1. What is PCB Calculator 2023?

Definition: This calculator estimates Monthly Tax Deduction (PCB/MTD) based on 2023 Malaysia tax rates.

Purpose: Helps employees and employers calculate monthly tax deductions according to LHDN guidelines.

2. How Does the Calculator Work?

The calculator uses the official 2023 PCB tax tables from LHDN, considering:

• Monthly gross income
• Marital status (Single/Married)
• Number of eligible children
• Standard tax reliefs and deductions

3. Importance of PCB Calculation

Details: Accurate PCB calculation ensures compliance with tax laws, prevents under/over deductions, and helps with financial planning.

4. Using the Calculator

Tips: Enter your monthly gross income, select marital status, and number of children. The calculator will estimate your monthly tax deduction.

5. Frequently Asked Questions (FAQ)

Q1: What income should I enter?
A: Enter your gross monthly income before any deductions.

Q2: How are children counted for relief?
A: Maximum relief for 5 children (RM20 per child monthly).

Q3: Does this include EPF deductions?
A: This is a simplified calculator. Actual PCB calculation may consider EPF and other deductions.

Q4: Is this calculator official?
A: No, for official calculations please refer to LHDN's official PCB calculator.

Q5: What if my income varies monthly?
A: PCB is calculated based on current month's salary. Variable income may require manual adjustment.