You can now download our new Free PCB Calculator enhanced with full payroll functions. Use this new Payroll calculator software to easily calculate your monthly PCB as well as EPF, SOCSO and EIS.
The PCB calculator function in this software does not follow the calculations provided by the LHDN Online PCB Calculator 2018 (PCB Kalkulator LHDN) found at calcpcb.hasil.gov.my. This software instead uses the PCB Table (SCHEDULE OF MONTHLY TAX DEDUCTION) provided by LHDN for users who do not use a payroll software, but do their monthly payroll calculations manually.
Calculating monthly PCB income tax is quite easy, but PCB tax calculations calculations for Bonus and Additional Remuneration is much more difficult. Calculating the Bonus PCB tax using these two methods, especially the manual method is quite complicated.
We have received queries from many clients who are not sure how to calculate PCB, especially Bonus PCB Calculations. This Free Payroll Calculator software was developed to make this process easy for those who do not have a payroll software.
Note : POTONGAN CUKAI BULANAN (PCB) is the Malay word for MONTHLY TAX DEDUCTION (MTD), but PCB is the more popular term in Malaysia.
Free PCB Calculator Desktop Application
To make it easier for those who want to check their PCB calculations, we used to provide a free PCB Calculator Windows Software. This software was designed to only calculate the PCB and EPF values. Based on feedback and requests from our users, we have made it even easier, by providing a full Payroll Calculator which includes calculations for EPF, SOCSO, EIS and PCB.
This payroll calculator software is designed to give the same results as the SCHEDULE OF MONTHLY TAX DEDUCTION provided by LHDN. Just enter the right values and you will get the results immediately. It is especially useful for calculating Bonus PCB.
How to use the free Payroll Calculator
This software is very easy to use. Just choose the parameters for Marital Status, number of Children and EPF Rate. Enter the Basic salary and Allowances and click Calculate. That is all!
If you need to calculate the PCB Bonus also, just enter the Bonus amount. The Payroll calculator will calculate and give the result for PCB Bonus separately. Please note that Bonus PCB and Additional remuneration PCB are calculated in the same way.
Please note that this software does not give the same results as the PCB Online Calculator and instead uses the SCHEDULE OF MONTHLY TAX DEDUCTION provided by LHDN. This is because to get the same results as the PCB Online Calculator, the user needs to input the Year to date (YTD) values of salaries and deductions. This would make the software much more complicated and difficult to use. This feature is available in the commercial version of Actpay Payroll.
The LHDN PCB Online Calculator is found at : http://calcpcb.hasil.gov.my
The SCHEDULE OF MONTHLY TAX DEDUCTION (MTD) can be downloaded from : MTD Schedular 2018