nope .. normally at the beginning of march ..

Hi Guys,

What is the percentage of your income tax paid in PCB?

Formula:
(Total Annual PCB / Total Income) / 100

My PCB annual deduction is about 6%-7% of my total annual income ... I claimed and got back about half .. total I paid as income tax is just about 3-4% .. not bad lah i guess ..

how about you?

cepat nye .. I submitted mine on 7th march but yet to get ... ..

Guys,

Let say I have a company which making gross profit RM25k per month. Employee salary is about 15k and RM5k for rental and electricity. Nett profit is about after those expenses is RM5k.

My company will be taxed based on gross or nett profit?

Another scenario, let say I am the owner/investor of the company. Instead of raising my monthly pay which could be taxed, I buy a car under company name as company expense. With additional expense of let say RM1.5k month, the company nett profit now reduced from RM5k to RM3.5k.

Will my company tax based on 3.5k monthly income?

Thank you.