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 Income Tax Issues v2

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ciohbu
post Mar 3 2012, 05:58 AM

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i hope i am correct unsure.gif

in my case:
the taxable income - 12months salary + fixed 1 month contractual bonus

those can be excluded :
1) performance bonus
2) cash award
3) transport allowance (monthly fixed)
4) any non-fixed allowance
5) petrol + toll claim if any

my comp EA sux !! combine everything together rclxub.gif rclxub.gif

ciohbu
post Mar 3 2012, 06:30 AM

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QUOTE(David83 @ Mar 3 2012, 06:25 AM)
I believe item 1 and 2 should be included in the annual gross income. Unless they're being stated clearly that it is being tax exempted.
*
hmmm.. but i thought they will be in tax exempted part .. sorry but i not tax or account pro rclxub.gif blush.gif

QUOTE
Perkuisit sama ada dalam bentuk tunai atau barangan berkaitan dengan
penggajian pekerja berhubung dengan:-
(a)  pencapaian perkhidmatan lalu; 
(b) anugerah khidmat cemerlang, anugerah inovasi atau anugerah
produktiviti; atau
© perkhidmatan lama dengan syarat pekerja tersebut telah berkhidmat
lebih daripada 10 tahun dengan majikan yang sama atau dengan
syarikat-syarikat dalam kumpulan syarikat yang sama.
(Perenggan 25C Jadual 6 Akta Cukai Pendapatan 1967)

ciohbu
post Mar 3 2012, 06:44 AM

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QUOTE(David83 @ Mar 3 2012, 06:41 AM)
That's why I mentioned earlier. If your company reports them under Section B Pendapatan Penggajian, Manfaat Dan Tempat Kediaman, then it's not tax exempted.

If your company reports them under Section G Jumlah Elaun/Perkuisit/Manfaact Yang Dikecualikan Cukai, then you're absolutely correct.
*
i see..

giler one my company.. declare everything under section B in EA form, including petrol allowance etc etc.. habis

This post has been edited by ciohbu: Mar 3 2012, 06:45 AM
ciohbu
post Mar 8 2012, 02:41 PM

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almost done with this year filling

sakit kepala-ing about next year one... huhuhu.. will fall in 19% range =.=

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