1. What is PCB Calculator 2024 LHDN?

Definition: This calculator determines the monthly PCB (Potongan Cukai Bulanan) deduction for Malaysian employees based on LHDN's 2024 tax scheme.

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

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( P \) — Accumulated chargeable income (RM)
• \( M \) — Deduction from LHDN table (RM)
• \( R \) — Tax rate (%)
• \( B \) — Amount from LHDN 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, tax rates, previous deductions, and remaining months.

3. Importance of PCB Calculation

Details: Accurate PCB calculation ensures compliance with LHDN regulations, prevents under/over taxation, and helps in financial planning.

4. Using the Calculator

Tips: Enter all required values from your EA form or monthly payslip. Refer to LHDN's latest tax tables for M and B values.

5. Frequently Asked Questions (FAQ)

Q1: Where do I find M and B values?
A: These values come from LHDN's PCB tables based on your tax category and chargeable income.

Q2: What if my PCB result is negative?
A: The calculator will show 0 as PCB cannot be negative (you've paid more than required).

Q3: How often should I recalculate PCB?
A: Recalculate whenever there's a significant change in income, deductions, or at least quarterly.

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

Q5: What's the typical n value?
A: 12 for January, decreasing by 1 each month (e.g., 6 in July).