Potongan Cukai Bulanan (PCB) is a series of monthly deductions that go towards paying the taxes that are in relation to the employment income and to help taxpayers who were struggling to pay a lump sum tax at the end of the year.
Here is the list of those pay items:
Share Option Sale (ESOP)
Tax borne by the employer
and any other payment in addition to normal remuneration for the current month.
Here is the list of those pay items that are not subjected to PCB/MTD:-
Benefits in Kind (BIK)
Value of Living Accommodation (VOLA)
NOTE: BIK and VOLA are part of remuneration which are not subjected to PCB.
However, employee may want to include both BIK and VOLA as part of his/her remuneration to be subjected to PCB by completing a prescribed form and thereafter, submit to employer.
If employer agrees, BIK and VOLA will be subjected to PCB.