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?
Income Tax Issues
Jun 25 2009, 12:14 PM
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