Guys, I am having my own business from January this year hence i already registered for income tax. Is my deadline April or June 30th?

Btw i have a question. I took PTPTN loan for my degree, and the total interest is around 13 to 14k (15 year loan). Is this amount deductable? I declared my 2009 income tax already, and wonder if the interest is deductable? I heard it is.

If you are talking about petrol allowance from home to work, then yes, it is tax exempted up to RM2.4k per annum. However for official use, it is tax exempted up to RM6k per annum.


Those with business income should be the June 30th deadline.

Employer must state 2'two' kids of transport allowances
1. Allowance for expenses from home to office - RM 2400 exempted
2. Allowance for expenses for official purpose - RM 6000.00 exemped
MUST be documented clearly


Nope.

it should be stated in the employees' remuneration package

unicef donation falls under which column in the tax relief ?

shd be under C8A Hadiah wang kepada instituisi atau organisasi diluluskan

it is mention in my pay slip with transport allowance, but in ea form just stated total lum sum, how do we declare on e-filling? since there are no colume to deduct this transport allowance? or we just deduct from total annual income?

should rectify with your employer, this amount should be in Part G of your EA form (exempt income) and should not be included into your total income

you deduct from total annual income. Be sure that your total annual income has not yet minus the transport allowance maximum coz sometimes HR dept already considered the allowance and did not add in into the total annual income like leongal mentioned (they put under part G), do your own calculation to confirm. Bonuses also go into total annual income.

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Added on March 4, 2010, 11:27 amnever heard bout the loan interest deductible, at the moment only interest on housing loan is deductible..correct me if i'm wrong. The degree fees are deductible if you did it in 2009, up to a maximum value of rm5k. Others deductible if you open SSPN account up to rm3K and also if you have any education insurans.

This post has been edited by attahun: Mar 4 2010, 11:27 AM

it is not tax relief

it is under the "Aggregate Income" call - Less: Donations and Gifts, in the section "Statutory Income and Total Income"

addins..
something like this,

Agg Incm
(-) Donations
=Total Incm
(-)Reliefs
=Chargeable Incm
First amount
Next remaining amount x rate
Total Tax Payable
(-)Rebate
Remaining Tax Payable

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Added on March 4, 2010, 1:31 pmalways remember the 7% matter in individual donations. company is 10% of aggregate income.

This post has been edited by menmissed: Mar 4 2010, 01:31 PM

Is the relief for parents medical expenses (5k) is covered for normal clinic visit or perform medical check-up??

can we claim for personal medical expenses ?

@WannaGetBuffed
Check up at certified practisioner only.

@sootienann
No.

Only for Full medical checkup, limited to RM500.

Jumlah elaun/perkuisit/ pemberian/ manfaat yang dikecualikan cukai

anyone know where to fill up this part to online borang BE?

thx

no nit to include into the borang BE because this is tax-exempted

Is my SOCSO contribution available for tax relief? Does it fall under life insurance?

Nope