Pcb Calculation For Bonus
Let say your monthly salary is rm3 000 you are contributing 11 from your salary to your epf savings and you received 1 month bonus in january 2011.
Pcb calculation for bonus. Bonus pcb calculation issues in our our research on pcb calculation using the mtd schedule we found conflicting explanations online on how to calculate bonus pcb. Use form cp 39 for january mtd of rm 292 30. If you wish to only calculate the pcb for bonus of an employee with monthly salary you will still need to enter the monthly salary of the employee even if the bonus is paid at a different date.
The potongan cukai bulanan pcb a k a. Most of the examples available are actually out of date. The more bonus you get the higher pcb it is.
Non contractual bonus on the other hand non contractual bonus means the employer can withdraw or cancel it at any time before the actual payment of the bonus without legal consequences. Rujuk nota penerangan jadual pcb untuk penerangan lanjut saraan tambahan. Pcb deductions are based on a table by lhdn on a monthly basis together with those info such as single etc.
Therefore on the month where bonus is issued combine with the standard monthly salary the pcb will suddenly jump up quite high. If due to cash flow problems the bonus is not paid until 2 jan 2020 the bonus will still be taxed in ya 2020 as the employees become entitled to the bonus on 31 jan 2019. The potongan cukai bulanan pcb calculation for bonus is not that straight forward.
Here s how pcb for bonus is calculated. Scheduled monthly tax deduction calculation for bonus is not so straight forward. Companies may use either method.
Gratuity the following cases are fully exempted and computation for std is not required retirement gratuity. Over the years the rules for calculating additional income has also changed. Assuming you are not married your monthly salary is rm4 000 you are contributing 11 from your salary to your epf savings and you received 2 months bonus in january 2010.
A bonus b tunggakan c komisen tidak dibayar setiap bulan d ganjaran e pampasan f yuran pengarah tidak dibayar setiap bulan g cukai pendapatan yang dibayar oleh majikan bagi pihak pekerja h lain lain i. Calculation for bonus tax. Paling sesuai menggunakan ie.
Hak cipta terpelihara unit e apps bahagian aplikasi e services lembaga hasil dalam negeri. Mtd for bonus year 2010. For a more accurate calculation there are two ways that pcb is calculated.
