PCB Calculator 2023 Malaysia

PCB Calculation Formula:

\[ PCB = \frac{(P - M) \times R + B - (Z + X + Q)}{n + 1} \]

P (Accumulated Chargeable Income, RM):

M (Deduction from Table, RM):

R (Rate, %):

B (Amount from Table, RM):

Z (Zakat, RM):

X (Accumulated PCB, RM):

Q (Other Deductions, RM):

n (Remaining Months):

Monthly PCB (RM):

Unit Converter ▲

Unit Converter ▼

From:	To:

1. What is PCB Calculator 2023 Malaysia?

Definition: This calculator computes the Monthly Potongan Cukai Bulanan (PCB) or Monthly Tax Deduction for Malaysian employees in 2023.

Purpose: It helps employers and employees determine the correct monthly tax deduction amount based on the latest Inland Revenue Board of Malaysia (LHDN) guidelines.

2. How Does the Calculator Work?

The calculator uses the formula:

\[ PCB = \frac{(P - M) \times R + B - (Z + X + Q)}{n + 1} \]

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 rates, previous deductions, and remaining months in the year.

3. Importance of PCB Calculation

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

4. Using the Calculator

Tips: Enter all required values (P, M, R, B, n) and optional deductions (Z, X, Q). Values must be ≥ 0. The calculator will determine your monthly PCB amount.

5. Frequently Asked Questions (FAQ)

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

Q2: What if my PCB calculation is negative?
A: The calculator will show 0 as PCB cannot be negative (no tax refunds through monthly deductions).

Q3: How do I determine remaining months (n)?
A: Count months remaining in the calendar year from the current month (e.g., July = 6 remaining months).

Q4: Are zakat payments fully deductible?
A: Yes, zakat payments can be deducted from your tax calculation if paid to approved institutions.

Q5: When should I recalculate PCB?
A: Recalculate when there are significant changes to salary, bonuses, deductions, or at least quarterly for accuracy.