Explore articles dedicated to Monthly Tax Deduction (PCB) in Malaysia. From understanding tax brackets to calculating monthly deductions, this collection provides valuable insights to ensure accurate tax compliance for your employees.
Why does my PCB contribution fluctuate by a few cents or ringgits every month?
If your employee is set to pay PCB and SOCSO/EIS then the PCB calculation changes slightly every month. The reason for this is due to the way the SOCSO and EIS employee contributions are deducted in the PCB formula: SOCSO/EIS are treated as non-recurring items in the PCB calculation (ie. happening only that particular month and not for every […]
How Do I Submit and Pay PCB?
PCB submission must be done online, while there are online and offline options for PCB payment. The following methods are available for submission: 1. Internet Banking Several banks offer bulk statutory payment services. You can use the PCB bank file generated by PayrollPanda and upload it to your bank portal to make payment. The uploaded […]
What is PCB (MTD)?
Overview PCB stands for “Potongan Cukai Bulanan” which is Malay for “Monthly Tax Deduction”. It is a series of monthly deductions that go towards payment of your taxes in relation to your employment income. These monthly deductions are retained by your employer and paid over to the Inland Revenue Board (LHDN). This mechanism is designed to […]
How to submit the PCB txt file through e-Data PCB?
You can upload the PCB txt file generated by PayrollPanda to LHDN’s e-Data PCB website to submit and pay for your employees’ PCB contributions. If you are a first-time user, you will first need to register by clicking on First Time Login. After logging into the account, click on Muatnaik/Semak Fail Teks/Upload/Check Text File. Click on Browse and select the PCB […]
What to do if an employer overpays or underpays PCB?
Overpaid Refunds are on a case by case basis. LHDN will first need to assess your situation before proceeding with the refund process. You are required to contact or visit the following office for further advice: PUSAT BAYARAN KUALA LUMPUR,ARAS TANAH BLOK 8, KOMPLEKS BANGUNAN KERAJAAN, JALAN TUANKU ABDUL HALIM, 50600 KUALA LUMPUR. TEL : 03-62091000 […]
