Comprehensive Guide |
|
Reference and Task Reminder |
|
User friendly for new users |
|
No year end or month end closing |
|
Calendar based leave selection |
|
Customizable |
|
Analytical Report |
|
Software Components | Minimum System Requirements |
Operating System | Windows 95 / 98 / NT 4 / ME |
Windows 2000 | |
Windows XP | |
Processor | Pentium based processor (Recommended P166 and above) |
Memory | 32MB of RAM or more (Recommended 64 MB RAM) |
Free Disk Space | 50 MB of disk space |
Printer | Microsoft Windows compatible printer |
Networking | 100 Base-T NIC |
With the objective to estimate tax deduction more accurately?LHDNM has launched PCB 2009 calculation to replace PCB 2004 schedule. In new PCB 2009 calculation, employee who earn monthly remuneration below RM10,000 need to contribute an additional 20% of tax if compare to previous PCB schedule.
To avoid over deduction of PCB, LHDNM allows employee more tax relief along with the new tax exempted rules on certain allowances when contribute monthly PCB.
You can enter personnel tax relief at Optional Deductions tab when create monthly payroll transactions to reduce PCB contribution and ensure an accurate amount was deducted. The system will record cumulative figure of tax relief within a calendar year to avoid over claims.
You can apply tax exemption rules for certain allowance. This will help to reduce PCB contribution and ensure an accurate amount was deducted. System will record cumulative tax exempted allowance within a calendar year as some of these allowances has minimum amount exempted. Total figure of tax exempted allowance will show at EA form (Part G) and Income Tax CP8D form (Part F).
List of tax exempt allowances / perquisites / gifts / benefits
No | Subject | Restricted Amount (RM) |
1 | Petrol card, petrol allowance or travel allowance between the home and work place (up to year of assessment 2010 only) | 2400 |
2 | Petrol card, petrol allowance or travel allowance and toll card for official duties. | 6000 |
3 | Allowance or fees for parking. | - |
4 | Meal allowance. | - |
5 | Allowance or subsidies for childcare in respect of children. | 2400 |
6 | Medical benefits (include maternity expenses and traditional medicines such as ayurvedic and acupuncture) or dental benefit. | - |
7 | Employers own goods provided free of charge or at discounted value. | 1000 |
8 | Employers own services provided free or at a discount for the benefit of the employee, spouse or unmarried child. | |
9 | Telephone, mobile phone, pager and Personal Data Assistant (PDA). | - |
10 | Bills for telephone, mobile phone, pager and PDA registered in the name of the employee or employer. | - |
11 | Gift of new personal computer (up to year of assessment 2010 only). | - |
12 | Monthly broadband subscription fee registered in the name of the employer (up to year of assessment 2010 only). | - |
13 | Perquisite (whether in money or otherwise) provided to the employee pursuant to his employment in respect of:
|
2000 |
14 |
Leave passage for travel (confined only to the cost of fares for the employee and members of his immediate family):
|
3 times 3000 |
15 | Insurance premiums which are obligatory for foreign workers as a replacement to SOCSO contributions. | - |
16 | Group insurance premium to cover workers in the event of an accident. | - |
17 |
Interest subsidies for loans up to RM300,000 in respect of housing, motor vehicle and education loans. Exemption is given on existing loans and new loans. Interest exempted from tax is computed using the following formula: A x B / C
Where;
|
- |
THE ABOVE EXEMPTIONS ARE NOT APPLICABLE TO EMPLOYEES HAVING CONTROL OVER THE COMPANY, SOLE PROPRIETORS OR PARTNERS OF PARTNERSHIP BUSINESSES |
You can maintain in Employee Maintenance if your employee is a disabled person as this employee is entitle to RM6,000 tax relief.
You also can maintain in Employee Maintenance under Family Information page, if your employee's spouse is a disabled person for an additional RM3,500 tax relief if his/her spouse is not working.
Number of deductible child can be entered to enjoy child tax relief. System allows 0.5 to be maintained in No. of Tax Deductible Child if the employee claims 50% of child tax relief.
PCB 2009 formula requires previous employed monthly remunerations within a calendar year to calculate an accurate current month PCB. This information is maintained under Previous Employment Entry.
System provides PCB 2009 calculation detail for checking purpose and to show how system computes the PCB results.