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Income Tax Issues v2
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joequah1
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Jul 15 2012, 01:05 AM
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Getting Started

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Hi ,
Im new to tax stuff. I would like to know from the tax chart, let says monthly income is rm2500, the tax i have to pay is rm10 per month or per year?
If Im doing my own business without registering less than a year, do I need to submit tax form now? before the due date? or can submit next year. planning to get hire purchase loan now.
some confuse in the deduction, the amount of deduction for every list of categories is per annual or per month? can those groceries and house rental being used for deduction too?
Thank you.
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joequah1
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Jul 15 2012, 10:59 AM
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Getting Started

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QUOTE(castelloz @ Jul 15 2012, 02:38 AM) Still got time, before 16th july 2012 is the last date to submit and to pay. So just register and fillup the form. Its quite straight forward provided you have read the Nota Penerangan. Groceries, is it for your business? House rental, are doing your business feom ur house? Did uou register ur house as ur company address in the SSM? If yes then u can. Whatever expenses for the business can be deducted from your income. Please be honest and dont deduct for something you Thanks for the advise. May I know how to calculate? As mention I didn't register yet, and start business lesser few months. I though like own expenses can be deducted too? Such as food, groceries, and shopping.
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