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BENEFIT IN KIND - LINKING WITH PAYROLL
8 years 2 months ago #564
by Universal
Replied by Universal on topic BENEFIT IN KIND - LINKING WITH PAYROLL
SALARY RM 15K, PCB FOR MARRIED WITH 1 CHILD IS RM 2171.65 ,net income on hand shall be RM11163.60 by using the system your provide
BUT IF SALARY RM 15K with BIK car is RM 750 per month ( I want to add this RM 750 in to calculate the pcb without paying the staff) , only appear in payslip RM 750 ( how much pcb ??)
it shall be total pcb salary RM 2171.65 + ???( RM 750 pcb ) , net income shall be RM 11163.60 - ???( RM 750 pcb)= total on hand
appreciate your prompt reply
BUT IF SALARY RM 15K with BIK car is RM 750 per month ( I want to add this RM 750 in to calculate the pcb without paying the staff) , only appear in payslip RM 750 ( how much pcb ??)
it shall be total pcb salary RM 2171.65 + ???( RM 750 pcb ) , net income shall be RM 11163.60 - ???( RM 750 pcb)= total on hand
appreciate your prompt reply
8 years 2 months ago - 8 years 2 months ago #565
by Kap-Chew
Replied by Kap-Chew on topic BENEFIT IN KIND - LINKING WITH PAYROLL
Er... I think this situation is not handled now. The only way I can think of is:
- Go to Payroll.my to calculate 15K + 750 PCB, let's say it's X amount. Then use this X - 2171.65 = Y amount (PCB for the 750 BIK)
- In HR.my, set up a Tax of BIK as Variable Deduction and uncheck Tax, SOCSO and EPF options.
- During salary processing, add this Tax of BIK item to the employee's income, and set the amount to Y.
Hope that helps, for now.
- Go to Payroll.my to calculate 15K + 750 PCB, let's say it's X amount. Then use this X - 2171.65 = Y amount (PCB for the 750 BIK)
- In HR.my, set up a Tax of BIK as Variable Deduction and uncheck Tax, SOCSO and EPF options.
- During salary processing, add this Tax of BIK item to the employee's income, and set the amount to Y.
Hope that helps, for now.
Last edit: 8 years 2 months ago by Kap-Chew.
8 years 2 months ago #566
by Universal
Replied by Universal on topic BENEFIT IN KIND - LINKING WITH PAYROLL
Dear Kap
if I go to payroll to calculate, there's a mistake as it will calculate the epf for RM 750.
RM 750 is independent amount , only need to calculate how much pcb
only RM 15K need to deduct epf , social and come out the pcb amount
however, we need to calculate together the salary RM 15K + 750 then only get the pcb amount
variable deduction , there's not box to click tax . socso & epf , only present and active box
waiting for your advise
if I go to payroll to calculate, there's a mistake as it will calculate the epf for RM 750.
RM 750 is independent amount , only need to calculate how much pcb
only RM 15K need to deduct epf , social and come out the pcb amount
however, we need to calculate together the salary RM 15K + 750 then only get the pcb amount
variable deduction , there's not box to click tax . socso & epf , only present and active box
waiting for your advise
8 years 2 months ago #567
by Kap-Chew
Replied by Kap-Chew on topic BENEFIT IN KIND - LINKING WITH PAYROLL
I know, but you just have to ignore the rest of the Statutory contribution. For Tax purpose, only a max of RM600 from EPF is deductible, hence for a salary of 15K this won't matter at all, it's already well beyond that limit. What matters is the tax figure calculated for the combine basic 15K + the BIK of 750.
8 years 2 months ago #568
by Universal
Replied by Universal on topic BENEFIT IN KIND - LINKING WITH PAYROLL
dEAR KAP,
I NOT SO UNDERSTAND, CAN YOU BRIEF DEEPLY STEP BY STEP
I WILL TEST AGAIN
I NOT SO UNDERSTAND, CAN YOU BRIEF DEEPLY STEP BY STEP
I WILL TEST AGAIN
8 years 2 months ago #569
by Kap-Chew
Replied by Kap-Chew on topic BENEFIT IN KIND - LINKING WITH PAYROLL
1. Please don't use ALL CAP.
2. As I said, I can offer a little suggestion trying to help only. I can't explain further as I am not a tax expert too. What I am suggesting has been posted in my previous reply, and the logic is to find out the combined Tax for both basic salary plus BIK. Ignore the EPF calculated on Payroll.my, as it's not of any concern. Then follow the suggestion that I posted before to see if you get the result.
Hope that this helps you.
2. As I said, I can offer a little suggestion trying to help only. I can't explain further as I am not a tax expert too. What I am suggesting has been posted in my previous reply, and the logic is to find out the combined Tax for both basic salary plus BIK. Ignore the EPF calculated on Payroll.my, as it's not of any concern. Then follow the suggestion that I posted before to see if you get the result.
Hope that this helps you.
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