Calculate Monthly PCB, EPF, SOCSO, EIS Deductions

Salary (RM): 2
Bonus (RM): 3, 8

Salary Options:

Tax Category:
Tax Resident:
Calculate For: 3
PCB (MTD)/ SOCSO: 4
Allowable Deduction: 5
Employee EPF Rate: 6
Employer EPF Rate:
SOCSO Category: 7
EIS Contribution:
Muslim Zakat Fund:

Note:

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Click to enlarge Payslip image

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2. Employee Salary plus any other allowances.

3. Calculation for bonus tax:
  • If you wish to ONLY calculate the PCB for bonus of an employee with monthly salary, you will still need to enter the monthly salary of the employee even if the bonus is paid at a different date. This will calculate the combined tax for both salary and bonus in the payslip, after that you may deduct the tax of the monthly salary component to get the bonus-only tax. E.g. if monthly salary is RM 5,000, with a yearly bonus of RM 5,000, then for an employee who is not married, the combined tax for both salary and bonus is RM 650. For the same employee, monthly PCB for salary alone will be RM 130, so the tax for bonus is RM 650 - RM 130 = RM 520.
  • Alternatively, you may change the Calculate For option to Bonus Only, this will show the exact amount of statutory contributions for the bonus component only.
4. Statutory contribution schedules: 5. Examples of Allowable Deduction are:
  • EPF contributions tax relief up to RM4,000 (this is already taken into consideration by the salary calculator)
  • Life insurance premiums and takaful relief up to RM3,000
  • National Education Savings Scheme (SSPN) relief up to RM8,000
  • Education and Medical Insurance up to RM 3,000
  • Tax Deduction For Lifestyle up to RM 2,500
  • Medical Treatment, Special Needs or Carer Expenses of Parents up to RM 5,000
  • Higher Education Fees (Self) up to RM 7,000
  • or other approved deductions
6. KWSP - EPF contribution rates:
  • For employees who receive wages/salary of RM5,000 and below, the portion of employee's contribution is 11% of their monthly salary while the employer contributes 13%. For employees who receive wages/salary exceeding RM5,000 the employee's contribution of 11% remains, while the employer's contribution is 12%.
  • The minimum Employers’ share of EPF statutory contribution rate for employees above age 60 who are liable to contribute will be reduced to four (4) per cent per month, while the Employees’ share of contribution rate will be zero per cent.
  • Wages or Salary Payment Subject to EPF Contribution
7. PERKESO: Wages or Salary Payment Subject to SOCSO Contribution

8. Calculation of yearly income tax for 2019:
  • If you need to check total tax payable for 2019, just enter your estimated 2019 yearly income into the Bonus field (leave Salary field empty), and enter whatever allowable deductions for current year to calculate the total amount of tax for current year.
9. Official PCB Calculator from LHDN / Hasil: Kalkulator PCB - Lembaga Hasil Dalam Negeri

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