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 Income Tax Issues v3, Anything related to Personal Income Tax

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SUSDavid83
post May 13 2015, 08:00 AM

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QUOTE(Petre @ May 13 2015, 07:52 AM)
what about 2 and 3? biggrin.gif

thanks
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Item (2) for married tax payer. I'm not married and therefore, not wise for me to comment.

Item (3) I don't understand.
Petre
post May 13 2015, 08:04 AM

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QUOTE(David83 @ May 13 2015, 08:00 AM)
Item (2) for married tax payer. I'm not married and therefore, not wise for me to comment.

Item (3) I don't understand.
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according to this:

http://savemoney.my/malaysia-income-tax-2014-infographic

additional RM2k relief for monthly salary under 8k

where will this show up?
SUSDavid83
post May 13 2015, 08:56 AM

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QUOTE(Petre @ May 13 2015, 08:04 AM)
according to this:

http://savemoney.my/malaysia-income-tax-2014-infographic

additional RM2k relief for monthly salary under 8k

where will this show up?
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Of course NO, because this relief is no longer valid for YA 2014 (filing on 2015) onwards.

This post has been edited by David83: May 13 2015, 09:51 AM
Petre
post May 13 2015, 09:33 AM

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QUOTE(David83 @ May 13 2015, 08:56 AM)
Of course, because this relief is no longer valid for YA 2014 (filing on 2015) onwards.
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i see... thanks thumbup.gif notworthy.gif
celaw
post May 13 2015, 12:16 PM

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Hi, if I got monthly fixed travelling allowance, could I deduct the RM6,000 travelling allowance from my salary when declare gross salary? Or how to declare it so that it is deductible? Thanks.
SUSDavid83
post May 13 2015, 01:03 PM

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QUOTE(celaw @ May 13 2015, 12:16 PM)
Hi, if I got monthly fixed travelling allowance, could I deduct the RM6,000 travelling allowance from my salary when declare gross salary? Or how to declare it so that it is deductible? Thanks.
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I don't think you can do that since any fixed recurring allowance is taxable.

If benefits or allowance that is non-taxable, your HR needs to disclose that amount under Section G of the EA form. This amount no need to declare in the BE form.
ronnie
post May 13 2015, 02:10 PM

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For Year Assessment 2015... does the Tax Relief for Books/Magazine of RM1000 includes GST or exclude GST ?

Eg. Do we buy books and magazine up to value RM1,060 or just RM1000 ?

This post has been edited by ronnie: May 13 2015, 02:10 PM
cscheat
post May 13 2015, 03:42 PM

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anybody submit e-filing on 15th May? (last day)

hehehe
crazycrazyman
post May 13 2015, 04:51 PM

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QUOTE(ChrisWeiYuan @ May 12 2015, 12:34 AM)
Hi all, I understand that I am not eligible to claim under education tax relief for language courses. But if i would like to take up a professional cert (i.e. Charted Institute of Marketing), can i still claim under the education relief?

Regards,
Thanks!
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Hi all experts, need your advise for this scenario..
birdman8
post May 13 2015, 05:06 PM

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QUOTE(Quazacolt @ May 12 2015, 07:56 PM)
i'm single, no wife.

all i know is that they deducted X amount from my over paid pcb. what the fuck.
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2 years ago, i owned lhdn "X" amount of money according to my tax ledger.
when i submit tax returned, i was entitled to some refund in that year filing.
lhdn at the time deducted "X" and refund the balance to me (the refund amt in my tax filing is > "X" amount)

as for this year, lhdn owned me "Y" amount of money according to my tax ledger b'cos my appeal against the fine was partially successful.
simlar, my entitled to some refund in my this year tax filing.
however, lhdn only refund the amount of refund in my current year tax return and this "Y" amount remain appeared in my tax ledger as it is. doh.gif

This post has been edited by birdman8: May 13 2015, 05:35 PM
Quazacolt
post May 13 2015, 06:13 PM

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QUOTE(birdman8 @ May 13 2015, 05:06 PM)
2 years ago, i owned lhdn "X" amount of money according to my tax ledger.
when i submit tax returned, i was entitled to some refund in that year filing.
lhdn at the time deducted "X" and refund the balance to me (the refund amt in my tax filing is > "X" amount)

as for this year, lhdn owned me "Y" amount of money according to my tax ledger b'cos my appeal against the fine was partially successful.
simlar, my entitled to some refund in my this year tax filing.
however, lhdn only refund the amount of refund in my current year tax return and this "Y" amount remain appeared in my tax ledger as it is. doh.gif
*
sigh so confusing doh.gif

the worse part is the date, 15/02/2015.
to me, NOTHING to do with my 2014 tax also doh.gif
wil-i-am
post May 13 2015, 10:31 PM

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QUOTE(ronnie @ May 13 2015, 02:10 PM)
For Year Assessment 2015... does the Tax Relief for Books/Magazine of RM1000 includes GST or exclude GST ?

Eg. Do we buy books and magazine up to value RM1,060 or just RM1000 ?
*
Include GST
nexona88
post May 14 2015, 12:06 AM

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QUOTE(ronnie @ May 13 2015, 02:10 PM)
For Year Assessment 2015... does the Tax Relief for Books/Magazine of RM1000 includes GST or exclude GST ?

Eg. Do we buy books and magazine up to value RM1,060 or just RM1000 ?
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lol why worry so fast.. tat one next year story biggrin.gif
birdman8
post May 14 2015, 09:35 AM

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QUOTE(Quazacolt @ May 13 2015, 06:13 PM)
sigh so confusing doh.gif

the worse part is the date, 15/02/2015.
to me, NOTHING to do with my 2014 tax also doh.gif
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i illustrated with example, hope it is clearer...this are example only.

year 2012

tax ledger: i owned ihdn RM500 due to penalty for late submission
tax filing of 2012: i entitled to get refund of RM1,000 for the year 2012

so, at the end, lhdn refund the RM500 to me (RM1,000 - RM500)
tax ledger balance become zero.


year 2014

tax ledger: lhdn owned me RM200 because they reduce the amount of penalty impose earlier
tax filing of 2014: i entitled to get refund of RM1,000 for the year 2014 filing.

at the edn, lhdn refunded 1,000 back to me only.
the RM200 remain in tax ledger and they do nothing about it.

the figure above is only illustrative.
Quazacolt
post May 14 2015, 11:41 AM

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QUOTE(birdman8 @ May 14 2015, 09:35 AM)
i illustrated with example, hope it is clearer...this are example only.

year 2012

tax ledger: i owned ihdn RM500 due to penalty for late submission
tax filing of 2012: i entitled to get refund of RM1,000 for the year 2012

so, at the end, lhdn refund the RM500 to me (RM1,000 - RM500)
tax ledger balance become zero.
year 2014

tax ledger: lhdn owned me RM200 because they reduce the amount of penalty impose earlier
tax filing of 2014: i entitled to get refund of RM1,000 for the year 2014 filing.

at the edn, lhdn refunded 1,000 back to me only.
the RM200 remain in tax ledger and they do nothing about it.

the figure above is only illustrative.
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i see.

however afaik lhdn/myself don't owe each other anything.
it would be nice if this "ledger" thingy is being communicated more clearer sad.gif

calling them also does jack shit as the line is forever engaged/busy
birdman8
post May 14 2015, 11:50 AM

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QUOTE(Quazacolt @ May 14 2015, 11:41 AM)
i see.

however afaik lhdn/myself don't owe each other anything.
it would be nice if this "ledger" thingy is being communicated more clearer sad.gif

calling them also does jack shit as the line is forever engaged/busy
*
u can pay them a visit.
but my experience with them is that they can be nasty....dig back our old records and check if there anything wrong in past records, late submission etc....so, no easy to get money back from them but depends on which officer that u deal with. sweat.gif
LostAndFound
post May 14 2015, 01:35 PM

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QUOTE(Quazacolt @ May 14 2015, 11:41 AM)
i see.

however afaik lhdn/myself don't owe each other anything.
it would be nice if this "ledger" thingy is being communicated more clearer sad.gif

calling them also does jack shit as the line is forever engaged/busy
*
Suggest that its better to deal with your employer and inform them to pay less tax deduction on your behalf (most will have some form of Monthly Tax Deduction form you can fill). Requires you waiting a year, but then at the end of the year LHDN won't owe you money and hence you can contra the ledger amount from what you're supposed to pay them.
Quazacolt
post May 14 2015, 02:02 PM

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QUOTE(birdman8 @ May 14 2015, 11:50 AM)
u can pay them a visit.
but my experience with them is that they can be nasty....dig back our old records and check if there anything wrong in past records, late submission etc....so, no easy to get money back from them but depends on which officer that u deal with. sweat.gif
*
so, overall better to just lose that hundred ish, than to deal with potential hassle la? unsure.gif
Quazacolt
post May 14 2015, 02:03 PM

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QUOTE(LostAndFound @ May 14 2015, 01:35 PM)
Suggest that its better to deal with your employer and inform them to pay less tax deduction on your behalf (most will have some form of Monthly Tax Deduction form you can fill). Requires you waiting a year, but then at the end of the year LHDN won't owe you money and hence you can contra the ledger amount from what you're supposed to pay them.
*
thanks for the info bro, i'll look into that option thumbup.gif
birdman8
post May 14 2015, 03:04 PM

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QUOTE(Quazacolt @ May 14 2015, 02:02 PM)
so, overall better to just lose that hundred ish, than to deal with potential hassle la?  unsure.gif
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i merely related back to my experiences.
who knows that i was the only unlucky one or
ending up as u are the only lucky one.

what i am trying to say is that u have to be careful in dealing with lhdn officer.

if we have lots of outstanding money owing by lhdn in our tax ledger, then of course need to do something about it lar. if small amount, then u may leave it as it is....or else u can check with your hr first as suggested by someone here.

This post has been edited by birdman8: May 14 2015, 03:16 PM

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