@wee: i'm out of the country so i can't check, but if i'm not mistaken my housing loan statements don't show the breakdown of interest paid vs principal repayment. maybe get your bank to give you a breakdown?

@ronnie: wah ... apparently i'm owed some money by LHDN: 01/01/2011 BAKI AWAL 666.99 kt

I have no idea why I have money with LHDN ... and no idea what 'Baki Awal' means ...

Nah, I am calculating based on Max allowable relief per person RM10000. Didn't know that RM10k is max per house.
I'm asking because it doesn't make sense at 1st.

Thanks!

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Added on March 26, 2011, 4:44 pm

Thank you so much!
I do agree with you. So, actually we dont have to use that formula to calculate right?

I was thinking if me and my partner are paying rm4000 total interest, each rm2000 interest, both of us are eligible to claim tax relief of rm2000 per person.
If calculate based on B/C, it will be rm5000 x 1/2 = rm2500...    (or I phail in Maths? haha)

Understood now! Thanks all..

May I know whether IRD has sent out BE forms for YA2010? Is the last date of submission end April?

May I know whether IRD has sent out BE forms for YA2010? Is the last date of submission end April?

Just wondering....

For those taxable income above 70k, any excess above this will be taxed 26%.  So those share divvies and unit trusts tax were charged by companies at 25%, do you still report all those into personal tax and pay another 1% on top of the company tax. Thank you for sharing.

those divvies have already been taxed before paying you...why wanna pay again?

As divvy is another source of income, we have to add into our personal tax, No? Or we can choose not to disclose our dividend received though it was taxed at 25% and taxpayer is now under the maximum tax bracket ie 26%.  Anyone??

As i knew, the Divvy reporting is optional. you can choose not to disclose but you cant claim back the balance tax (for those taxable income below 26%)

dear forumers, may i ask..

if my annual income is less than 35k (lets say my anual income is 28k) and im still single. am i entitled for rm400 tax rebate?

i search at LHDN site, there's got RM400 tax rebate for individual.. im confius if they only entitled for married individual only?

sry for silly question, its my 1st year to pay tax

those divvies have already been taxed before paying you...why wanna pay again?

As divvy is another source of income, we have to add into our personal tax, No? Or we can choose not to disclose our dividend received though it was taxed at 25% and taxpayer is now under the maximum tax bracket ie 26%.  Anyone??

As i knew, the Divvy reporting is optional. you can choose not to disclose but you cant claim back the balance tax (for those taxable income below 26%)

So for those on the maximum tax bracket got to pay additional 1% if report.  Is it lawful not to report  I called Tax department officer and he said I can choose not to report but I dont know what he said is correct....

Numbertwo : Those are taxable dividends

protonw & stupidGuyPlayComp : It is an offence for not disclosing. Penalty with be served upon if IRB find out this during desk or field audit.

Rebate is for if your chargeable income IS below RM35k.  Chargeable income is income after deducting all deductable....

ya i know that..
mine is only around 15k after deducting all those relief..

total tax i must pay is RM341..
if i am entitled with dat RM400 individual rebate, how? no need to pay at all?

Then you no need to pay and no refund too.

really? sounds good..
but i still have to check with my office accountant..

coz afraid the individual rebate is entitled for married person only