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Question: I received a CP38 Wage Deduction Letter while the employer had deducted the PCB in my monthly salary. What does CP38 mean?
Pay Income Tax
Answer: The PCB is a tax deduction based on the PCB Schedule on remuneration of eligible employees and is remitted to the IRBM on a monthly basis, while the CP38 deduction is only possible if the IRBM has issued specific instructions to employers to make deductions for certain amounts during certain months. CP38 deduction is to settle the outstanding tax while PCB is for tax for the current year of assessment.
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