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 Income Tax Issues v2

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SUSDavid83
post Apr 17 2013, 10:50 PM

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QUOTE(Dino168 @ Apr 17 2013, 10:36 PM)
Question : Interest gain from FD placement, need to declare in B3 (Statutory income from interest, ..... etc)?
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No need for FD. It's not investment. It's saving or time deposit!
SUSDavid83
post Apr 18 2013, 08:38 AM

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QUOTE(Joy~ @ Apr 18 2013, 08:11 AM)
Mine is Prudential....I didnt see this statement in the premium statement.  Does it applicable to all insurance companies?
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Annual premium summary. Definitely will state one.
SUSDavid83
post Apr 18 2013, 06:56 PM

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QUOTE(13aby @ Apr 18 2013, 06:54 PM)
Hi, may i know how much salary min to get the income tax? I heard is depends on the basic not total right?
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It's actually depends on annual chargeable income.

The PCB serves as a guideline for deduction.
SUSDavid83
post Apr 19 2013, 03:21 PM

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QUOTE(ngaisteve1 @ Apr 19 2013, 02:20 PM)
Hi,
Anyone knows how to put this dividend at ehasil?  notworthy.gif

This is because for all this unit trust or share dividend, they charged you max 25% first. So, need to declare back for refund.
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There's a tutorial by FSM at post 1.

From your attached tax voucher, there's no tax imposed since taxable income and Malaysian tax are both 0
SUSDavid83
post Apr 19 2013, 04:09 PM

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QUOTE(ngaisteve1 @ Apr 19 2013, 04:08 PM)
I didn't went to FSM post 1 but the info there doesn't help.

Yes, this one is zero but some of my other slip got value in it.
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Not FSM thread.

Post #1 of this thread. I have put a guide written by FSM on how to fill the HK3 section.
SUSDavid83
post Apr 21 2013, 03:58 PM

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QUOTE(loyalkkk @ Apr 21 2013, 03:47 PM)
I'm full time salary employee. If my salary is RM3000(gross income), do I need to register in LHDN by myself or my company will automatically help me to register?
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Please check with your company HR.
SUSDavid83
post Apr 21 2013, 03:59 PM

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QUOTE(fahrur_07 @ Apr 21 2013, 03:10 PM)
why only from 10 Mac 2009 to 31 Dis 2010?
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QUOTE(penangmee @ Apr 21 2013, 03:21 PM)
Why allow deduction?
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To spurs the property sector during global economic downturn.
SUSDavid83
post Apr 22 2013, 07:36 AM

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QUOTE(aoisky @ Apr 22 2013, 07:10 AM)
My Nov 2012 Tax deducted only on Jan 2013 should I put the amount under 2012 BE form ?
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Do you have your EA form at first?

Please fill in according to your EA form.
SUSDavid83
post Apr 22 2013, 06:02 PM

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QUOTE(Violet Ling @ Apr 22 2013, 05:45 PM)
sorry, i cant get what you mean..
yes, dividend had been tax and calculated either quarterly or half yearly

what about the profit? cos it fluctuate daily up to 31 Dec 2012..
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Capital gain is not taxable.

Only the distribution/dividend is taxable at 25% rate.
SUSDavid83
post Apr 23 2013, 09:27 PM

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QUOTE(nujikabane @ Apr 23 2013, 09:18 PM)
What's the minimum wage amount in which tax is chargeable?
It is RM3k now right?
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For Category 1 (Single), Total Monthly Remuneration (upon EPF deduction) must be equal or greater than 2451 based on 2012 PCB table. Start from 2451 - 2500, you'll be deducted RM 10 monthly.

QUOTE(WhatMan @ Apr 23 2013, 09:23 PM)
For "Statutory income from employment", where exactly do you start to calculate? Is it from Jan 2012 to Dec of 2012, or March 2012 to March 2013?
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For calendar year, meaning January 2012 to December 2012 for YA 2012. Please use your EA form as guidance.
SUSDavid83
post Apr 23 2013, 09:40 PM

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QUOTE(WhatMan @ Apr 23 2013, 09:36 PM)
Thanks.

Also, why I am getting "No. Rujukan Tidak Sah" ?

I have the employee no., its 9 digit long, am I missing something?
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E with a leading zero for No. Majikan.

Not sure about which No. Rujukan
SUSDavid83
post Apr 23 2013, 10:11 PM

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QUOTE(WhatMan @ Apr 23 2013, 09:50 PM)
When I enter my No. Majikan/Employee's No, then click SAVE & CONTINUE, I get that "No Rujukan Tidak Sah".

If I leave it blank, I can proceed. I even check my employee number and I'm sure I got it right.
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Put a leading zero (in front) and see.
SUSDavid83
post Apr 23 2013, 10:29 PM

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QUOTE(nujikabane @ Apr 23 2013, 10:23 PM)
Meaning that, if it is lesser than 2451, then I do not have to pay tax?

My schedular tax deductions is making me dizzy, as I am not seeing regular amount paid.

I was deducted RM1.25 for July & Aug, RM5.80 for Sep, but a whopping RM236.15 (Jun) and RM747.75 (Dec).
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Is there any bonus received on June and December? If yes, the number will be different.

You better clarify with your payroll team.
SUSDavid83
post Apr 23 2013, 10:52 PM

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QUOTE(nujikabane @ Apr 23 2013, 10:37 PM)
Yes, that is very good idea smile.gif

Anyway, the term 'salary' means the gross pay, right?

I have deductions from my salary, e.g personal loan, and PTPTN.

Meaning that :

Gross : 3,xxx
Deductions : 1,xxx
Gross : lesser than 2,451

If salary means gross, than I would need to pay tax.
But if it means net, I do not have to.

Right?
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Total Monthly Remuneration as defined by LHDN for scheduler tax deduction is after EPF deduction only.

Scheduler tax is just an estimation.

At the end of the day, your annual taxable income will determine whether your annual PCB payment is insufficient (have to pay), sufficient (no need pay) or excess (can be refunded).
SUSDavid83
post Apr 24 2013, 01:28 PM

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QUOTE(nujikabane @ Apr 24 2013, 12:46 PM)
Thanks!

By the way, the deductions (for personal, spouse, insurance premium) is deducted from the chargeable income, right?

Say, if I got a net negative figure, can I still claim for zakat?

This is because zakat is considered a rebate, as opposed to deductions, AFAIK
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Just put whatever in the e-filing and the system will determine for you. No headache.
SUSDavid83
post Apr 25 2013, 10:35 PM

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QUOTE(mletee @ Apr 25 2013, 10:33 PM)
i submit thru e-filling..means my deadline can extend to 15th May 2013?
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Yes!
SUSDavid83
post Apr 26 2013, 12:25 PM

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QUOTE(ZzZzz... @ Apr 26 2013, 11:04 AM)
in what condition will need to pay income tax?
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Paying and filing are two separate matters.

As long as you have consistence income, you should do the filing.

As long as your taxable income meets or exceeds the threshold, you have to pay tax.
SUSDavid83
post Apr 28 2013, 12:22 PM

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QUOTE(frontierzone @ Apr 28 2013, 11:55 AM)
Just to double check, deadline for electronic income tax (non-BE) submission is 15 May right? I did saw it on LHDN website some time ago, but just wanna confirm in case anything changes.  smile.gif
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There's press release on this matter:

http://thestar.com.my/news/story.asp?file=...7244&sec=nation
SUSDavid83
post Apr 29 2013, 09:38 AM

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Difference of RM 7 won't change much in the overall tax calculation.
SUSDavid83
post Apr 29 2013, 02:44 PM

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QUOTE(Devil4life @ Apr 29 2013, 02:40 PM)
The last day to file for income tax is 30 Apr or 15 May? I saw the website stating 15 May.

I want to submit fast but my insurance agent haven't provide me the life and medical insurance amount for 2012.

Scared he can't provide it in time for me to file before tomorrow.
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15 May is only applicable for e-fling.

30 April is still remained for manual filing.

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