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Employer EPF & PCB Deduction

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8 years 2 weeks ago #603 by Richard
Hi KC,

Just a quick check on how you derive the Employer EPF contribution and the PCB deduction for the employee. Please find attached the sample that I have, the basic salary is RM14k.

Employee is keyed in as 'Single' hence should fall under category 1

According to the EPF contribution table, Employer should contribute RM1680, and Employee RM1540. In HR.my, the employee portion is correct, but the employer portion is RM1820
According to the PCB table, by right the PCB should be RM14,000-RM1,540=RM12,460 to look up, which is RM1,802.05. In HR.my, the PCB is shown as RM2,051.65.

Please help to clarify.

Thank you!
Richard
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8 years 2 weeks ago #604 by Kap-Chew
Hi Richard,

1. For EPF, can you please go to Employee->Management->View->Salary and check what your's employer contribution rate? Without knowing your selected rate I can't really comment here.

2. For PCB, maximum deductible EPF and Insurance allowance is 6000RM per year, which is equivalent to RM 500 per month. Hence if your monthly contribution is more than RM 500, you can only deduct RM 500 instead of your contributed sum.
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