How to ensure MTD/PCB calculation accuracy in Swingvy?

Swingvy is using a computerized method to calculate the employee's MTD (Month Tax Deduction). This method is equivalent to the e-PCB by IRB.  
 
Pro tips: PCB stands for Potongan Cukai Bulanan in Malaysia national language. The acronym is popularly known for monthly tax deduction among many Malaysians.
There are a couple of values needed in order to obtain an accurate PCB result. 
 
Before starting the computation of the employee's MTD, we must identify the employee's status and some other information as below:
 
  • Residential Status
  • Marital Status
  • Disable Individual
  • Spouse Working
  • Disable Spouse
  • No of Childen 
  • Past month remuneration - If the employee worked before in the current year
  • Past month EPF contribution - Maximum 4000 relief per year
  • Past month MTD amount - If any 
  • Past month tax relief deduction - If any
  • Current month remuneration
  • Current month EPF contribution 
  • Current month tax relief deduction 
Below is the example of PCB computation with the simulation data: 
 
Field Name
Value
Residential Status
Resident
Marital Status
Single
Disable Individual
No
Spouse Working
No
Disable Spouse
No
No of Childen 
0
Past month remuneration 
10000
Past month EPF contribution 
1100
Past month MTD amount
259.65
Past month tax relief deduction
39.50
Current month remuneration
5000
Current month EPF contribution 
550
Current month tax relief deduction
19.75
Payroll Month
Mar-19
 
First, calculate the P-value from the above values
 
P-Value
 
P-value is the total chargeable income for a year
 
 
From the P-value, we are able to determine the percentage of tax base on the first chargeable income
 
Table of the tax rate
 
The MTD amount will be calculated with the formula defined by the IRB.

 

Verify MTD result with Swingvy's one-click verification

To verify the PCB result manually can be a very hassle task, the result might also turn our vary if the amount used during the verification is not consistent. Swingvy provides a convenient way to help the user to verify their MTD with a click of a button. All the information will be auto-populated into the LHDN calculator, the result will be generated instantly. 
 

Verify PCB

From the run payroll page, click on the auto-verify link.
 
 
Check the MTD result directly in the LHDN calculator. Click on the MTD Calculation button to view the detail break down.
 
 
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