Preparing personal income tax returns

Hi, how much i need to pay the income tax based on my salary amount.

I have tried look at the income tax website, but please forgive that i am just poor at searching infos from gov sites.

Please enlighten me.

And I heard that salary below a certain amount would not have to pay the tax, what it is ?
and do we need to declare our income even it is not under that taxable category.

Thanks in advance.

This post has been edited by mindkiller6610: Dec 11 2008, 10:16 AM

first, you go lhdn website download the pcb table ...

then ur monthly salary x 0.89, that 1 is your nett, and you match with the amount in the pcb table ... then you can know roughly how much a month for the tax ... the purpose of monthly deduction is government scare people no money to pay when come april every year ...

actually government tax us base on annual income, not monthly ... last time i ask in lhdn is 27k a year then taxable ... means 2.25k++ a month ... but if someone with 2k a month, he could be taxable as well if he get 3-4 months bonus at the same year ...

once you notice your payslip got pcb deduction, then you should go open an account already ...

This post has been edited by Ken: Dec 11 2008, 11:08 AM

navigation
http://hasil.gov.my/english/eng_index.asp

Payment -> SCHEDULAR TAX DEDUCTION

click on the pdf link
PCB Schedular 2004 (*.pdf)

How much is your salary?

I wrote something about income tax here. you can refer to this

http://dragonajie.blogspot.com/2008/12/inc...nothing-is.html

if you want a spreadsheet on income tax calculation (but its is an old one, yet still usable), can PM me.

go to price water house coopers to get the updated 2008/2009 tax info

Hello everyone,

I had been informed earlier, and recently been confirmed by our HR department that the PCB (monthly income tax deduction rate) is revised higher than last year (by 10 - 20%). Any comment what is the government trying to do during this difficult time? Base on my experience, my previous PCB deduction is almost sufficient to cover the yearly tax. The higher rate means that we need to pre-deduct (or overly deduct) monthly income tax from salary before the final submission of tax form and tax payment, and... resulted in trouble to claim back "excess tax amount" paid to tax department.

Thanks.

Regards,
HelloMalaysia

You can check the PCB rates for yourself at hasil.gov.my to see if your company is deducting the correct amount.

yup, the new PCB will be higher. and another thing is: it is more complicated. make those HR Department and Tax Agent difficult life.

i dun understand why Beeeeeeeennnnddddddddd want to change this. the old system already established quite sometimes and everybody happy with that.

this is our Beeeeeeeeennnnnnnddddddddddd, bad thing never amend, good thing sure amend.

old system assume maximum deduction where the new one assume some basic deduction while others not, so what you need to do is to tell your employer what you are deducting ie. buy RM 1000 books etc to reduce your monthly deduction, good luck !

always not-so-smart moves the G likes to make.

Hello!

The deadline for Individual Income Tax submission is coming soon on 30 April 09.

The Income Tax officers will be here in i-City on Tuesday 24th March 09 from 9.30am - 3.00pm to provide online training and assistance for e-filing submission.

What you need to bring along are all your documents (e.g receipts, EA form & etc.) to process your income tax submission and a thumb drive/ CD to save your e-filing file.

Please find this link as our location map: http://www.i-city.my/malaysia/location/index.html

If you're coming or should you need to make group arrangements, please email us to avoid disappointment.

Thank You.

Facebook link for this event: http://www.facebook.com/event.php?sid=08f5...eid=67566206239

I heard that the annual income more then 2500X12 only need to paid tax

i do heard some company deduct their income tax monthly.

I have a friend recently join a company which provide him 3k salary, according to him, each month his salary deduct a portion for income tax automatically

i also found an article on income tax reduction, hope you guys can get some infor there

This post has been edited by calvynlee: Mar 13 2009, 02:03 PM

its rm2233/month x 12month and consider no bonus already need to pay tax, to be exact..

and based on recent announcements, salary of RM2500/month is subjected to PCB (potongan cukai berjadual) already.

Today I registered at the e-Filing website for the first time. I entered my PIN and did my first-time login. Then I went to click on Verify Digital Certificate. I type in my IC number and a message displays Your Digital Certificate Is Valid For Use.

To visualize what I did, refer to the official FAQ.

My question is, what is a roaming digital certificate? How does it work? My experience with digital certificates is that your browser has to store a soft copy. But I switched computers and I was still able to verify my digital certificate successfully.

I haven't completed all the tax forms yet, I'm just afraid that when I finally click on submit, the server will reject me because I used a machine different from the one I registered at.

This post has been edited by Andrew Lim: Mar 13 2009, 10:21 PM

The e-filing now uses "Roaming PKI" certificate where the certificate is not stored in a local computer but the LHDN server. Upon correct username/password, the cert will be retrieved from server for further access and use. Do click "logout" to ensure the cert be cleared from local comp after use.

Correct me if i am wrong.

I see. There doesn't seem to much literature concerning the subject. The most helpful reference I could google up was this.

So I guess the LHDN server acts as a middleman between us and some backend network.

yup,something like that.

since its ur first time, do save copy of ur data filled up coz after u click 'submit' u can't access that e-filing anymore. i print pdf for both data fill up as well as submission slip. note these are 2 different thing.

I have a question about this:



Is this where I put all the total sum of the EPF that's been deducted from my salary in 2008? So I should sum up the amount in my 2008 EPF statement under the Syer Pekerja column?

Edit: Er, I just found out the EA form states the total amount EPF paid by me. So... I guess I use this amount?

This post has been edited by Andrew Lim: Mar 14 2009, 02:00 AM