UBS Payroll Software » Others

ID #1451

Bonus PCB

Description

Below Solution for wrong bonus  PCB was generated by the system (RM45 instead of RM276).

 

- Basic Rate RM 2500; Tax category K1B; Bonus RM 5000.

 

Solution

It’s not wrong! The PCB generated by the  system  is correct  and in accordance with Scheduler Tax

Deduction (STD) guide. Observe  the  calculation steps  carefully:

 

a.Determine the  tax deduction on monthly remuneration (excluding Bonus) Monthly Remuneration                                                          RM 2,500

 

Less: EPF                                           RM 275*

 

Nett Remuneration                        RM 2,225  (Not subject to STD)

 

The STD amount for Step a) is deemed as RM 21

 

 

b.(1/12 x Net Bonus) + Monthly net  remuneration.

Bonus                                                    RM 5,000

Less: EPF                                            RM  225* (RM 500 - RM 275) Net bonus                     RM 4,775

 

(1/12 x RM 4,775)  = RM 397 + RM 2,225  = RM 2,622

 

 

c.Determine the  tax deduction on b.

STD on RM 2,622  = RM 23

 

d. (c - a) x 12

(RM 23 —  RM 21) = RM 2 x 12 = RM 24

 

e.Total amount of tax to be deducted in the  month  that  Bonus is paid will be (a+d) RM 21 + RM 24 = RM 45

 

Note: * Maximum EPF to calculate the  PCB is RM 500 per month


Tags: Bonus PCB

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Last update: 2010-11-17 08:15
Author: Noor Diyana
Revision: 1.0

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