1. What is PCB Calculator 2024 Malaysia?

Definition: This calculator computes monthly PCB (Potongan Cukai Bulanan) deductions for Malaysian employees based on the official 2024 tax formula.

Purpose: It helps employers and employees estimate monthly tax deductions to ensure proper tax compliance.

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 chargeable income, 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 fields (P, M, R, B, n). Optional fields (Z, X, Q) default to 0 if left blank. All monetary values in RM.

5. Frequently Asked Questions (FAQ)

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

Q2: What's included in other deductions (Q)?
A: This can include tax reliefs, rebates, or any other allowable deductions not already accounted for.

Q3: How is remaining months (n) determined?
A: Count how many months remain in the calendar year from the current month (e.g., June = 6 remaining months).

Q4: Why might my PCB be zero?
A: If deductions exceed your taxable amount, or if you've already paid sufficient PCB earlier in the year.

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