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Talks on career and job opportunities, payroll problems and advices.
EPF & Income tax/PCB calculation
10 years 3 months ago #131
by JasonYeo
EPF & Income tax/PCB calculation was created by JasonYeo
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
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
10 years 3 months ago - 10 years 3 months ago #132
by Kap-Chew
Replied by Kap-Chew on topic EPF & Income tax/PCB calculation
Hi Jason,
You may get the result from the payroll calculator here: 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:
You may get the result from the payroll calculator here: 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:
| Employer | Employee | Sub-Total | |
| EPF: | 1440.00 | 1320.00 | 2760.00 |
| SOCSO: | 51.65 | 14.75 | 66.40 |
| Tax: | 1782.50 | 1782.50 | |
| Total: | 1491.65 | 3117.25 | 4608.90 |
Last edit: 10 years 3 months ago by Kap-Chew.
10 years 1 month ago - 10 years 1 month ago #136
by Sichiri
Replied by Sichiri on 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?
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: 10 years 1 month ago by Sichiri.
10 years 1 month ago #137
by Kap-Chew
Replied by Kap-Chew on 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.
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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