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 Income Tax Issues

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QuickFire
post Apr 11 2011, 10:53 PM

The more you sin the more you win
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Guys I'm a fresh grad, I only started working late last year so I won't have to file for tax, but I would like to know how the tax is charged.

I've always heard people saying there is no tax for those with monthly income less than RM 2500 monthly / RM 30,000 annually, but I can't seem to find this anywhere in the hasil.gov.my website. Is it true?

Anyway, say I earn RM 30,000 a year. My chargeable income would be something like
= RM 30,000 - 11% EPF - RM 9,000 personal relief - all other tax relief items

Correct? And once I arrive at that amount, I can use the list from http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11 to see how much I'm going to be taxed. Btw, that list is based on annual income right?
QuickFire
post Apr 11 2011, 11:07 PM

The more you sin the more you win
*******
Senior Member
2,867 posts

Joined: Jan 2003


QUOTE(David83 @ Apr 11 2011, 10:55 PM)
The list is annual taxable income bracket.
*
Well going by that list... if someone earns RM 1,500 per month/RM 18,000 annually, after deducting the personal tax relief and EPF, there will probably still be chargeable income? So it's not true that you have to earn above RM 2500 per month to be liable for tax?

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