1. What is PCB Calculator for Malaysia 2023?

Definition: This calculator estimates monthly PCB (Potongan Cukai Bulanan) deductions for Malaysian employees based on the official 2023 tax formula.

Purpose: It helps employers and employees calculate accurate monthly tax deductions in compliance with LHDN (Inland Revenue Board of Malaysia) requirements.

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 paid (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 the chargeable income, applicable tax rates, previous deductions, and remaining months.

3. Importance of PCB Calculation

Details: Accurate PCB calculation ensures proper tax withholding, avoids underpayment penalties, and helps with personal financial planning.

4. Using the Calculator

Tips: Enter all required values from your salary information and tax tables. The calculator will determine your monthly PCB deduction.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find the M and B values?
A: These values come from the official LHDN PCB tax tables based on your income range and tax category.

Q2: What if my PCB calculation is negative?
A: The calculator will show RM0.00 as PCB cannot be negative (no tax refunds through monthly deductions).

Q3: How often should I recalculate PCB?
A: Recalculate whenever there's a significant change in salary, bonuses, or deductions.

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 for official calculations.