i kena i kena

penalty rm2k++ and extra tax rm5k++

all 7k++ must pay


why so high?

yes i made some mistake during the submission.... but the extra ...

i have receive a refund earlier rm5k like that

but the new calculation seems they never deduct some claims too like housing loan interest and pc rebate

anyone else kena?

they penalised u under sec 113(1)? the 2k penalty is 45% on your mistake. u can make an appeal to irb by writing a letter to them but must within 30day for the form J.

no
penaly is under 113 (2)

can appeal?
meaning appeal can reduce penalty?

That's why don't play play with submission.
If not sure about the relief claimed, then ask.
Don't simply put in the relief you are never sure about it.

There is only got PC relief, no rebate, and can only claim once every 2 years, and applicable for whole set of computer, hardware separately is not claimable.

so those of you out there earning more than rm100k, how much tax can save?

so high ler tax

Not that high lar.
Personal relief 9k (everyone has), EPF + Insurance 6K (mostly have, if you earn 100K, then mostly you will max out 6k)
15K relief entitled already.

So if your income is 100K, taxable income is 85k.
Tax need to be paid 7,125 + (15k x 24%) = 10,725

10,725/100K, only about 10%.

Not yet counting, other relief.

High income, then pay high tax.
I wish I can pay more tax every year, not the other way round.

This post has been edited by cherroy: Dec 21 2010, 03:59 PM

u try to maximise your relif claim.u try to discuss with your employer to restructure your remuneration package i may help u save the tax.

mine high leh

income about rm140k
taxable income is rm120+k

tax must pay about rm19k++

u earn more must contribute back to the society

anyway can reduce>?
19k is lot

find tax agent to help u anlayst your current remuneration.see can do any restructring or not

Most ppl with fixed basic salary package can hardly save on tax.
Unless you're doing business, then there's many expenses you can take as relief.

can the penalty under section 113 (2) be reduced if we appeal?

wat is the posibility?

Earning RM 100k is small peanuts. If you don't find someone professional to help you out (e.g. accountant) chances you will again kena penalty.

Small fish like you are those favourite victims of LHDN. So just pay.

Btw, since it is your first time, SO PAY first (because you don't know the tax game well). Then for the 2nd time you earn RM 100k, you are ready to do some "adjusting" to your tax.

how to adjust the tax? share tips la

I just got my tax refund last week, after waiting for 9 months...before this i only recieved a letter from LHDN on end of March saying that my refund is under evaluation and they will contact me if need any proof for justification..

after going thru the letter by lhdn, looks like they have not given me a rebate for the housing loan of almost rm7k interest
i wonder why since all proof was given to them

if u don't understand about the relief, it is advisable to ask those professional

don't mess with LHDN, one of my company's customer think this penalty no need to pay. At the day he reach airport and think he could happily travel to oversea with his family, end up the passport cannot go through because he was blacklisted for outstanding tax payable

Just a side question , what happened if you submit more than you earn aka money laundering ?

They will check you also ?

They will ask you where you got those money. If you cannot proof it, then you will kena investigation and if found guilty of laundering, penalty + court.