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 Income Tax Issues

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protonw
post Mar 30 2011, 05:37 PM

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Finally e-filed my tax. Waiting and see when and how they want to refund me. brows.gif
penangmee
post Mar 30 2011, 10:48 PM

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QUOTE(attahun @ Mar 30 2011, 11:12 AM)
you will be charged nil income tax if ur salary is less than rm2.5k a month the last i calculated, now may be increased further with additional allocations by gov. In any case income tax filing is a must upon making any income in malaysia with certain terms and conditions.

Failing to file the income tax even though tax value is nil may incur penalty by LHDN, rm50 if not mistaken.  tongue.gif
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Maximum penalty LHDN can charged is 3 x tax. So if tax value is nil what's the penalty? brows.gif Figure out your self. However be 100% sure that your tax value = 0.
jonuslee
post Mar 31 2011, 12:07 AM

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Hi guys, when is the last date to do e filling?
ronnie
post Mar 31 2011, 07:42 AM

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QUOTE(jonuslee @ Mar 31 2011, 12:07 AM)
Hi guys, when is the last date to do e filling?
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Every year the deadline is 30 April for Form BE
wufei
post Mar 31 2011, 07:48 AM

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Roger
attahun
post Mar 31 2011, 10:48 AM

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QUOTE(penangmee @ Mar 30 2011, 10:48 PM)
Maximum penalty LHDN can charged is 3 x tax. So if tax value is nil what's the penalty?  brows.gif  Figure out your self. However be 100% sure that your tax value = 0.
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you only mention maximum value.. there shall be a minimum value, and failure to declare even though nil value is charged under "evading tax" or some sort, it is not charged against value of tax but rather fined or penalty..this was discussed before in one of the income tax thread..
arsenal
post Mar 31 2011, 11:03 AM

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Did anyone get 40 cent extra for their tax refund through BSN / CIMB (through direct debit)? anyone can confirm ? Thanks
ronnie
post Mar 31 2011, 02:32 PM

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QUOTE(arsenal @ Mar 31 2011, 11:03 AM)
Did anyone get 40 cent extra for their tax refund through BSN / CIMB (through direct debit)? anyone can confirm ? Thanks
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that's nice of LHDN to give you some interest.
Did you check the e-Lejar on the additional 40sen ?
Badakitten
post Mar 31 2011, 02:57 PM

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Hello lym..i just receive my EA form from my employer. But i dont really know how it works, and i've gone through the BE explanation note from LHDN but still cant understand it very well. SO really need some help here.

1. My total income for this year is RM25,7xx.
2. PCB = RM49
3. Tax Exclusions = RM69.
4. There is no deduction for PCB made at my salary at the moment.

The question is, how they get the PCB and tax exclusion value? and do i need to pay tax in this case? and last but not least, how am gona pay it. If there is any site on this page telling that, pls direct me over there.

Thx.
arsenal
post Mar 31 2011, 03:03 PM

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QUOTE(Badakitten @ Mar 31 2011, 02:57 PM)
Hello lym..i just receive my EA form from my employer. But i dont really know how it works, and i've gone through the BE explanation note from LHDN but still cant understand it very well. SO really need some help here.

1. My total income for this year is RM25,7xx.
2. PCB = RM49
3. Tax Exclusions = RM69.
4. There is no deduction for PCB made at my salary at the moment.

The question is, how they get the PCB and tax exclusion value? and do i need to pay tax in this case? and last but not least, how am gona pay it. If there is any site on this page telling that, pls direct me over there.

Thx.
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First go register pin number first...and then can do e filing
Badakitten
post Mar 31 2011, 03:23 PM

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QUOTE(arsenal @ Mar 31 2011, 03:03 PM)
First go register pin number first...and then can do e filing
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Does it means i need to pay tax already? shocking.gif
protonw
post Mar 31 2011, 04:20 PM

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QUOTE(Badakitten @ Mar 31 2011, 03:23 PM)
Does it means i need to pay tax already?  shocking.gif
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Registration and filing doesn't mean you have to pay tax already. Filing without paying tax is just a record in the tax department.

My calculation, total income of rm30k-9k personal relief, -2.7k EPF - rm400 rebate (for chargeable income below rm35k), you need to just pay minimal tax. Since yours only 25k+, then no need to pay tax.... rclxms.gif
gila99
post Mar 31 2011, 04:33 PM

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How to fill up that form be really, i cant even understand any word from it..fill what , what to fill? where i can get help for those thing the C1 column bla bla bla ?it was so complicated
Badakitten
post Mar 31 2011, 04:42 PM

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QUOTE(protonw @ Mar 31 2011, 04:20 PM)
Registration and filing doesn't mean you have to pay tax already.  Filing without paying tax is just a record in the tax department.

My calculation, total income of rm30k-9k personal relief, -2.7k EPF - rm400 rebate (for chargeable income below rm35k), you need to just pay minimal tax.  Since yours only 25k+, then no need to pay tax....  rclxms.gif
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That answer my question very well. Thank you! smile.gif notworthy.gif
protonw
post Mar 31 2011, 04:51 PM

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QUOTE(gila99 @ Mar 31 2011, 04:33 PM)
How to fill up that form be really, i cant even understand any word from it..fill what , what to fill? where i can get help for those thing the C1 column bla bla bla ?it was so complicated
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If you really dont understand a word, then maybe give them a call and ask whether there is any roadshow arround your area or shopping mall, then go and ask them to show you how to do it. Else employ a tax agent. tongue.gif
foong_14
post Mar 31 2011, 05:22 PM

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Hi would like to check with some tax expert here (if any), i was working 6 months in singapore in 2010 however all my income was paid in malaysia. do i need to declare my income such as transport allowance as gross income? as i use these money to travel back and forward to kl. and the ea form i got is all the accumulative amount including all the transport allowance. can i minus the allowance from the gross amount from ea form?
ronnie
post Mar 31 2011, 06:40 PM

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e-BE submission : 15 March 2011
Refund received : 31 March 2011
Refund method : Cheque (from CIMB Islamic)
Bank Account : Maybank

For those who wants their refund via Bank Transfer, should put CIMB account number.... The reason I guess is the LHDN Jabatan Pungutan uses CIMB Islamic current account. Transferring funds from CIMB to other banks involve IBG charges...
rayfoo
post Apr 1 2011, 06:40 AM

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i'm not promoting or anything, but you might wanna try www.taxsaya.com , they have a software to help you out
QUOTE(gila99 @ Mar 31 2011, 04:33 PM)
How to fill up that form be really, i cant even understand any word from it..fill what , what to fill? where i can get help for those thing the C1 column bla bla bla ?it was so complicated
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careyluv
post Apr 1 2011, 11:41 AM

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Any tax agent here as there're some questions need to ask, public forum not convenient. As my fren have not pay tax all this years. N he was advised to do a few things which i'm unsure can help him or not. Kindly PM me, thx.
groggy
post Apr 1 2011, 12:51 PM

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QUOTE(ronnie @ Mar 31 2011, 07:42 AM)
Every year the deadline is 30 April for Form BE
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Have u guys received the BE form? Seems to be late this year. I prefer that to efiling.

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