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 Income Tax Issues v3, Anything related to Personal Income Tax

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ronnie
post Mar 17 2015, 03:55 PM

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QUOTE(cscheat @ Mar 17 2015, 03:50 PM)
wanna ask can we pay our taxes late ?

if yes when is the last day we can pay
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Pay on or before 30 April 2015
zeese
post Mar 17 2015, 04:05 PM

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QUOTE(xngjn @ Mar 17 2015, 03:14 PM)
I got a one time off project (around 20k). I still a student. do I need to fill income tax? As a part time job I dont have epf all those and no EA form
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those with monthly salary of rm4k++ must start filing the incometax. (~rm4k x 12month = RM48k per year).
(reference : http://e-cukai.com/2015-lhdn-income-tax-rate/# ).

Since your income in just around 20K... still not reaching 48k within that year, then, you don't need to file the income tax.
xbbshampoo
post Mar 17 2015, 07:42 PM

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btw what is PENDAPATAN BERKANUN, JUMLAH PENDAPATAN DAN PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORK
veron208
post Mar 17 2015, 09:28 PM

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QUOTE(xbbshampoo @ Mar 17 2015, 07:42 PM)
btw what is PENDAPATAN BERKANUN, JUMLAH PENDAPATAN DAN PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORK
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If you missed out in declaring year 2013 income or any income that you only received the statement/computation after the 2014 tax period for 2013 income
xbbshampoo
post Mar 17 2015, 10:38 PM

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QUOTE(veron208 @ Mar 17 2015, 09:28 PM)
If you missed out in declaring year 2013 income or any income that you only received the statement/computation after the 2014 tax period for 2013 income
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so if I didn't miss out any tax for 2013, I no need to fill anything inside that whole tab right? laugh.gif
tAmp0i
post Mar 17 2015, 11:38 PM

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One question. I am on a long term contract basis and the company provide me no EA form or whatsoever. How should I calculate my taxable income? Should I :-

1) Add basic + OT?
2) Add basic + OT - EPF?
3) Petrol allowance taxable?
4) Annual leave reimbursement taxable?

Thanks! smile.gif
veron208
post Mar 18 2015, 01:02 AM

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QUOTE(xbbshampoo @ Mar 17 2015, 10:38 PM)
so if I didn't miss out any tax for 2013, I no need to fill anything inside that whole tab right?  laugh.gif
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You can leave it blank
SUSDavid83
post Mar 18 2015, 03:18 AM

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QUOTE(tAmp0i @ Mar 17 2015, 11:38 PM)
One question. I am on a long term contract basis and the company provide me no EA form or whatsoever. How should I calculate my taxable income? Should I :-

1) Add basic + OT?
2) Add basic + OT - EPF?
3) Petrol allowance taxable?
4) Annual leave reimbursement taxable?

Thanks! smile.gif
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Taxable income from employment: Gross pay + OT + fixed taxable income + taxable tangible and intangible benefits

Basically the sum value of Section B

Non-taxable benefits are declared under Section G of BIK.
tAmp0i
post Mar 18 2015, 07:32 AM

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QUOTE(David83 @ Mar 18 2015, 03:18 AM)
Taxable income from employment: Gross pay + OT + fixed taxable income + taxable tangible and intangible benefits

Basically the sum value of Section B

Non-taxable benefits are declared under Section G of BIK.
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Thanks for the input however as i am on the 'long term contract' basis, the company is not doing the MTD/PCB for me and is not going to provide me EA form either. So i'll be doing this on my own. When you mentioned gross pay does that mean basic + OT but not subtracting EPF? IE: 1000 basic + 300 OT = 1300?

Appreciated..
SUSDavid83
post Mar 18 2015, 07:43 AM

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QUOTE(tAmp0i @ Mar 18 2015, 07:32 AM)
Thanks for the input however as i am on the 'long term contract' basis, the company is not doing the MTD/PCB for me and is not going to provide me EA form either. So i'll be doing this on my own. When you mentioned gross pay does that mean basic + OT but not subtracting EPF? IE: 1000 basic + 300 OT = 1300?

Appreciated..
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You'll put your EPF deduction at the lower section of the BE form.

This EPF relief is shared with life insurance policy up to RM 6000 max.

This post has been edited by David83: Mar 18 2015, 07:44 AM
veron208
post Mar 18 2015, 07:44 AM

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QUOTE(tAmp0i @ Mar 18 2015, 07:32 AM)
Thanks for the input however as i am on the 'long term contract' basis, the company is not doing the MTD/PCB for me and is not going to provide me EA form either. So i'll be doing this on my own. When you mentioned gross pay does that mean basic + OT but not subtracting EPF? IE: 1000 basic + 300 OT = 1300?

Appreciated..
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Yes .... you need to sum the total
danieljaya
post Mar 18 2015, 10:43 AM

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QUOTE(xngjn @ Mar 17 2015, 03:14 PM)
I got a one time off project (around 20k). I still a student. do I need to fill income tax? As a part time job I dont have epf all those and no EA form
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Basically i can say no need. If you got more project to come, do alert to apply income tax no.
CuriousKitten
post Mar 18 2015, 11:10 AM

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If my annual income for 2014 is less than 36k, I technically do not need to file for income tax this year? Can I still claim for tax exemption (books, EPF, etc) if my income didn't exceed 36k per annum?

I've filed previous years when income exceeds 36k.
cscheat
post Mar 18 2015, 11:22 AM

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QUOTE(ronnie @ Mar 17 2015, 03:55 PM)
Pay on or before 30 April 2015
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so if want pay by installment how
danieljaya
post Mar 18 2015, 11:24 AM

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Tax payers may pay their income tax and real property gain tax (RPGT) at https://byrhasil.hasil.gov.my/creditcard/ using credit card.

All VISA, Mastercard and American Express credit cards issued in Malaysia can be used for this service.

Any one try this?
zeese
post Mar 18 2015, 11:37 AM

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QUOTE(CuriousKitten @ Mar 18 2015, 11:10 AM)
If my annual income for 2014 is less than 36k, I technically do not need to file for income tax this year? Can I still claim for tax exemption (books, EPF, etc) if my income didn't exceed 36k per annum?

I've filed previous years when income exceeds 36k.
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The purpose of filing tax exemption is to reduce the income tax amount.
If you don't need to pay income tax (your income tax is RM0), what's the point of of filing tax exemption? There's no tax to be exempted/reduced in the first place.

(Do you want to make your income tax becomes negative so government pay you money instead? biggrin.gif )
SUSsupersound
post Mar 18 2015, 11:49 AM

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QUOTE(CuriousKitten @ Mar 18 2015, 11:10 AM)
If my annual income for 2014 is less than 36k, I technically do not need to file for income tax this year? Can I still claim for tax exemption (books, EPF, etc) if my income didn't exceed 36k per annum?

I've filed previous years when income exceeds 36k.
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Nope, you still need to fill up everything. Unless you are telling that your salary won't increase over the years.
This is more on preventing you on getting audited for no reason next time icon_rolleyes.gif
veron208
post Mar 18 2015, 11:52 AM

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QUOTE(zeese @ Mar 18 2015, 11:37 AM)
The purpose of filing tax exemption is to reduce the income tax amount.
If you don't need to pay income tax (your income tax is RM0), what's the point of of filing tax exemption?  There's no tax to be exempted/reduced in the first place.

(Do you want to make your income tax becomes negative so government pay you money instead?  biggrin.gif )
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The purpose of filing is not only to reduce the tax amount or to claim back.
It will be good for you to declare your income in order to you to secure your loans from bank.

For employed under BE form, the process of declaration take less than 10 mins.
Why fret over such a simple task ?
cute_boboi
post Mar 18 2015, 12:25 PM

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QUOTE(CuriousKitten @ Mar 18 2015, 11:10 AM)
If my annual income for 2014 is less than 36k, I technically do not need to file for income tax this year? Can I still claim for tax exemption (books, EPF, etc) if my income didn't exceed 36k per annum?

I've filed previous years when income exceeds 36k.
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Once you started filing, every year need to file (declare). In your case, after you fill up the form or e-filing, the auto calculation will show you no taxable amount.
So, you submit, and then print/softcopy and keep for 7 years.

In this way, every year you have submission and record tracking.

stormaker
post Mar 18 2015, 12:50 PM

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I thought we no longer need to submit e-filing if we agree with the amount of PCB we have paid ?

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