Deposit it and let it bounce...

Hi All,

Reading this helped clear some of my doubts. Still got a few questions hopefully some can help with, thanks yeh.

If an employee makes 2500 a month/ 30000 annually, the net salary is 2500 - EPF(11%) = RM2212 ... roughly. There are no PCB cuts. I'd like to know, what is the limit to which income tax is chargable?
Is it when annual salary > 30k? or when net salary ( 30k - EPF) is > RM30k?

And I've seen in the LHDN websites as well as here, an employee is entitled to this Personal Relief of RM8k. Does this mean to say for example:
An employee is paying RM400-500 a month for tax thru PCB. This amounts to RM 4800 - RM 6000 a year. With the RM8k personal relief thing, does it mean the employee can claim back the total amount paid thru PCB?

If i am given fixed traveling allowance by my company. Can i put in a tax rebate? Where shall i put it in ? e.g. My traveling allowance is rm 600 a month

I have travel allowance too. But where should I put the claim in the tax form. I don't see any travel allowance claim or related to deduct.

i got a question about purchase a computer and you can deduct income tax.

max is RM3,000 right?

let say if i buy a cpu(build according to my request spec) with keyboard(no moniter)+random brand mouse total Rm2,500 writen in one bill in 2010

can i deduct this 2,500?

or do i have to buy like say a whole package product to deduct income tax?

thanks in advance

wahhh....    

wondering ur monthly income...  

i think this year is a good year to claim from IRB as everyone is overtax the so called "flag" should be much much higher this year. all my friends averagely claim 1k +