What is CP39?
CP39 is a statement of monthly tax deduction (PCB) need to submit to LHDN Malaysia every month by every employer, effective 01 Sept 2019 IRB Malaysia no longer accept a manual CP39 Form, employer is required to submit thru e-PCB, e-Data-PCB or e-CP39.
How much is PCB deduction in Malaysia?
For a non-resident employee in Malaysia, the net PCB should be 28% of his or her salary. Example: Total monthly remuneration = RM 5000.00. Net PCB = RM 5000.00 x 28%
How do I check my PCB deduction?
Annual taxable income – Deductions = Annual chargeable income. Total yearly tax is then calculated on the annual chargeable income. PCB = (Total yearly tax – PCB already paid)/Number of months remaining.
Is CP39 same as PCB?
What is e-CP39? e-CP39 is a method for employers to send employees’ Monthly Tax Deduction (PCB) data and pay online. This system is specifically used by the employer who did not have a computerised payroll system.
How do employers pay for PCB?
PCB payment should be made with the submission of Form CP39 (statement of monthly tax deduction)….1. Online via the above portals through FPX if you have an account with one of these banks:
- Bank Islam.
- CIMB Bank.
- Hong Leong Bank.
- Public Bank.
- RHB Bank.
How is monthly PCB deduction 2020 calculated?
How to calculate PCB
- Calculate annual chargeable income: total annual income – eligible tax reliefs and deductions.
- Calculate annual tax based on chargeable income and current tax rates.
- Calculate monthly PCB by dividing annual tax by 12.
What is PCB amount?
Overview. PCB stands for “Potongan Cukai Bulanan” which is Malay for “Monthly Tax Deduction”. It is a series of monthly deductions that go towards payment of your taxes in relation to your employment income. These monthly deductions are retained by your employer and paid over to the Inland Revenue Board (LHDN).
Is PCB same as income tax?
What is PCB? PCB (Potongan Cukai Berjadual or Monthly Tax Deductions) is an income tax deduction mechanism from employee’s current monthly remuneration (salaries). These deductions are intended to reduce the employee’s burden to pay in one lump sum when the actual tax is ascertained.