Monthly Tax Dedudction/PCB
An income tax deduction mechanism from an employee’s current monthly remuneration in accordance with the schedule of Monthly Tax Deductions (PCB) or other methods approved by the Director General according to the provision under rule 3, Income Tax (Deduction from Remuneration) Rules 1994 (MTD Rules).
Definition of Employer and Employee under Income Tax Act
- Relationship of master and servant subsists, the Master;
- If relationship does not subsist, the person who pays or is responsible for paying any remuneration to the employee who has the employment, notwithstanding that the person and the employee may be the same person acting in different capacities.
- Relationship of master and servant subsists, the Servant;
- If the relationship does not subsist, the holder of the appointment or office which constitutes the employment