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 Income Tax Issues

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leongal
post Apr 14 2010, 01:31 PM

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QUOTE(Eng_Tat @ Apr 14 2010, 01:01 PM)
salary is less then 2.5k cry.gif
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less than RM2.5k per month or per annum; but, no matter how low your income, just declare, it doesn't hurt to do so.....
leongal
post Apr 14 2010, 05:32 PM

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QUOTE(Eng_Tat @ Apr 14 2010, 02:31 PM)
2.5k permonth  cry.gif in that bracket i do have to pay anything rite
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is that gross or net salary? What is your total income under your Form EA that your employer should have given you?
leongal
post Apr 17 2010, 05:04 PM

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QUOTE(protonw @ Apr 17 2010, 04:04 PM)
How to use the husband life insurance which is under his name as payer as well as life assured? Any documentation needs to be done?
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i dont think this can be done.....
leongal
post Apr 21 2010, 01:51 PM

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QUOTE(hi_o_o @ Apr 21 2010, 01:42 PM)
1. Any one can explain what is this seksyen 132 and 133?
"Pelepasan cukai seksyen 132 & 133"
2. If my company give the vision care allowance, do i need fill in it the income column? Or it can be tax exempted?
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1.
# Pelepasan cukai seksyen 132 (Section 132 tax relief)

Tax deductions for income earned in Malaysia that is taxed by Malaysia and an overseas country (outside Malaysia) subject to the Double Taxation Agreement. Refer to the agreement for a list of applicable countries. This is to avoid double taxation of income by two different countries.

# Pelepasan cukai seksyen 133 (Section 133 tax relief)

Tax deductions for income earned in Malaysia that is taxed by Malaysia and an overseas country that does not have a Double Taxation Agreement with Malaysia.

Do you earn income from overseas?

2. Your company's EA form to you would have sum up the vision care allowance in your total income

Added on April 21, 2010, 1:53 pm
QUOTE(harrychoo @ Apr 21 2010, 09:18 AM)
How about dividen for other share, let say TM?
Need to declare?

I think the tax for that is around 25%
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is the company under the new single tier system? if so, no need

if it is still under imputation tax, then need - so that you can claim back the difference

This post has been edited by leongal: Apr 21 2010, 01:53 PM
leongal
post Apr 21 2010, 02:01 PM

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QUOTE(hi_o_o @ Apr 21 2010, 01:59 PM)
Thanks for your explanation.

Our gov should revise the income tax rate...max 100k is easily can hit, due to current inflation..
How long our gov doesn't revise the tax rate?

One more thing, one child only can deduct RM1000....This is too LITTLE!
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they might revise the rate after the implementation of GST, but not sure though....govt needs to balance up their budgets too (especially since we just overcome the global financial crisis)
leongal
post Apr 22 2010, 09:57 AM

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QUOTE(tishaban @ Apr 22 2010, 08:49 AM)
The tax relief on education fees, am I correct that the relief is only applicable to educational institutes within Malaysia? So classes taken in Singapore for example won't qualify?
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it has to be professional education, not all types of education

Added on April 22, 2010, 10:00 am
QUOTE(Chester @ Apr 21 2010, 11:09 PM)
hi all, if buy house/apartment, got tax deduction?
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first home, for own stay, purchase between jan 1 2009 to dec 31 2010, interest charged on loan up to rm10,000 - relief

This post has been edited by leongal: Apr 22 2010, 10:00 AM
leongal
post Apr 25 2010, 09:38 PM

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QUOTE(itanium2 @ Apr 25 2010, 07:25 PM)
Anyone has problem accessing the ehasil website?
https://spsd.hasil.gov.my/Pki/userlogin09.a...qjenisborang=BE

I am getting a "The page cannot be displayed" error after entering my IC and password.
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no problem accessing smile.gif
leongal
post Apr 26 2010, 10:02 AM

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QUOTE(sugarbaby @ Apr 26 2010, 12:04 AM)
hi all, hope the tax experts can help me..

in 2009, i've worked part time from dec 2008 till april 2009 (company A), then May - June 2009 (company B), and Sept 2009 till current (full time in company C)
My salary got deducted EPF and income tax cos it's above 3k.

The problem is, I can't get EA form from company A and B cos both companies already went 'kaput'. And I also duno where i put my salary slips already. I only have the salary slips from Sept - Dec 2009 via my current company.

So, when i do e-filing, shall I put my gross income from company A, B and C? I got paid insurance, which i know got tax relief..other than that, I dun have other stuff that I can deduct..

Sometimes I duno whether I overpaid or underpaid the income tax cos I never get any money back from LHDN and I never get letter from them asking me to pay also..

Pls help!!!
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yes, put in your gross income. in your case, you need to make sure that you overpay rather than underpay, to protect yourself....

while filling up, since there is no proof, make sure on your own side, you do the summary nicely....
leongal
post Apr 26 2010, 11:55 AM

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QUOTE(LYR @ Apr 26 2010, 11:13 AM)
from home to workplace or for official duties? if home to workplace, you can claim up to 2400 only whereas official duties is up to 6000. if it's not specified, then you can claim up to 6000. since yours is 7200 annually, the extra allowances will be taxable.
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you can claim (or deduct from your extra RM 1,200 taxable allowance) if you have traveling expenses with its supporting documents showing that you have completely used RM 7,200 in that year on travelling
leongal
post Apr 26 2010, 11:53 PM

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QUOTE(jonuslee @ Apr 26 2010, 11:51 PM)
icic. thanks for the reply. i already get the no rujukan cukai but i dun have the pin no . Can i through phone call to get the pin no so that i can do efilling?
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yes you can...
leongal
post Apr 27 2010, 12:09 PM

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QUOTE(protonw @ Apr 27 2010, 11:58 AM)
Can sifu here answer my question?  I have lumped all as pendapatan pengajian all these years.....
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yes, lump up is correct, because there is no deduction for site allowance
leongal
post Apr 27 2010, 04:43 PM

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QUOTE(truth_seeker_09 @ Apr 27 2010, 04:25 PM)
Question on Insurance portion.

if my wife and i do the assessment separately, can i move my wife insurance (life / Medical insurance) to my assessment?

no, you cannot do so....
leongal
post Apr 27 2010, 11:06 PM

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QUOTE(de.crystal @ Apr 27 2010, 10:59 PM)
wanna ask my dad is now 58, but is still working
does he need to pay for income tax
if so, whether can he claim back the monies which he had paid after his age of 55 and whats the procedure

thanks
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as long as you are earning income, you need to pay tax...
leongal
post Apr 28 2010, 11:25 AM

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QUOTE(w0ndering @ Apr 28 2010, 10:30 AM)
anyone get this letter saying "akaun tuan tidak menunjukkan apa-apa baki kredit yang boleh dibayar balik"? but from efilling there showed overpaid tax..
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did you owe irb in the previous years?
leongal
post Apr 29 2010, 03:16 PM

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QUOTE(bearbearhong @ Apr 29 2010, 11:54 AM)
last year i did received the same reply, but after a while, they sent another letter, said there is no excess payment in my account...i am just lazy to meet them for discussion, also worries if discuss with them, they may research more on the file, and come back to ask for more tax  sweat.gif

made a mistake in e filing, omitted my bonus received this year for 2009, i was told that it need to be declared for 2009..called Jln Duta LHDN moments ago and was kept on d line for 15 min, it seems like they just keep transferring my call and finally hang it up  vmad.gif
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how did you omit the bonus figure? not stated in the EA form? if it is not stated in 2009 EA form, then they should state it in 2010 EA form instead and you can then declare that rolleyes.gif

Added on April 29, 2010, 3:56 pmRead this:

Be wary of tax refund messages, public told

This post has been edited by leongal: Apr 29 2010, 03:56 PM
leongal
post Apr 30 2010, 02:48 PM

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QUOTE(accitzone @ Apr 30 2010, 11:30 AM)
got my refund cheque fr LHDN for the amt of rm 1.6k++ last week. last year was rm1.3k++ of refund......
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the refund cheque is by normal post, rite? rolleyes.gif
leongal
post May 15 2010, 09:00 PM

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it is more than a month that I submitted my tax, but yet to receive my refund sweat.gif
leongal
post May 23 2010, 06:55 PM

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QUOTE(patricktoh @ May 23 2010, 12:34 PM)
Submitted e-filing on 15-Mar. But untill now still no letter from LHDN. What's wrong???
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same here, probably there was "overload" that period
leongal
post May 27 2010, 02:23 PM

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i finally gotten the letter from lhdn stating that i will be receiving my refund cheque soon.... biggrin.gif
leongal
post Jun 11 2010, 01:17 PM

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QUOTE(p4n6 @ Jun 11 2010, 03:57 AM)
Anyone knows what is the penalty if I put an incorrect amount (over the actual amount) for deduction (not similar to receipt)?

Let say if the deduction is supposed to be RM1000 but I put RM1500 ... ? So, the refund becomes higher but few tenth of ringgit.
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recalculate the tax payable and notify the IRB asap

http://www.hasil.gov.my/lhdnv3e/individuIn...0and%20Compound
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