Q & A on PCB a.k.a STD.
Q : My majikan has been making Schedular Tax Deductions ( STD or PCB as it is more commonly known ) from January up to December 2009. I have received my Form J (Notice of Assessment) in May 2009 and the tax payable is RM 1,200.00. Do I have to settle the tax raised ? My majikan already paid the STD deduction from January – December 2009 totalled RM 1,000.00.
A : You only have to pay the balance RM 200.00.
Q : According to my calculation, I am not liable to tax for the year of Assessment 2009.I don,t want the deductions under STD so What should I do to enable my employer to stop / cancel my deductions under STD?
A : You may contact the Assessment Branch directly for confirmation of your non-liability, then inform the Collections Branch and request the issuance of a letter to your employer to stop the STD deductions.
Q : I think my monthly STD deductions are too low compared to the actual tax payable (according to the Form J). How can I increase my deductions to settle the tax payable?
A : You can request your employer to increase your monthly deductions to settle the tax payable. Employers do not have to wait for instructions from the Collections Branch to increase monthly deductions for purposes of paying tax.
Q : My monthly deductions are in excess (terlebih bayar sudah) of the total tax assessed. How do I apply to cancel further monthly deductions and also obtain my over payment of tax?
A : You can contact the Collections Branch directly to obtain a letter to stop the deductions. You can apply for a refund of your credit on condition that all assessments have been finalised to-date.
Q : I run a provision shop and from time to time sell provisions at the night market. Can I pay my income tax through the Scheduler Tax Deduction (STD) scheme?
A : No, the STD is strictly for person (s) under employment contract only. If you are in business or self -employed, you can pay your tax through the bi-monthly installment payment scheme. If you are not in the installment scheme, you have to settle your tax within 30 days from the date on the Notice of Assessment (Form J).
An employee must immediately inform his employer of any changes in his personal details such as marital status, number of children, and death of spouse/child to determine the correct amount of Scheduler Tax Deduction (STD)
An employee may request his employer to increase the amount of his Scheduler Tax Deduction (STD) if he realizes that the current deduction made by the employer is not enough to settle his current tax liability