if the house is purchased for own stay, your first house and you are not renting it out, and the purchase is between march 31 2009 to dec 31, 2010, you are eligible to claim the housing loan interest - the amount of interest paid can be obtained from the bank you are loaning from.

interesting, thanks for period mentioned. so it seems to be the right time to buy a house!

Can somebody elaborate this? Lets say how to split the replief between husband and wife...lazy to google..

If all the parts are bought within a reasonable time period and it adds up to a full working set then YES,
ps no missing bits eg keyboard

then does it apply the same if i bought on different shop but i assembly myself??

The gray area is always on how the receipts is being issued

can always take pictures of all the HW parts, and also a picture of u assembling the PC, file the picts together with the HW receipts as proper documentation, hehe

hi .. wana know more about the following... gona relief to max .. haha

Tolakan cukai seksyen 110 (lain-lain)
Section 110 tax deduction (others)

Pelepasan cukai seksyen 132
Section 132 tax relief

Pelepasan cukai seksyen 133
Section 133 tax relief

What's the max amount you could claim for books???

also, if I am being paid a housing allowances, but my rent is more than the allowances. Can I claim the differences under maintaing accomodation provided by employer?

EPF can deduct too? How do they calculate EPF deduction?

I've found 'Life Insurance and EPF' but don't quite get it.

Do you know where can I refer to, a more detailed tax relief. Like it stated there 'Purchase of sport equipment for sport activities', I have no idea what kind of sport equipment can I buy. And I have no clue what is self dependent, basic supporting equipment, ordinary child relief and a few more.

http://www.hasil.gov.my/lhdnv3e/individuIn...le=Tax%20Relief

This post has been edited by zeist: Apr 2 2010, 06:34 PM

Hey guys,

I still haven't declare my income tax yet because my earnings last time haven't reached the amount yet but this year I need to do so. I heard there will be a fine upon offender like me. How much?

Will be going to the Klang Branch to declare my income tax.

What are the things needed to bring? Do I need to bring passport size photos? Please advise on this.

Another question, normally when do they announce the new income tax relief deduction? The things that we can deduct from (i.e. PC, books and etc.)

I know the recent submission for last year was in Feb, so they will announce the new one in the month of January?

So far I only know about EA and BE forms in this thread. I've just received a EA form from one of my previous company.

Let say in the previous year, I've worked with 2 different company but I only have one EA form, the other didn't send to me. Can I use my pay slip as proof? Or no matter what EA form must be submitted together with BE? And, what if I don't have both EA and pay slip?

* An example, let say if a person earning RM6,000 per month, RM72K annually, roughly about how much the person need to pay for tax?

I'm new to income tax.

Thanks.

This post has been edited by zeist: Apr 2 2010, 06:28 PM

Yes, EPF can be deducted. There will be a column in your EA form (from your company) stating the amount of EPF that you have contributed. With that value, you insert it into your tax form accordingly - Under "Life Insurance and EPF" (Max of RM5000 is not mistaken).

What it means by Life Insurance + EPF is that if you purchase insurance (let say medical and life insurance), your insurance company will send you a letter indicating the amount of premium that you have paid over the year as Life Insurance. With that amount, u add it up together with your EPF contribution.

The rest i'll leave it to others to explain them for you because i'm not really sure either.

regarding the Income Tax issues, how many earning income per annum that is required to submit the income tax BE form?

I just got the EA form from my employer, from calculation there, stated total is >RM30,000 (included 2009 Bonus)

I never been opened income tax file before, this is my first time, any advice?

thanks!

This post has been edited by th82: Apr 2 2010, 08:56 PM

It still applies but make sure all parts = 1 complete set.

Each individual is allowed an amount of relief for each year based on the following formula:
A x B
C
where;
A = total interest allowable in the relevant year;
B = total interest expended by the relevant individual in the relevant year;
C = total interest expended by all the individuals.

A = RM 10000 (max allowable)

Example, in year 2009, you paid RM5000 for the house interest and your wife paid RM5000;
C = Total interest = RM10000

Your amount of relief = RM10000 x RM5000/RM10000 = RM5000
Your wife amount of relief = RM10000 x RM5000/RM10000 = RM5000

I guess it should be like that, correct me if I am wrong.

---

Added on April 2, 2010, 10:36 pmHousing Loan Interest relief is only applicable for S&P signed between March 2009 - Dec 2010..

This post has been edited by lala01: Apr 2 2010, 10:36 PM

wow...photo as a supporting documents? before and after? @.@

how about record a video while u assembling yr PC? IRB officer sure nothing to say. LoL~

looks ok..but how does my wife pay the interest? the loan shall be on my own name and i will be paying (as it may seem)..does this term allow me to split the amount of interest to my wife if i feel like it?

interest apa

you can check out my calculator to get an idea on how the tax are calculated..

EA form should be your basis to pay tax as it will declare the amount paid to you and also other tax exempted allowance provided to you as well as KWSP contributions.

I suppose using payslip is possible but when audited (if ever you are audited) you shall need to do a lot of explaining..

This month's PCB deduction (for wage earners) has increased... anyone noticed that?

They have a new PCB table now. It's different from previous two years ago.