Examples for calculating taxes
Deep, Deep Dive
What is a Monthly Tax Deduction (MTD/PCB – Potongan Cukai Bulanan)?
PCB is a monthly deduction your employer takes from your salary to pay your taxes. Let’s say you’re calculating your taxes and you find your tax payable is RM4,380. It does not always mean you will have to pay the full RM4,380. In Zarin’s case since he is an employee, his employer would have been deducting PCB from his monthly salary to pay his taxes.