yup, the new PCB will be higher.    and another thing is: it is more complicated. make those HR Department and Tax Agent difficult life.

i dun understand why Beeeeeeeennnnddddddddd want to change this. the old system already established quite sometimes and everybody happy with that.

this is our Beeeeeeeeennnnnnnddddddddddd, bad thing never amend, good thing sure amend.

Bro, eventhough u wan to do accounts by yrself but at the end u must employ a tax agent to help u compute the tax for u.

to do a tax return he/she needs to be qualified under Section 153(3) of the Income Tax Act 1967. that's mean u cant be a tax agent and submit the return for yrself. u need to employ a qualified person are authorised to act on behalf of u for the income tax act purposes.

normally tax agent will help u do all the accounts, compute tax, fill in Borang B and submit it for u too. 1 leg kick all. u juz have to pay the agent fee.

r u good in accounting? if u have knowledge in accounting juz start do it with the cash book first. record all the receipts and payments side then do all the posting. normally, if u finished yr cash book u already done 80% of yr accounting works. when doing CB make sure u refer back with yr bank statement/chq butt so that no transaction are left out. after that records all the sales and purchases. then do Fixed assets & capital allowance schedule, Income statement and balance sheet.

make sure u kept all the payment vouchers, receipts and relevant documents at least 7 years. 

for your case u can ignore Section G 

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Added on March 27, 2009, 10:11 pm

u can talk to yr boss and ask him shift allowance change to meal allowances. meal allowances is not taxable.

start from YA 2009 meal allowances is fully exempted

really compulsory? i asked my sister and my friends, all of them only received EA form, no other extra stuff.

I recently got a letter from LHDN. I think they are processing my refund for Year 2005 even though I never asked for it(yet).
Bad thing is, in the letter they ask me to provide EA form and the PCB(II) receipts - for confirmation purposes.

now, obviously i have the EA 2005 form but my ex-company didn't give anything else.
So I must go back to the company to get the PCB statements?
I think the PCB matter should be between LHDN and employers. It appears LHDN trying to push some work to me.

Absolutely no doubt about it, even all their forms is in malay...... if the government is smart, it will provide tamil, chinese english malay... malay big the rest small???...no offense and no isa me....

lar? check? u should check? i actually registered in the web today even calling their help line, theres only one language for web registeration, u get the link here for english version e registration. period

The ruling is to prevent people mis-use the allowances and it is specific towards employee benefit not employer.

Because if not, instead of RM10k salaries as a directors post, one can split it into various allowance that are tax deductible which in the end still add up the same 10K, but with more tax deductible allowance, which they don't want people to mis-use or exploit on it.

go back 7 years to declare or risk being audited

If wife has zero income, choose combined to get the Tax Relief for Wife which is RM3000. If individual assessment, you don't get that.

Ketetapan Umum must be set to Setuju... ALWAYS !!! This is referring to the Public Ruling (aka rules of income tax)

if i'm not mistaken, compensation under VSS scheme is not entitled to the 10k compensation/year, please read the 2010 budget book (2009 Second Stimulus Package Section)