Oct 22 2011, 01:18 PM
QUOTE(chicaman @ Oct 22 2011, 12:48 PM)
Hi,
I am a fresh grad and I think I have to pay income tax soon.
From the table, the income tax to be paid is based on our annual income right?
The annual income is inclusive of the allowances in salary or only the basic of salary?
The tax reliefs, for example, RM500 (max) for broadband, we deduct that RM500 from our annual income together with other tax reliefs, then the balance will be match to the table above to determine how much tax to be paid?
Thanks for answering my questions in advance =)
Gross salary include all allowances, bonuses, benefit in kind given by the company, rental income,etc. Relief available like personal relief, wife, children, EPF & Insurance, computer, books, broadband, zakat, parent medical, etc. Balance income will be taxed according to the table.I am a fresh grad and I think I have to pay income tax soon.
From the table, the income tax to be paid is based on our annual income right?
The annual income is inclusive of the allowances in salary or only the basic of salary?
The tax reliefs, for example, RM500 (max) for broadband, we deduct that RM500 from our annual income together with other tax reliefs, then the balance will be match to the table above to determine how much tax to be paid?
Thanks for answering my questions in advance =)
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