the Collections Branch directly to obtain a letter to stop the deductions. You may apply for a refund of your overpayment, with the condition that all assessments have been finalised to-date.
- 11) Is there any limitation to the number of children entitled to child relief under the Income Tax Act?
There is no limit to the number of children, but relief will only be given for any dependent, unmarried child who at the time is:
- below 18 years of age;
- if above 18 years of age, is in receipt of full time education or is under articleship or indenture in trade or profession; or
- is physically or mentally disabled (relief for physically or mentally disabled child is RM 5,000.00).
- 12) I am going to retire from civil service, how do I obtain my income tax clearance certificate?
You may contact the Assessment Branch where your income tax file is registered and bring along your Form CP 22 B (Notice of Cessation of Employment) that has been completed by your employer. Please ensure that your employer forwards the Form CP 22 B to the relevant IRB Assessment Branch, 6 months prior to your retirement.
- 13) I run a provision shop and from time to time sell provisions at the night market. Can I pay my income tax through the Monthly Tax Deduction (MTD) scheme?
No, the MTD is strictly for person (s) under employment contract only. If you are in business or are self -employed, you can pay your tax through the bi-monthly installment payment scheme. If you are not in the installment scheme, you will have to settle your tax liability within 30 days from the date of the Notice of Assessment (Form J).
- 14) Would a penalty be imposed if I delay the submission of my return form?
Yes, a penalty will be imposed if there is a delay in the submission of the return form. All return forms must be submitted within 30 days from the date stated on the form or a period that has been stipulated.
- 15) If I pay zakat or fitrah, can I make a claim to off-set it against the tax payable?
Yes, you may if you are a Muslim. You have to forward the original receipts, which are on your name, to substantiate your claim. These payments constitute a rebate on your tax payable.
- 16) If I make a approved donation to the mosque's fund, can I make a claim for deduction from my tax?
You may make a claim for deduction for the donation made but the donation must be made to a body or fund approved by the Director General. The approval (gazette notification) will be stated on the receipt.
SQL Payroll - Best Payroll Software Malaysia capable of handling The Most Complex PCB, BIK, And Payroll Requirements
SQL Payroll is compliant with all Income Tax PCB rules and requirements.
PCB contribution are automatically calculated and abides with the latest rules and rates that are set by LHDN.
our Income Tax CP39 & CP39A forms are ready for printing and can be printed for filling purpose, or for e-payments submission, SQL Payroll is compliant with all bank formats. Sql Payroll is the only software that you’ll ever need to process payroll.
100% Accurate on PCB Calculation
SQL Payroll software has 100% accuracy for PCB calculation. SQL Payroll uses the latest formulas for the calculation. Hence, all PCB calculations are in line with LHDN’s own online pcb calculator.
Automate Tax Category
SQL Payroll software will automatically assign the correct tax category for you according to the personal details that you have keyed in. Distinctive tax category are assigned based on an employees’ marital status and number of children & others.
Benefit in Kind
Benefit-in-kind are benefits that employees receive from their employers. Examples of benefits are Motorcar, Value of Living Accommodation (VOLA) and etc. Employers can process benefit in kind prior to processing the routine payroll using SQL Payroll system.
Optional Tax Relief
You can also declare certain expenditures for optional tax relief. Expenditures that are valid for optional tax relief are medical expenses for parents, personal medical expenses, education, child education saving, and life insurance. You can insert all this record in SQL Payroll.
What is CP 38?
CP38 is an instruction for a monthly salary deduct issued by LHDN. Employers make additional deductions from employee’s salary towards the settlement of the employee’s income tax arrears. CP38 is useful in terms of easing the burden of taxpayers. Instead of paying a large sum or money in one go, CP38 is less drastic and less of a financial burden. In SQL Payroll, employers can set for an auto deduction on employee’s wages after receiving instructions from LHDN with simple finger clicks..
e Payment Submission
SQL Payroll also comes with proper formatted documents that are ready to use when it comes to performing e-payment submissions for Income tax. Documents that are ready for online submissions are CP 39 , CP 39 A, CP 38, Income tax Lampiran B (PCB Audit) .
Comprehensive Income Tax Report
SQL Payroll has a full, complete library of income tax reports that are readily available to be used.
Unlimited monthly free payroll software training and responsive support team
No worries if you are new with our system! We provide free payroll software training every month. Contact us to find out more! Our technical support team is fully trained and equipped to assist you via phone, email, and remote access.
SQL Payroll software Favoured Features
Certified by Statutory bodies & 100% accurate
electronic submission & e-Payment ready
Batch email payslip
Comprehensive management reports
Unlimited year records
E Leave mobile app
Tutorial Video
E-PCB Manual
e-Data PCB submission is so easy
Pay more tax in 2019. Tax relief decrease, monthly PCB increase
