Income tax calculation

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8 years 3 months ago #45 by LIM MENG SI
My monthly salary is RM 3k, and I get my bonus this month also.
But the tax figure on Payroll.my is differ with IRB PCB calculator.
So which should I follow to pay IRB?
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8 years 3 months ago - 8 years 3 months ago #46 by Kap-Chew
Replied by Kap-Chew on topic Income tax calculation
Hi Meng Si,

If you are using IRB's calculator, then you should follow the tax calculated by the IRB calculator.

The difference between Payroll.my calculator and IRB calculator in your case, is that for Payroll.my, it will assume that your Bonus also contributes to EPF, which is a regulatory requirement. However, from your attached image of the IRB calculator, it seems like your Bonus is not subject to EPF, that's why you have to pay more for your tax.
Last edit: 8 years 3 months ago by Kap-Chew.

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8 years 3 months ago #49 by Universal
Replied by Universal on topic Income tax calculation
HI Kap Chew,


I am calculate my salary today, is THE PCB table 2014 schedule already update in the system, try to refer my attachment, there's a new calculation. appreciate your prompt reply.

thanks

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8 years 3 months ago #50 by Kap-Chew
Replied by Kap-Chew on topic Income tax calculation
I can's locate your attachment, is there any attachment in your reply?

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8 years 3 months ago #51 by Universal
Replied by Universal on topic Income tax calculation
Hi Kap Chew,

Pls refer to this link - pcb table 2014


www.hasil.gov.my/pdf/pdfam/Jadual2014.pdf
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8 years 2 months ago #53 by Kap-Chew
Replied by Kap-Chew on topic Income tax calculation
Thanks, I will see what I can do later ^_^

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