The PCB (Potongan Cukai Berjadual) Calculator 2024 is an essential tool provided by LHDN Malaysia to help employers accurately compute monthly tax deductions for employees. This guide walks you through each step to calculate PCB, especially for employees who were not employed earlier in the year. Step 1: Access the PCB Calculator Step 2: Enter Employee Personal Details Fill in […]
When running a business, whether big or small, one of the most crucial aspects to manage effectively is payroll. Payroll processing isn’t just about calculating wages; it’s about compliance, efficiency, and accuracy. With businesses in diverse sectors, from hospitality to swimming pool supplies, the question often arises – Do I need to use payroll software? Let’s dive into the benefits, […]
Introduction Payroll processing is a critical function for any business, yet it often presents numerous challenges. From keeping up with regulatory changes to ensuring timely and accurate payments, the complexities can be overwhelming. CentralHR’s payroll outsourcing service offers a comprehensive solution to these challenges, allowing businesses to focus on their core operations. Biggest Challenges in Payroll Processing Businesses face several […]
Introduction The Malaysia Inland Revenue Board (LHDN) mandates all newly hired employees to report their income from previous employments within the same tax year through the TP3 Form. This essential process is vital for the accurate calculation of Monthly Tax Deduction (MTD) or Potongan Cukai Bulanan (PCB) amounts within the payroll system. This guide is designed to offer detailed insights […]
In the ever-changing business environment, efficient and effective payroll management has become more important for organizations of all sizes. Traditional payroll systems, which often involve cumbersome manual processes and outdated software, are rapidly being replaced by cloud-based solutions. These modern systems offer numerous advantages that streamline operations, improve accuracy, and enhance overall business performance. In this article, we explore the […]
In Malaysia, payroll software plays an important role in streamlining and automating the intricate process of salary management for businesses of all sizes. As a dynamic and progressive economy, Malaysia demands efficient payroll solutions to adhere to the country’s evolving tax regulations and employment laws. Payroll software in Malaysia not only facilitates precise salary calculations but also ensures compliance with […]
When we think of a payslip, what often comes to mind is just a piece of paper that shows the breakdown of our salary. However, a payslip holds much more significance than merely being paper. It carries great importance for both employers and employees. This article will explore the importance of the payslip, detailing how to prepare one effectively, what […]
In the ever-changing business landscape of Malaysia, the importance of precise and efficient payroll is of utmost importance for both small startups and large corporations. Managing payroll is not just about paying employees; it involves ensuring compliance with local labour laws, calculating taxes accurately, and maintaining comprehensive records. This is where a reliable payroll system can truly make a significant […]
Introduction The Malaysia Inland Revenue Board (LHDN) mandates all newly hired employees to declare their previous employment income from the current year to their new employer. This process is facilitated through the TP3 Form, ensuring precise calculation of PCB/MTD amounts in the payroll system. This guide provides comprehensive information on how to utilize the TP3 Form for the year 2023. […]
In today’s fast-paced business landscape, staying ahead means optimizing every aspect of your operations. One often overlooked area that can yield significant advantages is payroll management. Outsourcing payroll services is a strategic move that can streamline processes, boost efficiency, and drive overall business success. In this article, we’ll explore the top 10 benefits of outsourcing your payroll and why it’s […]
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