Dec 11 2010, 09:58 AM
QUOTE(chongkeong @ Nov 3 2010, 06:41 PM)
Ooo.. I didnt know that there is such thing as tax relief.
I've some questions here.
1) Tax relief of RM3000 for computer every 3 years. Does that mean, if my income tax = RM10,000. I show them receipt that i bought this year. I only pay RM7000 income tax?
2) If i can claim RM3000 for computer once ever 3 years. In theory, isn't that a "free" computer every 3 years? since no matter what, i still need to pay the RM3000. Just whether to PC shop or government.
3) If i buy computer, receipt put my parent name, does that mean, my parent's income tax can reduce RM3000?
4) Must i spend more than RM3000 to avoid RM3000 income tax? If I spend RM2000 on computer, can i still reduce RM3000 from tax or only RM2000?
5) Definition of "Pembelian komputer peribadi untuk individu". Must i include speaker? monitor?
=>> Did i get everything wrong? Tax relief of RM3000. If im in 26% tax bracket. I buy computer RM3000, (3000x26%=Rm780) means i can avoid RM780 being taxed from my income?
Assuming tax rate of 10%, that means your taxable income is RM 100,000 annually. When you present and get the maximum deduction of RM 3,000, that means your taxable income reduce by 3,000, hence RM 97,000.I've some questions here.
1) Tax relief of RM3000 for computer every 3 years. Does that mean, if my income tax = RM10,000. I show them receipt that i bought this year. I only pay RM7000 income tax?
2) If i can claim RM3000 for computer once ever 3 years. In theory, isn't that a "free" computer every 3 years? since no matter what, i still need to pay the RM3000. Just whether to PC shop or government.
3) If i buy computer, receipt put my parent name, does that mean, my parent's income tax can reduce RM3000?
4) Must i spend more than RM3000 to avoid RM3000 income tax? If I spend RM2000 on computer, can i still reduce RM3000 from tax or only RM2000?
5) Definition of "Pembelian komputer peribadi untuk individu". Must i include speaker? monitor?
=>> Did i get everything wrong? Tax relief of RM3000. If im in 26% tax bracket. I buy computer RM3000, (3000x26%=Rm780) means i can avoid RM780 being taxed from my income?
Following tax rate of 10%, that means you manage to reduce your tax to RM 9,700. Savings of RM 300.
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