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 Income Tax Issues v3, Anything related to Personal Income Tax

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pisces88
post Mar 25 2014, 12:28 PM

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QUOTE(rye_yerd @ Mar 25 2014, 10:39 AM)
dear piscess88,

wish to side-track ur post a little cos i noticed some parts of ur content which might be able to answer my query, in the case u r an employee & owns a small business, you should be filing under borang B? thanks so much
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That's correct smile.gif it'll be due for submission in june
Scissorshand
post Mar 25 2014, 01:32 PM

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Damned....submitted mine on 7th Mac, still havent got my refund yet, whats the average days for refund to come in?? is it still 30 days???? cry.gif

This post has been edited by Scissorshand: Mar 25 2014, 01:33 PM
sms2u
post Mar 25 2014, 01:46 PM

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QUOTE(Scissorshand @ Mar 25 2014, 01:32 PM)
Damned....submitted mine on 7th Mac, still havent got my refund yet, whats the average days for refund to come in?? is it still 30 days???? cry.gif
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Do u have a lot of rebate (relief). If yes, i t will took longer. Sometime u might need to follow up with thme to get the refund.
jobok
post Mar 25 2014, 08:30 PM

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phone allowance....is it taxable?
rye_yerd
post Mar 25 2014, 10:25 PM

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QUOTE(pisces88 @ Mar 25 2014, 12:28 PM)
That's correct smile.gif it'll be due for submission in june
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Thank you sir for your kind reply notworthy.gif
pisces88
post Mar 25 2014, 10:50 PM

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QUOTE(sms2u @ Mar 24 2014, 10:17 PM)
Informative page
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hi, from the link it says :

As a start, discuss with your boss if your take-home income can be arranged in such a way that non-taxable allowance be increased instead of basic salary. For example, up to RM2,400 travelling allowance is tax free. Meal allowance, parking allowance, childcare allowance are some allowances that you can toy around to reduce your income tax.


do you know the rm2,400 is PA or monthly?

and how much meal allowance and parking allowance is allowed?
jonjie
post Mar 26 2014, 10:30 AM

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Received mine this morning. Submitted on 3rd.
ronnie
post Mar 26 2014, 10:44 AM

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Does this FAQ still valid ?
http://www.hasil.gov.my/pdf/pdfam/FAQ_B_EN...042011_1.pdf‎

sms2u
post Mar 26 2014, 11:46 AM

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QUOTE(pisces88 @ Mar 25 2014, 10:50 PM)
hi, from the link it says :

As a start, discuss with your boss if your take-home income can be arranged in such a way that non-taxable allowance be increased instead of basic salary. For example, up to RM2,400 travelling allowance is tax free. Meal allowance, parking allowance, childcare allowance are some allowances that you can toy around to reduce your income tax.
do you know the rm2,400 is PA or monthly?

and how much meal allowance and parking allowance is allowed?
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Wil it make sense? More allowance but low salary?
U can save up to 25% tax with high allowance and low salary.
But, your boss wil pay bonus by calculationg based on monthly salary, you will get same amount of month bonus.
But, total amount of bonus in ringgit is low cos ur slary is low.
Wil it best to save tax but get lower bonus?

This post has been edited by sms2u: Mar 26 2014, 11:48 AM
pisces88
post Mar 26 2014, 01:18 PM

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QUOTE(sms2u @ Mar 26 2014, 11:46 AM)
Wil it make sense? More allowance but low salary?
U can save up to 25% tax with high allowance and low salary.
But, your boss wil pay bonus by calculationg based on monthly salary, you will get same amount of month bonus.
But, total amount of bonus in ringgit is low cos ur slary is low.
Wil it best to save tax but get lower bonus?
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I'm on basic + commission scheme. I just need to convert the commission to allowance, then I can save on tax and won't affect my bonus smile.gif

Company also save on epf. Win-win situation.
jasmineh2y
post Mar 26 2014, 01:26 PM

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I found that my allowance are added into EA form... which also kena tax... shd i ask HR to take it out?
Scissorshand
post Mar 26 2014, 03:03 PM

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QUOTE(jonjie @ Mar 26 2014, 10:30 AM)
Received mine this morning. Submitted on 3rd.
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Hi

How did you received your refund? Cheque or IBG from them?

Thanks
huaymeeng
post Mar 26 2014, 04:21 PM

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Hi, have a question for this year income tax.

Donation is classified as tax relief or tax rebate??
brutalsoul
post Mar 26 2014, 04:36 PM

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if cukai terlebih bayar for 2012 can claim back now?
SUSDavid83
post Mar 26 2014, 05:22 PM

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QUOTE(huaymeeng @ Mar 26 2014, 04:21 PM)
Hi, have a question for this year income tax.

Donation is classified as tax relief or tax rebate??
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You deduct donation under Pendapatan Berkanun and Jumlah Pendapatan
huaymeeng
post Mar 26 2014, 06:39 PM

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QUOTE(David83 @ Mar 26 2014, 05:22 PM)
You deduct donation under Pendapatan Berkanun and Jumlah Pendapatan
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Under Jumlah Derma dan Hadiah Yang Diluluskan right??
anep
post Mar 26 2014, 06:57 PM

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can i claim for previous year 2012? i just get the no this month biggrin.gif
SUSDavid83
post Mar 26 2014, 07:19 PM

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QUOTE(huaymeeng @ Mar 26 2014, 06:39 PM)
Under Jumlah Derma dan Hadiah Yang Diluluskan right??
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Yes. Up to 7% of your aggregate income

QUOTE(anep @ Mar 26 2014, 06:57 PM)
can i claim for previous year 2012? i just get the no this month biggrin.gif
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It depends on your date of the receipt. No back date for sure.
birdman13200
post Mar 26 2014, 07:59 PM

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QUOTE(jasmineh2y @ Mar 26 2014, 01:26 PM)
I found that my allowance are added into EA form... which also kena tax... shd i ask HR to take it out?
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It is not surprise me, my company hv that few year ago, the phone allowance and transport allowance is consider as a income to me, I check with HR before, they say it is follow LHDN declaration.
jimbet1337
post Mar 27 2014, 02:12 AM

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