Release Date: 17 May 2024 (Friday)
Version: 1.11.4
This updates ensure your payroll system aligns with the latest Malaysian regulations for child relief in calculations. We're committed to simplifying compliance and minimizing penalties for you.
This Compliance Update is applicable to:
Financio Payroll (Essential) | Financio Payroll (Premier) |
YES (√) |
YES (√) |
50% Eligibility Child Relief
This update addresses a specific scenario for claiming child relief in PCB calculations. It applies when two individuals (not spouses living together) are each entitled to claim 50% of the allowable relief for the same child, such as after a divorce.
How to Update Employee Information
1. Go to Employee Profiles and select the Employee.
2. Select Tax Exemption tab and click to Edit the details.
3. User can input number of child that eligible for 50% relief for each deduction category.
Below is the image for your reference:
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