This post has been edited by babychai: Apr 9 2009, 10:47 PM
Income Tax Issues
Income Tax Issues
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Apr 9 2009, 10:16 PM
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Senior Member
779 posts Joined: Apr 2008 From: Petaling Jaya |
we have to pay tax is becoz money is belong to governtment. it's govt make the money not u. now take out your money note and you'll saw got our beloved Agung head one. so "taxable portion" give to govt is the right thing to do. somebody agree with me?
This post has been edited by babychai: Apr 9 2009, 10:47 PM |
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Apr 9 2009, 10:20 PM
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Senior Member
1,491 posts Joined: Sep 2008 |
QUOTE(Ken @ Dec 11 2008, 11:07 AM) first, you go lhdn website download the pcb table ... I think you made a mistake on this " 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 ". 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 ... Should be RM2,500 Per month or RM30K per year. then it is taxable. Added on April 9, 2009, 10:53 pmAnybody know when is the Due date for Borang M? This post has been edited by Seremban_2: Apr 9 2009, 10:53 PM |
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Apr 10 2009, 12:23 AM
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Senior Member
606 posts Joined: Jan 2003 |
QUOTE(Seremban_2 @ Apr 9 2009, 10:20 PM) I think you made a mistake on this " 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 ". From RM27k a year and above is about right to start paying minimum tax. (few ringgit worth of tax). Should be RM2,500 Per month or RM30K per year. then it is taxable. Added on April 9, 2009, 10:53 pmAnybody know when is the Due date for Borang M? I think the RM2.5k per month you've mentioned is referring to the STD/PCB schedule. Altough you earn less than RM2.5k per month, you could still be subject to tax even if you don't have bonus. However though, the tax liability will be very minimal. This post has been edited by legiwei: Apr 10 2009, 12:24 AM |
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Apr 10 2009, 07:49 AM
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Junior Member
346 posts Joined: Oct 2005 |
have a question here.
income tax is for previous year of assessment, which mean this year we are doing the income tax declaration for year 2008. here's the question, does it mean from Jan '08 to Dec '08 or from Mac/April '08 (the month we pay tax) to Mac/April '09? reason behind this question is that suddenly i receive another EA form from my previous company. i'm really confused to the max here of which amount to declare. at first was clear till my previous company suddenly send me another EA form. |
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Apr 10 2009, 09:46 AM
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Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(keeseng12 @ Apr 10 2009, 07:49 AM) have a question here. Declare tax from Jan-Dec.income tax is for previous year of assessment, which mean this year we are doing the income tax declaration for year 2008. here's the question, does it mean from Jan '08 to Dec '08 or from Mac/April '08 (the month we pay tax) to Mac/April '09? reason behind this question is that suddenly i receive another EA form from my previous company. i'm really confused to the max here of which amount to declare. at first was clear till my previous company suddenly send me another EA form. Look closely at your previous company EA form. If it is for salary Jan'08 to Dec'08, then you will declare it in year 2009. If it is salary for Jan'09 to Mar'09, then keep the EA form and declare it in year 2010. |
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Apr 10 2009, 04:45 PM
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Junior Member
346 posts Joined: Oct 2005 |
QUOTE(cute_boboi @ Apr 10 2009, 09:46 AM) Declare tax from Jan-Dec. thanks for the clarification.Look closely at your previous company EA form. If it is for salary Jan'08 to Dec'08, then you will declare it in year 2009. If it is salary for Jan'09 to Mar'09, then keep the EA form and declare it in year 2010. the situation is like this. I was working for my previous company from 2007 till May 2008 and join new company on the following week till present. Previously, after i quitted my previous company, they gave me an EA form indicating an amount of money (which i presume it should be salary from Jan 08 till May 08). The tile of the EA form is written "Till December 2008". (let say the amount of gross salary is around RM11K) Then yesterday, i received an additional EA form from my previous company again. the amount of gross salary is around RM2K. which making me believe that it should be for May 08 (that month itself). It's quite confusing. |
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Apr 10 2009, 04:52 PM
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Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(keeseng12 @ Apr 10 2009, 04:45 PM) thanks for the clarification. Call up and get clarificaiton from your previous Jan-May'08 employer. If it is clear up as e.g. salary after leaving or bonus paid, etc. then just total up for Penggajian:the situation is like this. I was working for my previous company from 2007 till May 2008 and join new company on the following week till present. Previously, after i quitted my previous company, they gave me an EA form indicating an amount of money (which i presume it should be salary from Jan 08 till May 08). The tile of the EA form is written "Till December 2008". (let say the amount of gross salary is around RM11K) Then yesterday, i received an additional EA form from my previous company again. the amount of gross salary is around RM2K. which making me believe that it should be for May 08 (that month itself). It's quite confusing. Jan-May'08 + May'08 extra + Jun-Dec'08 new job = 11k + 2k + ??k |
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Apr 10 2009, 08:51 PM
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Junior Member
127 posts Joined: Feb 2007 |
guys.. need some help and advise here. last year i did my tax return for yr07 and i file in PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN which is for yr06.. today i received a letter from lhdn asking me to pay for my yr 07 tax plus fine. i also read in the letter that i can make an appeal if i don't agree to the amount. i'll like to know how can i go about doing the appeal? what should i write? can anyone help?
This post has been edited by leahcim: Apr 10 2009, 08:59 PM |
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Apr 10 2009, 10:30 PM
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Senior Member
732 posts Joined: May 2008 |
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Apr 10 2009, 10:48 PM
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Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^ |
ANY GUIDELINESS AS TO THE RELIEF AND WAY TO REDUCE TAXABLE INCOME?
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Apr 11 2009, 09:52 AM
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Junior Member
346 posts Joined: Oct 2005 |
QUOTE(cute_boboi @ Apr 10 2009, 04:52 PM) Call up and get clarificaiton from your previous Jan-May'08 employer. If it is clear up as e.g. salary after leaving or bonus paid, etc. then just total up for Penggajian: thanks a lot. i called LHDN that day and ask regarding if they provide any consultation on how to declare your income tax. something like you take your documents to accountancy firm for them to help you to fill the income tax. they said yes, they do provide such help. but is it wise idea? it's like they will dig out my record and it'll be hard for me to "run tax". Jan-May'08 + May'08 extra + Jun-Dec'08 new job = 11k + 2k + ??k but here's the situation, i have an amount of income undeclared in 2007 and i've paid the PCB (RM137) and i feel over these years, i been paying more than what i should be. seeking for direct help from LHDN might help me to clear up everything. but seriously, i'm not sure if this is wise move. can anyone help me in this? or anyone tried their help before? |
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Apr 11 2009, 02:45 PM
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Newbie
4 posts Joined: Sep 2005 |
hi, need some help with my tax deduction.
under my EA form, it is stated elaun: Touch n GO. That means i can deduct it from my total salary right? cause i do not see any column for travel expenses. |
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Apr 11 2009, 04:36 PM
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Junior Member
34 posts Joined: Feb 2009 |
I heard that this year assessment, transport allowance & mobile phone bill paid by employer are exempted from tax. It was stated in my payslip too so it's been taxed under PCB.
Now I can't find any section in e-filing (Borang BE) to fill in this exemption. Can anyone help on this? Thanks! This post has been edited by wlovey: Apr 11 2009, 04:36 PM |
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Apr 11 2009, 04:59 PM
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All Stars
21,313 posts Joined: Jan 2003 From: Kuala Lumpur |
Can I print the copy of the BE and Slip Pengesahan after I submit the details online ?
Eg. submit at home but print in office |
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Apr 11 2009, 10:14 PM
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Junior Member
34 posts Joined: Feb 2009 From: Penang |
QUOTE(wlovey @ Apr 11 2009, 04:36 PM) I heard that this year assessment, transport allowance & mobile phone bill paid by employer are exempted from tax. It was stated in my payslip too so it's been taxed under PCB. Forget about your pay slips. You should fill up your BE Form using details from your EA Form. When the pay slips were prepared, the exemptions were not announced yet.Now I can't find any section in e-filing (Borang BE) to fill in this exemption. Can anyone help on this? Thanks! If the incomes are exempted, you do not have to fill up in your Form BE. Only taxable income are required to be filled up in Form BE. Added on April 11, 2009, 10:18 pm QUOTE(hoaxer @ Apr 11 2009, 02:45 PM) hi, need some help with my tax deduction. All non-taxable income are group together and appear in Item G in your Form EA. These income do not need to be declared. If your 'Touch n' Go' appears in in any other item other than G, it is taxable. You should ask your HR department why they treat this as a taxable item. They may have their reasons.under my EA form, it is stated elaun: Touch n GO. That means i can deduct it from my total salary right? cause i do not see any column for travel expenses. This post has been edited by gtchye: Apr 11 2009, 10:18 PM |
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Apr 12 2009, 10:28 PM
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Junior Member
12 posts Joined: Mar 2009 |
A question to ask, Is all existing Insurance Company Product tax deductable.
Example ING Insurance, Where the company buy insurance for the staff.? taxable?? |
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Apr 12 2009, 10:50 PM
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Senior Member
643 posts Joined: Nov 2006 From: Johannesburg |
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Apr 13 2009, 02:23 PM
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Senior Member
1,473 posts Joined: Nov 2005 |
QUOTE(keeseng12 @ Apr 11 2009, 09:52 AM) thanks a lot. i called LHDN that day and ask regarding if they provide any consultation on how to declare your income tax. something like you take your documents to accountancy firm for them to help you to fill the income tax. they said yes, they do provide such help. but is it wise idea? it's like they will dig out my record and it'll be hard for me to "run tax". if u r in penang I suggest u do go lhdn. they may even say, kenapa u kasih tahu, ini tak payah punya ...but here's the situation, i have an amount of income undeclared in 2007 and i've paid the PCB (RM137) and i feel over these years, i been paying more than what i should be. seeking for direct help from LHDN might help me to clear up everything. but seriously, i'm not sure if this is wise move. can anyone help me in this? or anyone tried their help before? worst case scenario is you file it correctly and pay more, its a good lesson to learn from the reliable correct source trust me, this kacang putih not consider run tax, your experience after visiting them may help you really run tax in future ... go lah. other states not sure coz no first hand experience, but above should generally apply everywhere |
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Apr 13 2009, 05:10 PM
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Senior Member
1,200 posts Joined: Oct 2008 From: Simpang Ampat, Penang |
hi all, i need help from this issue,
If I am working for oversea company (europe) based in Malaysia as technician for south east asia markets. My company pay me salary to local bank every month. But my company not register in Malaysia, and I also not pay for EPF. Should I pay for Incometax? thanks for your answer |
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Apr 13 2009, 06:38 PM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur |
Hi,
just want to know if I haven't declared my paprt-time jobs income for year 2006 and 2007, should I declare it together with year 2008's? Where should I get the Borang B from? |
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