Income Tax Issues v2
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 Jul 15 2011, 08:11 PM
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#1
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Senior Member
3,705 posts Joined: Jan 2003 
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Hello guys,
Im a newbie to the job world, just noticed on my first payslip, they deducted EPF and Socso but not INCOME TAX. is this normal? this is my first job and my salary >2000MYR, and am 22 this year Will they come after me at the end of the year to pay tax? This post has been edited by db07mufan: Jul 15 2011, 08:46 PM |
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Jul 15 2011, 09:36 PM
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#2
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Senior Member
3,705 posts Joined: Jan 2003
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thanks, but gross salary is > 2800RM, do i have to tell my employer to minus PCB? or will they do it auto for us!
thanks fro for the reply, really appreciate it |
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Jan 21 2012, 11:17 PM
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#3
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Senior Member
3,705 posts Joined: Jan 2003
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A problem guyss,
i have just started working in the real world and realised my company has not deducted any pcb for me. I don;t even know if i have a account with income tax. Do i need to register myself with LHDN or will HR do everything for me? When are the taxes due, i started working in august, so that means this august i'll need to submit my taxes? Do i register online EDAFTAR and give the income tax number to HR so that they can start doing the PCB? This post has been edited by db07mufan: Jan 21 2012, 11:23 PM |
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Jan 27 2012, 07:32 PM
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#4
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Senior Member
3,705 posts Joined: Jan 2003
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QUOTE(yhtan @ Jan 25 2012, 11:20 AM) How much is your monthly pay per month? if it exceed RM2,600 per month, this year onwards your pay will be deducted PCB Thank you sir for the clarification.since u start work on August, and your total income from August to December does not exceed RM32,000, u did not need pay PCB. Don't worry about the tax file, your HR will do the job  Aug to December >RM32000, that means i will need to pay PCB for that period right. And just saw on my Jan payslip, there is a deduction for tax, so i think HR got it covered. But still i'll need to pay upcoming April if i understand everything right. |
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Jan 29 2012, 05:35 PM
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#5
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Senior Member
3,705 posts Joined: Jan 2003
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in my payslip theres an amount written as MEAL ALLOWANCE, it is not taxable right?
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Jan 29 2012, 05:58 PM
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#6
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Senior Member
3,705 posts Joined: Jan 2003
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QUOTE(cherroy @ Jan 29 2012, 05:42 PM) Allowances, incentive, or whatever are counted into your gross income, unless there is income tax ruling stated otherwise that stated it is tax exempted, if not any form of income you get, even non-cash like car given by company for you to drive/travel are considered as Benefit in kind (BIK), which also contributed into your gross taxable income. QUOTE (vi) Meal allowance received on a regular basis, for example on a daily or monthly basis, given at the same rate to all employees. Meal allowance provided to an employee for purposes such as overtime or outstation / overseas trips and other similar purposes in exercising his employment is chargeable to tax. Thanks for the reply cherroy, just curious cos i saw this statement . |
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Feb 19 2012, 11:11 AM
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#7
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Senior Member
3,705 posts Joined: Jan 2003
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Just got my EA form, first time doing this, so we just use whatever its on the EA form and minus minus and submit right??
When will BE 2011 be out>? This post has been edited by db07mufan: Feb 19 2012, 11:12 AM |
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Feb 19 2012, 11:11 AM
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#8
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Senior Member
3,705 posts Joined: Jan 2003
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-doubleposted-
This post has been edited by db07mufan: Feb 19 2012, 11:12 AM |
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Mar 2 2012, 06:06 PM
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#9
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Senior Member
3,705 posts Joined: Jan 2003
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Have bought a MRTA for my loan, is it deductable as LIFE INSURANCE?
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Mar 2 2013, 09:28 PM
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#10
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Senior Member
3,705 posts Joined: Jan 2003
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How do i know if my insurance falls under the rebate bracket. I have a medical+investment insurance from Great Eastern, called Smart Protect Essential Insurance. Any idea?
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Mar 2 2013, 09:49 PM
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#11
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Senior Member
3,705 posts Joined: Jan 2003
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QUOTE(David83 @ Mar 2 2013, 09:36 PM) The medical insurance in term of % of your annual premium paid is put under Medical + Education insurance section up to RM 3k. Threw mine away arghh! need to get the statement away. First year doing taxes, so i did not realise until just now in E BE. Already maxed out on the EPF+Life option hopefully i can get something from the Medical+Education portionThe life insurance in term of % of the annual premium paid is put under EPF + life insurance section up to RM 6k. Refer to the annual statement from Great Eastern. |
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