UBS Payroll Software » Others

ID #1452

Bonus PCB

Description

Below solution shows  the  way of PCB generated by the  system  was RM 9,476  instead of RM 10,424.

Basic Rate RM 4,100  (subject to EPF, SOCSO, PCB)

Director Fee RM 60,000  paid once  a year (subject to EPF, Socso,  PCB) Allowance RM 1,000  (subject to EPF, PCB)

 

Solution

The difference in PCB is caused by the  setting “Do not adjust the Bonus PCB/Comm.PCB/ Dir.PCB on 2nd half” (Housekeeping—Setup—Parameter Setup, control page).

 

When this option is checked, total PCB will be RM 9476 (Case A) where  director fee PCB is calculated based on Basic Rate only; otherwise total PCB will be RM 10424  (Case B) where  director fee PCB is calculated based on Monthly Remuneration (including basic rate,  allowances, OT). Observe  the following steps  carefully:

 

 

Case A:

 

Monthly Remuneration PCB Calculation (excluding Director Fee) Monthly Remuneration          = RM 4,100  + RM 1,000  = RM 5,100

Less: EPF                     RM  500*

 

RM 4,600

 

STD on RM 4,600  = RM 176

 

 

Director Fee PCB Calculation

a.         Determine the  tax deduction on Basic Rate

Basic Rate                         RM 4,100

 

Less: EPF                           RM  451*

 

Nett basic rate                 RM 3,649

 

STD on RM 3,649 = RM 65

 

b.         (1/12 x Nett Director Fee) + Monthly nett  basic rate.

Director Fee                      RM 60,000

 

 

Less: EPF                           RM   49* (RM 500 - RM 451)

 

RM 59,951

 

(1/12 x RM 59,951)  = RM 4,995.91 + RM 3,649  = RM 8,644.91

 

c.         Determine the  tax deduction on b.

STD on RM 8,644 = RM 840

 

d.         Total tax to be deducted in the  month  that  Director Fee is paid will be (c - a) x 12 (RM 840 —  RM 65) = RM 775 x 12 = RM 9,300

 

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

 

Total Monthly Remuneration PCB = RM 176 + RM 9,300  = RM 9,476

 

 

 

Case B:

 

Monthly Remuneration PCB Calculation (excluding Director Fee) Monthly Remuneration          = RM 4,100  + RM 1,000  = RM 5,100

Less: EPF              RM  500* RM 4,600

STD on RM 4,600  = RM 176

 

Director Fee PCB Calculation

 

a.         Determine the  tax deduction on monthly remuneration

Monthly Remuneration                  RM 5,100

 

Less: EPF                                           RM  500*

 

Nett Remuneration                        RM 4,600

 

STD on RM 4,600 = RM 176

 

b.         (1/12 x Nett Director Fee) + Monthly nett  remuneration.

Director Fee                                       RM 60,000

Less: EPF                                           RM             0* RM 60,000

 

(1/12 x RM 60,000)  = RM 5,000  + RM 4,600  = RM 9,600

 

c.         Determine the  tax deduction on b.

STD on RM 9,600 = RM 1,030

 

d.         Total tax to be deducted in the  month  that  Director Fee is paid will be (c - a) x 12 (RM 1,030  —  RM 176) = RM 854 x 12 = RM 10,248

 

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

 

Total Monthly Remuneration PCB = RM 176 + RM 10,248  = RM 10,424

 

 

 

 

 

 

 

Tags: Bonus PCB

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Last update: 2010-11-17 08:24
Author: Noor Diyana
Revision: 1.0

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