Malaysia Salary & Take-Home Pay Calculator (EPF, SOCSO, EIS, PCB)

About the Malaysia Salary & Take-Home Pay Calculator (EPF, SOCSO, EIS, PCB)

See what lands in your account each month in Malaysia. Enter your basic salary, fixed allowances, overtime and any bonus, and the calculator takes off what a Malaysian payroll does: your EPF share by the wage bands of KWSP’s Third Schedule, your SOCSO share (the Invalidity Scheme and LINDUNG 24 Jam) and your EIS share from PERKESO’s own contribution schedules, and PCB — the monthly tax deduction — with LHDN’s computerised formula, month by month, including the bonus month.

Beside your payslip it shows what your employer pays on top (EPF, SOCSO and EIS) and what your pay and those contributions cost the employer, a twelve-month table, and an estimate of your income tax for the year, so you can see whether the PCB covers it. Nothing you type leaves your browser.

Without a pass, the free preview shows your take-home pay in full, with the first rows of each table; a Pro pass unlocks every figure, the whole year month by month, the summary to copy and the CSV.

EPF: the Third Schedule’s wage bands

Employees below 60 who are Malaysian citizens, permanent residents or non-Malaysians who joined EPF before 1 August 1998 pay 11%; the employer pays 13% on monthly wages of RM5,000 and below and 12% above. From 60, Malaysians pay nothing and the employer 4%; permanent residents pay 5.5% and the employer 6.5% or 6%. Non-Malaysian employees with a work pass pay 2% and their employer 2% (KWSP).

Employers may not simply multiply by the percentage. The shares come from the wage bands of the Third Schedule — RM20 wide up to RM5,000 and RM100 wide up to RM20,000, each share worked out on the top of the band and rounded up to the ringgit — so RM3,250 gives RM359 and RM424, not RM357.50 and RM422.50. Above RM20,000 the exact percentages apply and the total is rounded up to the next ringgit. For non-Malaysians each 2% share is rounded up to the next ringgit (KWSP’s guide for non-Malaysian employees). EPF counts your salary, allowances, commission and bonus, but not overtime. A bonus that lifts a month above RM5,000 for someone normally paid RM5,000 or less keeps the employer at 13%.

SOCSO, LINDUNG 24 Jam and EIS

SOCSO has two employee parts. The Invalidity Scheme costs you 0.5% of your monthly wages and your employer pays 1.75% (Employment Injury and Invalidity) while you are below 60; from 60, or if you first contribute at 55 or later, only the employer pays 1.25% for Employment Injury (PERKESO). LINDUNG 24 Jam, the non-employment injury scheme, covers accidents outside work: you pay it alone, 0.75% in its first phase, rising later to 1% and then 1.25%. It is compulsory for foreign workers. Local employees are in unless they opted out; a new employee can opt out before the first contribution, and someone who stays in remains covered (PERKESO, questions and answers).

EIS costs 0.2% from you and 0.2% from your employer for Malaysian citizens and permanent residents aged 18 to 59; it does not cover foreign workers, and employees who reach 57 without having contributed before are exempt (Act 800). All three are read from PERKESO’s schedules by wage band, on wages up to RM6,000 a month (PERKESO), and none of them counts an annual bonus.

How PCB is worked out

PCB uses LHDN’s computerised formula (MTD specification): your chargeable income for the year is estimated as the pay so far less EPF, plus this month’s pay less EPF, plus the same pay for the months left less the rest of the RM4,000 EPF relief, less your reliefs (RM9,000 for yourself, RM4,000 for a spouse with no income, RM2,000 a child, and Form TP1 claims). The tax on that, less the PCB and zakat already paid, is spread over the remaining months: MTD = [(P − M) × R + B − (Z + X)] ÷ (n + 1).

Every figure is cut to two decimals, the result is rounded up to the next five sen, and a PCB under RM10 is not deducted. Zakat deducted from salary lowers the PCB ringgit for ringgit. A bonus is “additional remuneration”: its PCB is the year’s tax with the bonus less the PCB the year would have without it. Non-residents pay 30% of the month’s pay.

PCB and your income tax

PCB is an advance on your income tax for the Year of Assessment. If you work for the same employer for the whole year, PCB is deducted every month and you and your spouse do not elect joint assessment, LHDN lets you treat the PCB as your final tax and not file a return (LHDN); otherwise your return settles the difference. The estimate under the results also counts the SOCSO and EIS relief (up to RM350), which PCB leaves out unless you claim it on Form TP1 (Form TP1), so it is often a little below the PCB; the RM400 rebate where chargeable income is RM35,000 or less is in both. For every relief, use the Malaysia income tax calculator; to check one month’s PCB with your year-to-date figures, the PCB calculator.

Limitations

• For private-sector employees. Pensionable public servants, domestic workers and the self-employed have their own rules.
• One employer for the whole year at the same pay every month, with at most one bonus. If you changed jobs this year or your pay changes, use the PCB calculator with your year-to-date figures (Form TP3).
• Contributions above the statutory rates (voluntary EPF), benefits in kind and living accommodation, and commission or arrears paid now and then are not included.
• The year uses today’s contribution rates for all twelve months, with the current PCB tables and tax rates.
• EPF for non-Malaysian employees is worked out on at least the minimum wage; the calculator uses the salary you enter.
• KWSP’s own examples round EPF for non-Malaysian employees in two ways: its guide for non-Malaysian employees rounds each 2% share up to the ringgit, as here, while the example on its contribution page rounds only the total, which can come to RM1 less.
• The cost to the employer counts EPF, SOCSO and EIS only — not the HRD Corp training levy some employers pay, insurance or other benefits.
• The tax estimate covers this job and the reliefs you enter; other income, joint assessment and rebates other than zakat are not included.

Privacy

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