A simple example below:
Your annual gross income + bonus + special + etc. = RM36,000
Your rental + dividend + direct sales + any other income = RM15,000

Total = RM51,000

Less : 9k? relief, other deductions like broadband, books, insurance/epf, etc.
let's say RM13,000

Taxable amount
= 51k - 13k
= 38k

Refer your table 35k-50k
On the first 35k = 1,525
Next 15k = 12% x (38k-35k) = 360

Total tax payable = 1525 + 360
= RM1,885

If your taxable amount is less than 35K, you will get additional Rm 400 tax rebate (not relief).

hi I want to ask right, currently I'm working with my dad, salary not fix. sometime 3k sometime 1.5k depend the business. so should I pay income tax in this situation? bit usuallly more than 1.9k.

You may not be taxable, but however, I suggest you to start early to DECLARE your income tax only. It is useful if you wish to apply loan/credit/car in future. Start to collect the salary slip, kwsp (if got), etc. so that you can declare in Jan-Apr 2012 (for year 2011). If you don't have an income tax file yet, just go LHDN and enquire to open one.

e.g.
Jan 2011 1.5k
Feb 3k
Mar 1.5k
Apr 3k
May 1.5k
Jun 3k
Jul 1.5k
Aug 3k
Sep 1.5k
Oct 3k
Nov 1.5k
Dec 3k

Total income for year 2011 = 27k
Less: Self relief, EPF/medical insurance/etc., let's say 12k
Taxable income = 27k-12k = 15k

On First 10k = Tax RM175
Next 10k @3% = (15k-10k) x 3% = RM150

Total taxable = 175+150 = RM325
Less: tax rebate RM400 (for those below 36k p.a.)
= -RM75 (means you no need pay tax )

Wah bro, thank so much for so detail reply, very appreciated. +1 to you

My brother ask me, but I need some sifu here to explain, is there any personal income tax 2.3K monthly salary before less EPF?

This post has been edited by buysell: Oct 25 2011, 06:07 PM

?????

do u mean that>>>will gross (before epf n socso deduction) income of 2.3k p.m. be taxed?

This post has been edited by yong417: Oct 25 2011, 09:06 PM

2.3k gross x 12 months will not subject to income tax

Gross is what?

If 2.3k x 12 = RM27,600 then it over what the star news said anually income RM27,000, have to pay tax?

This post has been edited by buysell: Oct 27 2011, 01:08 AM

Hi, im fresh grad just come out to working world. Currently, im doing self-study on income tax stuff so that I wont struggle later when i need to declare my tax. wanna ask, is paying back ptptn loan for degree education tax deductable?

ptptn loan is is not allow to do tax deduction

Pay loan also want income tax deduction
Just make sure you pay up your PTPTN loan
Money provided by PTPTN loan comes from taxpayers lah !!!

LOL just trying tho. thanks for the info. :-P

Hi Guys,

Just need to ask a question about bank loan queries.

I'm quite lost when it comes to taxes and stuff, and i know you require something like a BE form and a tax receipt for bank housing loans.

I have been paying my taxes, as i can see from my salary slip that tax has been deducted every month. The tax dept has also confirmed that i have an account open with them.

I have my 2010 EA form with me , but how do i get the tax receipt? I don't have any pin number of any sort to login to their website and i'm not sure if i'm even eligible to have the tax receipt since the HR from my company only deducts for the tax, and i have not done anything myself.


Thanks in advanced!

Go get your pin number from LHDN. The purpose is for you to be able to file your income tax online. That's it.

As for the tax receipt for the tax that have been deducted by HR from your salary, you don't need a receipt for that because it will be highlighted in a EA form. EA form is a proof that you've paid certain amount for your income tax.

Tax receipt for housing loan? I simply means your housing loan statement that the bank usually mail to your house.

is income from futures trading (eg. US soybean, FCPO etc.) through local broker is taxable?

Thanks Zeese for the explanation. Much appreciated!

all these while i'm just paying my tax as employee using BE form. this year i've setup a company with few friends (as a director), in addition to my full time job.

so i guess for next year, i have to fill in Form B for income tax submission. do i need to inform income tax department of the change of my employment status? or i just fill in Form B and submit before next June?

hi experts, need some advice and directions. I got my tax refund mid of this year, however today I received a letter from lhdn stating that I am audited and to produce the relevant receipts. I am puzzled at this. my computer claim is somewhat fake and my first payment for internet line was only due in Jan 2011. can I still produce this receipt? how can I go about this? why am I audited only after receiving my tax return?

Did you cheat on the "additional" tax relief like Computer and Broadband ?
If you have all the relevant receipts, you have ZERO worry