Page 17 of 23
Do I need to file a tax return?
Income Threshold If you earn (after EPF deduction) a minimum of RM 34,000 annually, then you must file a tax return, unless you are exempted from doing so under the conditions set out below. PCB as Final Tax If the following conditions are satisfied, you can choose not to file a tax return as the PCB […]
Which employees can benefit from special tax incentives?
Employees who are given special tax incentives: Iskandar Knowledge Worker The Iskandar knowledge worker program is designed to encourage development in the Iskandar region in Johor. An employee under the Iskandar knowledge worker program will be taxed at a flat rate of 15%. Qualification To qualify for the knowledge worker program an employee needs at least […]
Which perquisites are tax exempt?
You are entitled to claim tax exemptions for the perquisites below, unless you have control over your employer. Benefit Details Childcare allowance in respect of children up to 12 years of age Tax exempt up to RM3,000 per year. Includes payment by the employer directly to the childcare provider. Parking rate or parking allowance Tax exempt […]
How does an employee get their income tax number?
Previously employed If you were previously employed, you may already have a tax number. You can check via https://mytax.hasil.gov.my/ under e-Daftar, fill in their details, and click Search. Not registered If you do not have an income tax number yet, please register for one either by Filling in the Online (e-Daftar) which is accessible from […]
How do I submit form E?
Every employer, as well as every company regardless of whether they have employees or not, must submit form E to LHDN. Failure to do so will result in LHDN taking action against the company’s directors. Form E should be submitted by all companies and employers by 30 April. For the filing to be complete, you […]
What tax deductions and rebates can be claimed in the year 2023?
Tax Deductions The following compulsory and optional tax deductions in the year 2023 are deducted from your annual taxable income to arrive at your annual chargeable income, based on which the amount of tax payable will be calculated. Employees can claim optional deductions by submitting form TP1 to their employer. The employer can then enter the tax […]
How and when to make HRDF Levy payments?
How do I pay HRDF levy? Login to the e-TRiS system through HRDF Portal Key in the username (MyCoID) and password then click login Click “Application” Click “Levy” Click “Form 2 E-Slip” “Payment Type” Levy *(Choose Payment for “Levy”) Arrears Interest Fill up the information needed in “Levy Payment Information” screen: Payment Type (Levy) Payment Levy For The […]
How to integrate Zoho People with PayrollPanda?
With Zoho People integration, you can sync your employees’ leave and overtime data from Zoho People into your monthly payrolls. Follow the steps below to set up the integration. 1. Connect with your Zoho People account Go to Settings > Integrations > Zoho People and click on Connect with Zoho People. Log in to Zoho […]
What tax deductions and rebates can be claimed in the year 2024?
Tax Deductions The following compulsory and optional tax deductions in the year 2024 are deducted from your annual taxable income to arrive at your annual chargeable income, based on which the amount of tax payable will be calculated. Employees can claim optional deductions by submitting form TP1 to their employer. Employers should enter the tax deduction amount […]
How to include advance payments and deductions in your payroll?
Advance payment Statutory contributions are payable when a payment is made. Therefore, if you are giving a salary advance to an employee via payroll, that payment should be subject to applicable statutory contributions. In PayrollPanda, you can use the preset item Advance Payment to pay an advance to your employees. Advance Payment is subject to […]
Page 17 of 23
