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 Income Tax Issues

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ronnie
post Nov 21 2010, 02:14 AM

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QUOTE(ryoutoko @ Nov 20 2010, 10:43 PM)
Hi, if my salary is 2.1k, and receive 1.5months bonus, am i eligible to imposed pcb?
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Definitely have to pay PCB for that particular month.
ronnie
post Dec 26 2010, 02:17 AM

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rain55: Get your income tax file opened at LHDN closest to you.
PCB means the "estimated" tax has been deductible from your salary.
Actual tax payable is after you submit your Form BE.

The ex-employer will provide YA2010 EA form for income received from January to July 2010.
ronnie
post Dec 27 2010, 10:59 AM

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QUOTE(rain55 @ Dec 26 2010, 09:22 PM)
Is that any penalty as i failed to declare my register my income tax account of since i already got EA form 2009? currently already in dec 2010.

And also i dont hav the BE form 2009.
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Did you have PCB deduction every month in 2009 ?
ronnie
post Dec 27 2010, 11:57 AM

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QUOTE(rain55 @ Dec 27 2010, 11:39 AM)
I was working starting from sep 2009,so in 2009 my Jumlah is only around 9k.But In my EA of 2009, Section D: Potongan cukia berjadual :RMxx, so I was so confuse now. Is tat mean when the is PCB in my EA i must get the BE form and fill it already?

I called lhdn,they said my company already created an account for me in 2009. They advise me to go to lhdn nearby anc request the BE form of 2009 to be filled up. Is that correct, i means now is already year 2010 December, i still can submit the BE form of 2009?
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Officially you can submit Form BE 2009 as soon as possible based on the 2009 EA Form (Sep 2009 to Dec 2009) now.
Then next year (before 30 April 2011), submit the Form BE 2010. Subsequently, every year you need to submit unless LHDN advise otherwise.
ronnie
post Dec 27 2010, 05:03 PM

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@rain55: e-filling for YA2009 closed. You can submit the manual form via LHDN branches.
ronnie
post Dec 28 2010, 12:24 PM

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QUOTE(Marcian @ Dec 28 2010, 10:52 AM)
Is it worth putting in money for SSPN?  Let's say I'm taxable at the 19% bracket, and I put in RM3,000.  My taxable income will be reduced by RM3,000 and I save RM570.  Is it calculated like that?
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That's how we save lots of taxes...and treat it as savings for your child's future education.
Dividend for year 2009 was 2.5% p.a.
QUOTE
Withdrawals are allowed after a period of 1 year upon opening of an account.
There are 2 types of withdrawals:
10% withdrawal of current balance OR RM500, whichever is lower, once a year; OR
100% withdrawal (termination of account) in the following cases:
- The child is offered a place in any higher learning institution;
- The child has voluntarily withdrawn from the education system OR has been expelled for a specific reason;
- Suffering from an illness certified by a doctor as being incurable;
- Experience total permanent disability as certified by a doctor;
- Death of the child; or
- Death of the depositor.


ronnie
post Dec 29 2010, 01:25 AM

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QUOTE(ryoutoko @ Dec 29 2010, 12:42 AM)
May i know which formulae do u use in order i will get to pay for the pcb for certain month? thanks
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a very complex formula is used... let the payroll/HR system handle that
ronnie
post Dec 31 2010, 12:56 PM

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QUOTE(Banek @ Dec 29 2010, 12:57 PM)
hi  receive my EA form  from company for year 2010. What  should i do with this form?
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Your company's HR dept really efficient. Most company slow like snail only.
ronnie
post Jan 4 2011, 12:01 AM

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Maybe that co. pays on 15th of every month brows.gif
ronnie
post Jan 4 2011, 11:04 PM

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@Banek: with the EA form you can submit Form BE 2010 once it's available from LHDN
ronnie
post Jan 4 2011, 11:07 PM

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@David83: Keyword was once it's available from LHDN
ronnie
post Jan 8 2011, 05:37 PM

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it so easy to DIY for wage earners... Why waste money on an accountant for filing tax only?

Only claim books on the actual amount you paid to the cashier (after all discounts)
ronnie
post Jan 13 2011, 12:11 AM

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QUOTE(taxman @ Jan 12 2011, 04:30 PM)
anybody received 2010 form E
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What's form E ?
IRB has started sending the Form BE already... should get in the next few days

ronnie
post Jan 16 2011, 11:29 PM

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QUOTE(thefryingfox @ Jan 16 2011, 11:02 PM)
where can i get a criteria of this bracket?
looking high and lo but cant find any sport equipment list of can and donts.
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VERY CONFIRMED RM300 Sports Equipment Tax relief includes: Golf balls, Shuttle cocks, Tennis balls
ronnie
post Jan 17 2011, 09:51 AM

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QUOTE(jady @ Jan 17 2011, 04:23 AM)
My account clerk made stupid mistake by dumping extra money into my PCB deduction. Their best way to solve it, is by asking me to return back the money to company, monthly deduct my salary.  cry.gif  as they said, it's troublesome to get it back from LHDN.  mad.gif
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Fired the Accounts Clerk and the supervisor for not checking correctly.
ronnie
post Jan 18 2011, 12:22 PM

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QUOTE(Kaka23 @ Jan 18 2011, 11:17 AM)
Not working oversea, but workign inMalaysia. Just company from oversea but company and doesn not exist in Malaysia (no registeration company #).
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How can you work for such an illegal company ?
ronnie
post Jan 19 2011, 05:51 PM

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QUOTE(taxman @ Jan 19 2011, 04:40 PM)
why you so confirm and article to share?

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Go read the YA2009 booklet you get with your Form BE2009
ronnie
post Feb 2 2011, 11:45 PM

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QUOTE(fraulein @ Feb 2 2011, 11:33 PM)
Hi, as answered by some forumers earlier, I understand that PTPTN repayment is not entitled as tax relief. But if I'm planning to repay ptptn by salary deduction, will the annual income I filled in C3 (the one stated in EA form) is the income minus ptptn or just the original 12 month + bonus income?
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My answer would be: just the original 12 month + bonus income

PTPTN is just like any expenses which is not tax-exempted.
Get cheap loan and want tax-exemption ah ?
ronnie
post Feb 7 2011, 12:44 PM

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Where is the new Kelana Jaya IRB office move to ?
ronnie
post Feb 14 2011, 02:07 PM

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prelude3372: did you submit Borang TP1 to your HR for processing monthly ?

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