hi all,

I'm feel that the pelepasan cukai for individual is very little..it just RM 9000 which is RM 750 per month.
Some more, the housing (which not bought on year 2010) & car installment can get rebate not? These more burden for us now...

For property yes and you must have a valid S&P.

For car, definitely a big NO.

Hi, im new in tax things. wat should i do for 1st time summit & open file for income tax? do i need to summit everything at any LHDN branch or i can do it by registration online?
actually i oready start working few year back since 2007 until now with few different company but my salary not more tat RM2500/month. will they chase back or ask my past income information? thx & highly appreciate for advice.

This post has been edited by lonerspirit: Feb 25 2012, 11:52 PM

Can someone explain to me how does the rm6000 tax relief for EPF works?
I pay rm7500 in tax a year, do I get to deduct 15% (or whatever tax bracket i'm in) from the rm10k a year EPF that I pay?

All tax relieves are deducted from the gross income in order to compute for chargeable (taxable) income.

Your taxable income will determine which tax bracket you'll fall into.

Although your EPF contribution is more than 10K pa your income deductible relief is limited to RM6K only.
Let say your total income is RM100K you will deduct all income deductible reliefs to derive your taxable income then you find the tax band for your taxable income to derive your tax to be paid for the year then less any tax already paid through your monthly deductions and all your tax deductible reliefs to finally come to the amount of tax payable/overpaid tax

Bear in mind that the RM 6k relief on the EPF is shared with life insurance too.

Max relief under that clause is still RM 6k.

EPF is limited to 3k only, then insurance 3k, so total 6k

Is this being stated somewhere officially?

want to ask regarding e-B submission,

i- for 1st 6 months in 2011, I'm an employee, then be freelancer, so in filing there is 3 column for Perniagaan 1, 2, 3 with kod perniagaan and amount, for freelance service is it need to fill in Perniagaan 1 column with appropriate code and Penggajian column under 'Pendapatan Berkanun Lain' for the employment, is this correct

ii - for 'Perjalanan dan pengangkutan' claim, is it credit card bill is enough for fuel or need to get bill from petrol stn, can i scan and print all fuel, parking, toll bill since the details will disappear when keep for long

pls advice, thanks in advance



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Since tax is deducted automatically from my pay. Does that mean the personal relief tax deduction I have to claim from them at the end of the financial period each year? I.e. personal tax relief is 10k. Taxable income for the year is 84000, EPF/socso contribution for the year is 9417, tax paid is 6312 which is 8.46% (i assume EFP Socso contribution is not taxed). So I can claim back 8.46% of 10k which amounts to rm846.

Is this correct?

The monthly deducted from your pay is just an estimation.

Once you put all the figures from the EA form into the e-BE, the e-BE system will perform its calculation accordingly including the personal relieves.

At the end, if the e-BE discovered that you're overpaid. They'll send you the refund cheque.

Gross income (from all taxable sources) - eligible personal relieves = taxable income.

*Eligible personal relieves: http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

Taxable income will be divided into brackets: http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11 to determine your overall tax needed to be paid

Then, if you have rebate, that will be deducted one too.

You can perform the manual calculation yourself. I'm not sure if it'll be matching your equations above.

with all the data ready. first u fill in the boxes in your e-filing, total income, epf&insurance(max 6k), medical, other benefits in kind to arrive at taxable income. then you will know your income tax for the year then only you deduct the tax already paid of RM6312 to determine if you need to pay extra tax or a refund for overpaid tax

yes you are right. but I don't think car installment have a rebate

I have filed for 5 years and never heard of tax relief on car hire purchase!

We wish that will be new 2013 Budget annoucement to boost car sales

The last two to three budget were only focusing on hybrid cars.

There is no official proportion. Hence, epf and life is not limited to 3k each. Can be either 4k EPF or 2k Life or vice versa...




This post has been edited by yiivei: Feb 27 2012, 02:28 PM

Another question:
How does these divs from REITs( Real Estate Investment Trusts) work into the personal taxation?

In Msia, theres withholding 10% tax on MRIETs divs.
In Singapore theres 0% on SREITs divs.

Do you have to declare these divs as income and pay the necessary personal taxes?

eg Lets say one is paying 26% personal tax...
Does one have to pay the oustanding 16% tax on divs form MREITs?

And the 26% tax on the divs from SREITs?

Thanks

But the property is bought before Year 2010 which did not qualify tax relief on tax submission year 2010 & 2011 which offer by government now..
I'm really need more about this info so that I can claim back my TAX (PCB) which already paid monthly..its really burden for all of us nowadays