[MY] List of Benefits-In-Kind, Deductions and Perquisites pay items

Modified on Mon, 25 Sep, 2023 at 11:47 AM

By default, HReasily generates a full list of Benefits-In-Kind (BIK), Deductions and Perquisites (taxable and tax exempted) pay items. Users are not required to create their own custom pay items to account for these payments.

By using the default benefit-in-kind/perquisite/deductions pay item(s), HReasily will automatically capture these amounts and reflect them in the EA forms.

For tax exempted amounts, once the cumulative amount has exceeded the cap, it'll automatically be assigned to gross salary accordingly.

Sources:

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How to add benefit-in-kind/perquisite/deductions pay item(s)

To add a benefit-in-kind/perquisite/deductions pay item,

1. Go to the payroll table which is accessible by clicking on MANAGE payroll.

2. On the top left corner of the payroll table, click ADD PAY ITEM.

3. In the pop-up window, you'll find the list of benefit-in-kind/perquisite/deductions pay items.

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Benefits-In-Kind

Household furnishings, apparatus and appliances
Motorcar and other related benefits
Petrol provided without car
Driver provided
Other assets
Dental benefit
Child-care benefit
Food and drink provided free of charge
Free transportation between pick-up points or home and the place of work (to and from)
Insurance premiums which are obligatory for foreign workers as a replacement to SOCSO contribution
Group insurance premium to cover workers in the event of an accident.
Leave passage in Malaysia
Overseas leave passage
Benefits used by the employee solely for purposes of performing his employment duty.
Discounted price for consumable business products of the employer
Discounted price for services provided by the employer
Benefits and monthly bills for fixed line telephone, mobile phone, pager, personal digital assistant (PDA) and subscription of broadband
Modern medicine, traditional medicine and maternity
Benefit on free petrol (Based On The Prescribed Value Method)
Benefit on free petrol for travelling from home to place (Based On The Formula Value Method)
Benefit on free petrol for travelling in exercising his employment (Based On The Formula Value Method)
Value of living accommodation provided
Household benefits(Entertainment and recreation)
Household benefits(Semi-furnished with furniture/air-conditioners/curtains/carpets)
Household benefits(Fully-furnished with kitchen equipment, crockery, utensils and appliances)
Household benefits(Furniture and fittings)
Household benefits(Kitchen equipment)
Gardener
Household servant

Perquisites

Pecuniary liability of employees paid by the employer, such as income tax payment, electricity bills, water and telephone bills
Credit card facilities
Loan interest
Recreational club membership
Life insurance premium
Gardener, driver, domestic help or guard
Waiver of loan or advance
Scholarship
Assets given free of charge or sold at a discount
Gift vouchers
Gift of personal computer to the employee by the employer
Excellent public service award
Professional subscriptions (work related)
Professional subscriptions (non-work related)
Innovation or productivity award
Travelling allowance, petrol allowance or toll rate received by an employee for travelling in exercising an employment
Parking rate or parking allowance
Meal allowance
Child care allowance
Subsidy on interest for housing, education or car loan
Gifts and monthly bills for fixed line telephone, mobile phone, pager, personal digital assistant (PDA) and subscription of broadband
Gift of personal computer to the employee by the employer

Deductions

Zakat
Medical Treatment, Special Needs or Carer Expenses of Parents
Basic Supporting Equipment
Higher Education Fees (Self)
Medical Expenses on Serious Diseases
Complete Medical Examination
Purchase of readings, computer, smartphone, tablet, sport equipment, gymnasium membership and subscription of broadband internet
Net Deposit in Skim Simpanan Pendidikan Nasional (SSPN)
Payment of Alimony to Former Wife
Contribution to a Private Retirement Scheme and Payment of Deferred Annuity
Education and Medical Insurance
Interest on Housing Loan
Purchase of Breastfeeding Equipment(deduction is allowed once every 2 years for women tax payer only)
Fees paid to Child Care Centre and Kindergartens
Parental Care: Mother Relief
Parental Care: Father Relief