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How is PCB calculated by PayrollPanda?
PayrollPanda calculates the PCB based on a formula set by LHDN for payroll softwares. Our calculations are fully compliant with LHDN specifications and we can confirm that PayrollPanda is LHDN-approved. While the formula is complicated it can be simplified as follows: 1. Annual taxable income = Previous months taxable income + (Recurring current month taxable […]
How to integrate Xero with PayrollPanda?
With the Xero integration, you can sync your payroll data into your accounting books. 1. Connect your Xero account Connect your account by clicking on Settings > Integrations > Xero > Connect with Xero. Log in to Xero and click on Allow Access. 2. Select your bill settings You can choose if you want to […]
How to generate the CP22 form?
Form CP22 should be submitted with LHDN for any new employee who is subject or likely to be subject to tax within 30 days of their join date. You can download the CP22 form in PayrollPanda under Employees > select employee > Forms > Other Forms. The information included in the CP22 form is taken […]
How to integrate QuickBooks with PayrollPanda?
With the QuickBooks integration, you can sync your payroll data into your accounting books. 1. Connect your QuickBooks account Connect your account by clicking on Settings > Integrations > QuickBooks > Connect to QuickBooks. Log in to QuickBooks and click on Connect. 2. Select your journal settings You can choose if you want to generate […]
How to generate the CP22A form?
Form CP22A should be submitted to LHDN for certain employees leaving your company not less than 30 days before the end of their employment. You can download the CP22A form in PayrollPanda under Employees > select employee > Forms > Other Forms after you have archived the employee. Please note that the amounts in category B […]
How to integrate Jibble with PayrollPanda?
With Jibble integration, you can sync your employees’ leave and overtime data from Jibble into your monthly payrolls. Follow the steps below to set up the integration. 1. Connect with your Jibble account Go to Settings > Integrations > Jibble and click on Connect with Jibble. Log in to Jibble. 2. Set up your tenants […]
How to enter salary increments in my payroll?
Updating new salary Go to the Employment tab in the employee’s profile and click on New Salary +. Enter the new salary amount under New Salary / Wage and select the effective date for the new salary. If the effective date for the new salary falls part way through the month, the previous and new […]
What is the lock function for in my Payroll tab?
If you start running payroll in PayrollPanda during the year, we recommend you lock payrolls for months prior to your first payroll month. For example, if your first payroll in PayrollPanda is June payroll, you should lock January to May payrolls. There are 2 reasons to lock prior payrolls: • If you input your […]
How to generate the CP21 form?
Form CP21 should be submitted to LHDN at least 30 days before departure for tax clearance of any employee leaving Malaysia for more than 3 months. Employers should also withhold any salary due to the employee for 90 days after submitting the form or until receipt of the tax clearance letter, whichever is earlier. You […]
How to increase EPF Contributions for Employee and Employer?
Employees and employers can choose to contribute EPF at a higher rate than the minimum contributions specified in the EPF Contribution Table. However, they must get approval from KWSP before increasing the contributions. How to apply to KWSP to increase the EPF employee contribution rate If an employee opts to contribute at a rate exceeding […]
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