PCB Deduction Calculator 2024

PCB Deduction Formula:

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

Accumulated Chargeable Income (P):

Deduction from Table (M):

Rate (R):

Amount from Table (B):

Zakat (Z):

Accumulated PCB (X):

Other Deductions (Q):

Remaining Months (n):

PCB Deduction (RM):

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1. What is a PCB Deduction Calculator 2024?

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

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

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 (RM)
\( X \) — Accumulated PCB (RM)
\( Q \) — Other deductions (RM)
\( n \) — Remaining months in the year

Explanation: The formula calculates the monthly tax deduction by considering 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 values from your salary and tax tables. For optional fields (Zakat, Accumulated PCB, Other Deductions), enter 0 if not applicable.

5. Frequently Asked Questions (FAQ)

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

Q2: What if my PCB calculation is negative?
A: The calculator will show 0 as you cannot have negative PCB deductions.

Q3: How do I determine remaining months (n)?
A: Count how many months are left in the calendar year from the current month.

Q4: Should I include EPF in chargeable income?
A: No, chargeable income is after EPF deductions. Use gross salary minus EPF and other allowable deductions.

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