1. What is Jeremy PCB Calculator 2024?

Definition: This calculator computes the Monthly Tax Deduction (PCB) for Malaysian employees in 2024 using the Jeremy method.

Purpose: It helps employees and employers accurately calculate monthly tax deductions based on current tax rates and regulations.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( P \) — Accumulated chargeable income (RM)
• \( M \) — Deduction from tax table (RM)
• \( R \) — Tax rate (%)
• \( B \) — Amount from tax table (RM)
• \( Z \) — Zakat (RM)
• \( X \) — Accumulated PCB paid (RM)
• \( Q \) — Other deductions (RM)
• \( n \) — Remaining months in the year

Explanation: The formula calculates the monthly tax deduction by considering taxable income, tax rates, and various deductions spread over the remaining months.

3. Importance of Accurate PCB Calculation

Details: Proper PCB calculation ensures compliance with LHDN regulations, prevents under/over payment of taxes, and helps in financial planning.

4. Using the Calculator

Tips: Enter all required values from your salary information and tax tables. Zakat, accumulated PCB, and other deductions are optional (default to 0).

5. Frequently Asked Questions (FAQ)

Q1: Where do I find the M, R, and B values?
A: These values come from the official LHDN tax tables for 2024 based on your income range and category.

Q2: What if my PCB calculation is negative?
A: The calculator automatically sets negative results to 0 as you can't have negative tax deductions.

Q3: How often should I recalculate my PCB?
A: Recalculate whenever your salary changes significantly or at least quarterly to account for changes in n (remaining months).

Q4: Does this include tax reliefs?
A: Reliefs should be accounted for in your chargeable income (P) before using this calculator.

Q5: Is this calculator official?
A: While based on official formulas, always verify with LHDN or a tax professional for official calculations.