

Education and Medical Insurance up to RM 3,000.National Education Savings Scheme (SSPN) relief up to RM8,000.Life insurance premiums and takaful relief up to RM3,000.EPF contributions tax relief up to RM4,000 ( this is already taken into consideration by the salary calculator).

Alternatively, you may change the Calculate For option to Bonus Only, this will show the exact amount of statutory contributions for the bonus component only.For the same employee, monthly PCB for salary alone will be RM 130, so the tax for bonus is RM 650 - RM 130 = RM 520. if monthly salary is RM 5,000, with a yearly bonus of RM 5,000, then for an employee who is not married, the combined tax for both salary and bonus is RM 650. This will calculate the combined tax for both salary and bonus in the payslip, after that you may deduct the tax of the monthly salary component to get the bonus-only tax. 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.
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Employee Salary plus any other allowances. Most importantly, new features are being added every month for FREE!Īs it stands now in Jan 2020, tens of thousands of Malaysian employers (with hundreds of thousands of employees) have already discovered the best ways to improve employee productivity and collaboration on HR.my without spending a single cent!Ģ.
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