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EPF & Income tax/PCB calculation

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4 years 3 months ago #131 by JasonYeo
JasonYeo created the topic: EPF & Income tax/PCB calculation
Dear all

Just wonder if anyone could help advise below:-

Eg. Gross mthly salary = RM 12000
Nett mthly salary (take home salary) = ???

base on latest EPF & income tax rate in m'sia. Single with no children.

Would appreciate if you could share steps by steps calculation on how to arrive at the nett mthly salary

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4 years 3 months ago - 4 years 3 months ago #132 by Kap-Chew
Kap-Chew replied the topic: EPF & Income tax/PCB calculation
Hi Jason,

You may get the result from the payroll calculator here: http://payroll.my/

From the payroll calculator , your take home salary should be:

RM 8882.75

==========

Salary: 12000.00
Bonus: 0.00
Net Salary: 8882.75

Statutory contribution:
EmployerEmployeeSub-Total
EPF:1440.001320.002760.00
SOCSO:51.6514.7566.40
Tax:1782.501782.50
Total:1491.653117.254608.90
Last Edit: 4 years 3 months ago by Kap-Chew.

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4 years 1 month ago - 4 years 1 month ago #136 by Sichiri
Sichiri replied the topic: EPF & Income tax/PCB calculation
Hello,

I have a monthly salary of RM3600, plus RM400 as shift allowance and RM40 parking allowance.

This month, I was given RM810 as a KPI bonus from my company. But when I saw the payslip, I was also charged with a RM531 employee tax at that month.

Feeling something amiss, I asked the HR and was given the attached E-PCB calculations as proof.

(see attachment)

I have used the calculator on the main page and got the net salary result as 4190.10 (salary 4040, bonus 810) But the amount I got is only 3772

Could someone kindly explain what happened?
Last Edit: 4 years 1 month ago by Sichiri.

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4 years 1 month ago #137 by Kap-Chew
Kap-Chew replied the topic: EPF & Income tax/PCB calculation
Hi Sichiri,

The difference is because from the E-PCB calculation, your accumulated earnings have been taken into account, while the our payroll calculator only helps to estimate standard PCB based on standard PCB deduction table.

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