Malaysia Payroll System

Maximum tax rate brought down, and more relief for middle income group

2009-10-23T18:52:00.000-07:00

BUDGET 2010 will see a personal income tax cut of one percentage point and increase in tax relief.

This should bring cheer to the middle income group, who have often complained about not receiving much good news in past Budgets.

The reduction in personal income tax by one percentage point to 26% will ensure that the individual income tax remains competitive.

To improve the well-being of the rakyat, the Government will raise personal relief from RM8,000 to RM9,000. This means that each taxpayer will enjoy an increase of RM1,000 in disposable income from the 2010 year of assessment.

The cut in personal tax rate is for people earning above RM100,000 per annum.

“Given the amount of stress that the Government has been facing due to the economic crisis, it is heartening to note that it has still allowed for a 1% reduction of the top marginal tax rate for individuals from 27% to 26%,’’ said one tax expert.

The expert said the move to increase the personal relief would allow families with a household income of about RM24,000 a year to be free from income tax.

The biggest drop in personal income taxes, however, is for locals and foreigners who are working and staying in Iskandar Malaysia.

For those who apply and start work in Iskandar Malaysia before 2015, the Government has proposed the maximum tax rate of 15% compared with 26% for the rest of the country.

To be eligible for this tax treatment, they must be engaged in sectors such as green technology, biotechnology, education services, healthcare, creative industry, financial advisory and consultancy services as well as logistic services and tourism.

The innovative and radical tax incentive is seen as a boost to Iskandar Malaysia.

And to encourage people to start saving at a younger age, the Government has declared that the existing personal tax relief of RM6,000 for EPF contribution and life insurance premiums be increased to RM7,000 from January next year for people with annuity schemes.

Source from The Star

Saturday October 24, 2009

2009 Malaysia Tax Calculation - Guide from LHDN

2009-10-23T18:34:00.000-07:00

Some of other info are which may not specify inside the note which will be implement in 2009:

Features & Things to Note

1. Strictly PCB not more than 27% tax impose when calculate Bonus & Commission. Previous year PCB calculation on Bonus & Commission has too high possibility of over-deduction.

2. Reduce and eventually abolish tax return starting from Year 2009 Income Tax Assessment.

3. Accurate tax calculation by dropping the use of PCB table from Year 2009 Tax Contribution. PCB Table still exists in 2009 as means for transition period only and will abolish fully next year.

4. Monthly net income RM2401 onwards has to contribute PCB because government no longer gives 20% discount on tax.

5. Bonus, Commission, Director Fee, OT and Non-Fixed Amount Allowance are categorized to calculate using bonus PCB formula and consider as additional income.

6. Bonus, Commission, Director Fee below year 2009 pay by company in year 2009 subject to 2009 PCB calculation, LHDN not accept the practice of declare in EA form as "PCB B/F from Previous Year" to minimize tax return. Example receive 2007 bonus and 2008 commission in April 2009, the PCB contribution are using 2009 PCB calculation only.

7. Anything subject to tax relief and rebate for this year must relief/rebate in this year and not allow B/F. For example buy computer in March 2009 worth RM2800; you can only declare tax relief in Year 2009 tax assessment only.

8. Employers are given the authority to approve employees' tax relief declaration. Do check your company HR department for latest HR policy.

9. Employees are held responsibility for any false/incorrect tax relief declaration and employers are liable any of it. Tax relief form must keep for 7 years by employees.

10. If you have resign from company, remember to get the actual figure of Year to Date relieved tax amount, contributed PCB amount, paid salary amount, contributed KWSP amount, contributed Zakat and Levy amount. They will help you and your new employer calculate accurate PCB contribution.

11. Minimum PCB contribution is RM10 (Which is for monthly net income RM2401)

12. Employees can declare tax relief or rebate by monthly, quarterly, yearly or random month basis subject to employer HR policy. Do check your company HR department for latest HR policy.

13. LHDN website will provide PCB calculator for public usage.

14. Final PCB amount are round up to nearest of RM0.05

Source from : http://www.ubc.com.my/content.asp?cnt_id=479

Malaysia Payroll & Human Resource System

2009-09-24T11:37:00.000-07:00

Payroll
Monthly/Daily/Hourly/Piece Rate Payment
Salary Prorate for Newly Joined/Resigned
BANK/ CHEQUE/ CASH Payout
Auto TAX/EPF/ SOCSO Calculation
Monthly Tax Deduction
Define Voluntary EPF
LEVY/ ZAKAT/ HRDF Deduction
Loan/ Levy CP38 Prepayment Control
Definable code for Allowance and deduction
Auto Transfer To Bank Accounts thru DISKETTE/ONLINE
Bonus Computation

Human Resource
Education Group
Job History
Employee Reference
Health Record
Training record Records
Personal Expenses
Appraisal
Career Development Records
Warning Letter
Leave
Photos
Insurance
Loan
Transportation
Benefit in Kind

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Online Demonstration

2009-09-24T00:27:00.000-07:00

Calculation formula for PCB Schedule 2009

2009-09-22T18:35:00.001-07:00

Malaysia Payroll and Human Resource System

PCB Calculation (Malaysia Tax)

2009-09-22T18:34:00.002-07:00

Malaysia Payroll and Human Resource System

PCB Calculation (Malaysia Tax)

Calculation formula for PCB Schedule 2009

Socso Table

2009-09-22T18:34:00.001-07:00

Malaysia Payroll and Human Resource System

One Step Payroll Computation

2009-09-22T18:33:00.000-07:00

Malaysia Payroll and Human Resource System

xiv. Transportation

2009-09-16T01:00:00.000-07:00

Use this option to record employee transport.

xiii. Insurance

2009-09-16T00:34:00.000-07:00

Use this option to keep track employee insurance due date.

xii. Photos

2009-09-16T00:20:00.001-07:00

Use this option to keep employee photo.

ix. Loan

2009-09-15T22:28:00.000-07:00

Use this option to maintain the loan apply from the employment.
Enable to link with pay calculation to auto generate monthly deduction

x. Leave

2009-09-15T21:42:00.000-07:00

Use this option to enter employee leave.

xi. Warning Letter

2009-09-15T21:22:00.000-07:00

Use this option to create employee warning letter.

viii. Employee Career Development

2009-09-15T21:21:00.000-07:00

Use this option to maintain the employee career progression, such as confirmation, promotion, demotion, temporary salary adjustment, extending probation period, termination and acting.

vii. Performance Assessment

2009-09-15T21:20:00.000-07:00

Use this module as Employee Appraisal

vi. Personal Expenses

2009-09-15T21:18:00.000-07:00

Use this module key in employee personal expenses for tax relief.

v. Training Record

2009-09-15T10:56:00.000-07:00

Use this module to key in employee training records.

iii. Employee Reference

2009-09-15T10:54:00.001-07:00

Use this module to key in employee reference records.

iv. Health Record

2009-09-15T10:54:00.000-07:00

Use this module to key in employee health records.

ii. Job History

2009-09-15T10:47:00.000-07:00

Use this module to key in back dated employee job history.

Payroll Payment

2009-09-15T09:00:00.000-07:00

Monthly/Daily/Hourly/Piece Rate Payment

Salary Prorate for Newly Joined/Resigned

BANK/ CHEQUE/ CASH Payout

Auto TAX/EPF/ SOCSO Calculation

Monthly Tax Deduction

Define Voluntary EPF

For more information,
kindly contact Cindy at 016-2666854
or email to cindy@vktechmarketing.

ii. Job History

2009-09-15T02:11:00.000-07:00

Use this module to key in back dated employee job history.

i. Education Background

2009-09-15T01:41:00.000-07:00

Use this module to key in employee education background records.

Reports

2009-07-27T00:13:00.000-07:00

Malaysia Payroll and Human Resource System

Monthly Report
- Payslip
- Payroll Register
- Pay Confirmation Sheet
- Payroll Summary Listing
- Pay Structure List
- Pay calculation
- Monthly Payroll Report (Customize)
- Allowance/ Deduction
- Deduction List By Code
- Deduction Summary List
- Allowance List By Code
- Allowance Summary List
- OT Summary List
- OT Detail Listing
- Department Payroll

Payment Report
- Auto Payment
- Coinage Analysis (Cash)
- Bank Payment Listing
- Cheque Payment Listing
- Tax Deduction Listing
- EPF Deduction Listing
- SOCSO Deduction Listing
- Loan Prepayment
- Levy Prepayment
- CP38 Prepayment
- Transporter

Government Report
- EPF
- SOCSO
- Income Tax
- HRDF
- EA

Miscellaneous Report
- New Employee Listing
- Birth Date Listing
- Confirmation Listing
- Active Employee Listing
- Resignation Listing
- Passport Expiry Due List
- Levy Expiry Due List
- Agent Expiry Due List
- Insurance Due List
- Master Field List (Customize)
- Head Count Summary Report
- Head Count Detail Listing
- Man Power Turnover Report
- Man Power Turnover Listing
- Year of Service
- Insurance Cover List

Year to date Report
- Basic Pay Adjustment
- Salary Adjustment Analysis
- Yearly Fund Report
- Summary Listing
- Detail listing
- Yearly Performance Report
- Group Report
- Leave Report

Group Report
- Head Count Analysis
- Employee Master List
- New Employee Listing
- Resignation Listing
- Active Employee Listing
- Confirmation Due List
- Birth Date List
- Pay Structure List
- Payroll Summary List
- Bonus Simulation List
- Yearly Bonus Listing
- Basic Adjustment Listing
- Insurance Cover List

Leave Report
- Leave Balance
- Leave Taken
- YTD Leave

Letter
- Bank Credit transfer
- Warning Letter
- Letter of Career

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Employee Master

2009-07-26T23:42:00.000-07:00

Malaysia Payroll and Human Resource System

Use this screen to key in the individual employee’s particulars.

Employee No

• Key-in the employee’s employee number.

Employee Name

• Key in the name of the employee.

Branch

• Key in the company / Branch ID number.

Status

• This field is use to define the employment status of employee, such as active employee with already been confirmed or being suspended, terminated or under probation or such employee has already resigned.

Date Join

• Key in the employment commenced date of the employee.

Date Confirmed

• To show the employee’s date of confirmation. System will not allow you to change the confirmation date at this module. The employee’s confirmation history changed must be done at Employee Career Development module.

Date Resigned

• Key in the employee’s date of resignation from the employment.

Probation

• Key in the employee’s probation period. Once you have maintain this, the Employee due for confirmation will be able to shows or detect by the system automatically in the confirmation due listing.

Year of Service

• This field will show automatically by the system after keying in the date join.

Old / New IC Number

• Key in the employee’s old & new IC number.

Birth Date

• Key in the employee’s date of birth.

Age

• This will be calculated automatically by the system after keying in the birth date.

Gender

• Click on the down arrow button to select from the list.

Marital Status

• Click on the down arrow button to select from the list.

Race

• Click on the down arrow button to select from the list.

Religion

• Click on the down arrow button to select from the list.

Nationality

• Click on the down arrow button to select from the list. List is from table lookup.

Address

• Key in the employee’s correspondence address.

Tel no

• Key in the employee’s telephone or mobile phone number.

Transport

• Key in the transport method for the employee. For instance, by own transport, company transport provided or by contractor van

Location

• Key in the location for the employee currently staying

Passport & Levy Expiry Date

• Key in the employee’s passport and levy expiry date, when necessary.

Ref No

• This is the foreign worker visa reference no.

Insurance

• Click on the down arrow button to select.

Agency

• Key in the Foreign worker agency code or click on the find button to display the agency list.

Department

• Key in the department code of the employee or click on the find button to display the department list. Pick the department of the employee and click OK.

Shift

• Key in the shift / working pattern group of the employee.

Group

• Select the group of the employee from the down arrow button. The control point of the TMS system.

Position

• Key in the position code held by the employee or click on the find button to display the position list.

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Multi User Controlling

2009-07-26T23:23:00.000-07:00

Malaysia Payroll and Human Resource System

This page allow admin to create multiple users with different access level, module control and due list control.

Module Control

Payroll
Human Resource
Attendance

Due List

Confirmation Due List
Contract Due List
Levy due list
Passport Expiry due list
Insurance Due List
Permit Due List

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

HR module?

2009-07-23T23:11:00.001-07:00

Human Resource

i. Education Background
Use this module to key in employee education background records.

ii. Job History
Use this module to key in back dated employee job history.

iii. Employee Reference
Use this module to key in employee reference records.

iv. Health Record
Use this module to key in employee health records.

v. Training Record
Use this module to key in employee training records.

vi. Personal Expenses
Use this module key in employee personal expenses for tax relief.

vii. Performance Assessment
Use this module as Employee Appraisal

viii. Employee Career Development
Use this option to maintain the employee career progression, such as confirmation, promotion, demotion, temporary salary adjustment, extending probation period, termination and acting.

ix. Loan
Use this option to maintain the loan apply from the employment.
Enable to link with pay calculation to auto generate monthly deduction

x. Leave
Use this option to enter employee leave.

xi. Warning Letter
Use this option to create employee warning letter.

xii. Photos
Use this option to keep employee photo.

xiii. Insurance
Use this option to keep track employee insurance due date.

xiv. Transportation
Use this option to record employee transport.

xv. Benefit in Kind
Use this option to record benefit given to employee.

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Payroll module?

2009-07-23T23:09:00.001-07:00

Malaysia Payroll & Human Resource System

Monthly/Daily/Hourly/Piece Rate Payment

Salary Prorate for Newly Joined/Resigned

BANK/ CHEQUE/ CASH Payout

Auto TAX/EPF/ SOCSO Calculation

Monthly Tax Deduction

Define Voluntary EPF

LEVY/ ZAKAT/ HRDF Deduction

Loan/ Levy CP38 Prepayment Control

Definable code for Allowance and deduction

Auto Transfer To Bank Accounts thru DISKETTE/ONLINE

Bonus Computation

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Why Payroll System?

2009-07-23T22:41:00.001-07:00

So stop doing payroll by hand or replace your expensive payroll solutions with our affordable payroll software!

Save Time Performing Your Payroll

Payroll processing by hand is slow and tedious work.

Time cuts down to minutes instead of hours

with our payroll software.

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.

Malaysia Human Resourse and Payroll System

2009-07-23T22:36:00.002-07:00

For more information, kindly contact Cindy at 016-2666854 or email to cindy@vktechmarketing.