yup.. you are correct !! what is the best excuse (something that they can tolerate) for me to give them.. nway how much did ur friends pay for the penalty..?

Refer to this table for various offences:

http://www.hasil.gov.my/goindex.php?kump=5...1&cariw=penalti

Thanks David..

err means big chance to kena audit if put 10k max? how do we know how much interest is paid in that particular year? bank will send a statement?

and 1 more thing, the total chargeable income for the particular year is after deducting the EPF contribution (nett salary received) or before deducting EPF?

a) monthly salary 5k, the total chargeable is 60k pa?

or

b) monthly salary 5k, but after epf is 4k+, so total chargeable is 50k?

You must get the annual loan statement summary in order to know much interest that you have paid. Remember that the relief is only meant for interest paid not the total repayment amount.

Chargeable income == gross income + other incomes - donation/gifts - relieves (including EPF relief) - rebate (zakat and etc.)

hi David, understood on the chargeable income calculation.

but im confused whether this 'gross income' is before EPF deduction or after EPF deduction?

in salary slip , lets say salary is 5k. after deduct epf become 4.5k, so this gross income = 4.5k x 12 months?

Didn't you company prepare a EA form/statement to you.

Gross income is the income without ANY deduction; meaning, before EPF deduction.

Taxable income will minus any relief including EPF contribution.

If you put a deducted number into the GROSS income field and put EPF relief later under the Relieves section, you'll be doing duplicate deduction - deduction on top of deduction.

When doing the BE filing, always refer to EA form for guidance. Gross income should include your monthly fixed income, annual bonus or profit sharing and any taxable allowance although some of them are BIK allowance which is tax exempt and this BIK must be indicated in the EA statement.

Hello ,

Is there any way to transfer tax to other ppl aka wife/gf etc

Scenario example :

Earning RM100k/pa (sales line etc)

Perhaps can transfer RM10k/20k to wife/gf using something tax vouncher i think

Wife earning RM30k pa etc , will declare the RM10k/20k transfer from me to her own tax .

Can claim the sales I got is refer by her etc something like that so I need pay her the "commission" by issuing her a personal cheque etc ?

Is that workable ? Is illegal but wondering can try ar ?

Thanks

This post has been edited by andrewleewaikeong: Nov 10 2013, 10:36 PM

the salary / commission paid to you.. dont think can declare with another person's name. maybe you can set up a company under your name, then pay the wife/gf with the company name?

thanks david, got my answer

Hi..

Which one is better.. Filing income separately for husband and wife, or filing the income together (joint filing)?

Tq..

Do calculation on both scenario and see which one can save more tax.

Wife not working = File together
Wife working = File separately [Unless your wife earns <RM3000 annually]

Thanks guys for the feedback.... I appreciate it..

does subscribing to e-magazines, e-newspaper buy ebook eligible for tax relief?

As long as you have receipt of purchase to prove later when being audited, then it's acceptable.

oh.. but e-magazine those dunno how to get receipt lol.. like buy from google play books store, or zinio magazine.. hopefully those printed transaction slip counts..

Whatever you claimed, you must have receipt or statement to prove. The documents must be retained for a min period of 7 years. It's better to save an electronic copy on top of printing out.

tax

This post has been edited by adam09: Nov 21 2013, 08:50 PM

Borang E? employer need to submit borang e with their employee name ic annual salary.