What is EPF? Government Mandatory Deposits and Retirement Funds Usually 13% for the boss and 11% for the employee (adjusted annually) Example: Salary of RM2,000 for […]
Malaysia OT Calculation The table showed the formula for the calculation of OT in Malaysia. *ORP: Ordinary rate of pay* Daily-rate Monthly-rate 1. Normal hours of […]
Types of Leave In Million payroll system, there were these kinds of leave included as shown as table below. Leave Code Description Leave Type AB Absence […]
Basic Concept of Payroll System Payroll systems included 3 types of system which is Attendance system, Payroll system and Human Resource Management (HRM). Attendance systems are […]
What is the Human Resource Development Fund (HRDF)? HRDF – Human Resource Development Fund, known as Pembangunan Sumber Manusia Berhad Act 2001(PSMB). HRDF’s purpose is to […]
What is the definition of BIK? BIK (benefit in kind) are benefits provided by the employer to the employee in form of services, vehicles, and lodging. […]
What is meant by Prequisites? Benefits that may be converted into money that an employee receives from his employer or other parties in exchange for having […]
Individual Relief Types for the Year of Assessment 2021 The following tables show the Individual Relief Types for employees. There really are a lot of tax […]
What is meant by MTD or PCB? PCB refers to “Potongan Cukai Bulanan” which is “Monthly Tax Deduction” (MTD) Monthly deductions contribute toward the payment of […]