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 Income Tax Issues v3, Anything related to Personal Income Tax

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liette`
post Apr 20 2014, 04:24 PM

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QUOTE(David83 @ Apr 20 2014, 04:01 PM)
The monthly PCB deduction is just an estimation. Ultimately it'll still go to your annual aggregate income which includes bonus and allowances.

Therefore, just file according to the EA form prepared by your company HR.
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just the basic salary. no bonus no allowance.

so am i taxable? just based on the amount i stated in my previous post.

simple and straightforward. just want to know yes or no.

This post has been edited by liette`: Apr 20 2014, 04:25 PM
SUSDavid83
post Apr 20 2014, 04:28 PM

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QUOTE(liette` @ Apr 20 2014, 04:24 PM)
just the basic salary. no bonus no allowance.

so am i taxable? just based on the amount i stated in my previous post.

simple and straightforward. just want to know yes or no.
*
If you want to use that guideline, it is straight forward

However, not taxable and not filing are two separate issues.

We're not teaching people for tax evasion in this thread.

QUOTE
Adakah saya layak dikenakan cukai
Mulai Tahun 2013 individu yang mempunyai pendapatan penggajian tahunan melebihi RM30,667 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan.

Sekiranya pekerja layak dikenakan potongan PCB, pekerja dinasihatkan mendaftar fail cukai pendapatan terlebih dahulu sebelum potongan PCB dibua


This post has been edited by David83: Apr 20 2014, 04:30 PM
liette`
post Apr 20 2014, 04:48 PM

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QUOTE(David83 @ Apr 20 2014, 04:28 PM)
If you want to use that guideline, it is straight forward

However, not taxable and not filing are two separate issues.

We're not teaching people for tax evasion in this thread.
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Ok thanks.

So are you saying that even if i am not taxable, i should file it?

Was under the impression that if my total income is not taxable, there is no need to file. correct me if i'm wrong.
SUSDavid83
post Apr 20 2014, 04:50 PM

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QUOTE(liette` @ Apr 20 2014, 04:48 PM)
Ok thanks.

So are you saying that even if i am not taxable, i should file it?

Was under the impression that if my total income is not taxable, there is no need to file. correct me if i'm wrong.
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If you have an income tax file number, then you have to file it even though you're not taxable.

Your HR may have assisted you to create one of it.
iamoracle
post Apr 20 2014, 04:55 PM

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QUOTE(zeese @ Apr 11 2014, 05:09 PM)
computer part definitely cannot get tax relief..

Unless, you buy  computer parts that can build a complete pc including monitor, keyboard, mouse, ram, hard disk, motherboard, power supply, etc, then, this one, you can get a tax relief..
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I am planning to buy a new laptop but it comes with Win 8 pre-installed. I wish to downgrade it to Win 7 by purchasing a Win 7 retail license.

Can I include the Win 7 license cost into the tax relief on top of the laptop purchase price?

Thanks.
CPURanger
post Apr 20 2014, 05:36 PM

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This is questions regarding HK-3 (Stock dividends)

1) Do I need to fill this into HK-3 (see below) ? The Income tax column is printed as dash, so no tax ?
Company XYZ Dividend voucher

Single tier, Number of Shares 1000, Dividend rate 10 sen, Gross dividend RM100.00, Income Tax (None), Net Dividend - 100.00

Some dividend vouchers, put it as Income Tax : Tax exempt or Income tax rate at 25% : - (dash)

2) This one even more pening. What should I fill in ?

Company PQR REIT Dividend voucher
Unit holding 2000, 1.65 sen per unit - taxable, 0.35 sen per unit - tax
Taxable income RM33.00, Tax withheld RM3.30, Non taxable income/Deductable expenses RM7.00, Net Payable RM36.70

Total amount : RM 36.70


rclxub.gif icon_question.gif

This post has been edited by CPURanger: Apr 20 2014, 05:38 PM
liette`
post Apr 20 2014, 05:39 PM

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QUOTE(David83 @ Apr 20 2014, 04:50 PM)
If you have an income tax file number, then you have to file it even though you're not taxable.

Your HR may have assisted you to create one of it.
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https://spsd.hasil.gov.my/PKI/e/ReqPinNo.html

i tried going here to apply for the PIN but i there is not enough characters for my income tax number - -

my number is SG123456789 for example

but they only allow me to enter until SG12345678 (maximum characters)

sigh. any idea why?
cyclone9
post Apr 20 2014, 05:50 PM

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cant find efilling for 2014 ?
SUSDavid83
post Apr 20 2014, 05:51 PM

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QUOTE(cyclone9 @ Apr 20 2014, 05:50 PM)
cant find efilling for 2014 ?
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That'll be for next year.

You're filing for last year - BE/BT/M/B 2013

This post has been edited by David83: Apr 20 2014, 05:52 PM
cyclone9
post Apr 20 2014, 05:53 PM

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hahah ok forgot tot 2014
liette`
post Apr 20 2014, 06:08 PM

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really dont get it

http://edaftar.hasil.gov.my/semaknocukai/index.php

i went to this link and it was stated "Tiada Rekod Nombor Cukai Pendapatan Bagi No. Kad Pengenalan Baru"

however, i have received an email in february last year when i registered online:

"Saya dengan hormatnya merujuk kepada perkara di atas.

2. Sukacita dimaklumkan nombor rujukan cukai telah didaftar seperti berikut:

No Rujukan Cukai : SGxxxxxx

Cawangan : Petaling Jaya

Sila gunakan nombor rujukan ini di dalam semua urusan surat-menyurat dengan pejabat ini."


it doesn't make sense does it? i have an income tax reference number but when i semak no. cukai, it says there is no record?
SUSDavid83
post Apr 20 2014, 06:32 PM

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@liette`

I suggest you to give a call or write in using Sistem Maklumbalas Pelanggan to LHDN for clarification.

URL: http://maklumbalas.hasil.gov.my/

fastreader
post Apr 20 2014, 11:58 PM

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Hi,

Q1: which of the amount goes into the "Pendapatan berkanun penggajian" in the e-filing from the EA-form?

1) the Gaji kasar, upah atau gaji cuti (termasuk gaji lebih masa)?

or the

2) Jumlah?


Q2: for the "insurans and kwsp", is it a total of the KWSP contributed by employee as per the EA-form and also the personal insurance paid annually?

icon_question.gif icon_question.gif icon_question.gif
lokgotz
post Apr 21 2014, 12:02 AM

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First time filing with a child here. I have some questions I hope someone here can assist:

1. My wife (she's working) and I are filing separately
2. Our son was born in 2013.

Question:
1. Under children relief, which do I fill in? 100% or 50%?
2. Who should fill that in? Myself or my wife or both fill in for 50%?

BTW, it's the same child.
liette`
post Apr 21 2014, 01:17 AM

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have a question. referring to the attachment, i have highlighted in a box the part which i do not understand.

assuming my chargeable income is RM21,000, this means I fall under the 6% bracket. Which means I have to pay RM1260 (before RM400 rebate). But my question is, what is the RM300/RM900 shown in the box I highlighted. Not quite sure how to apply it.


Attached Image
SUSDavid83
post Apr 21 2014, 07:52 AM

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QUOTE(fastreader @ Apr 20 2014, 11:58 PM)
Hi,

Q1: which of the amount goes into the "Pendapatan berkanun penggajian" in the e-filing from the EA-form?

1) the Gaji kasar, upah atau gaji cuti (termasuk gaji lebih masa)?

or the

2) Jumlah?
Q2: for the "insurans and kwsp", is it a total of the KWSP contributed by employee as per the EA-form and also the personal insurance paid annually?

icon_question.gif icon_question.gif icon_question.gif
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1) Gross income inclusive of OT and fixed allowance

2) EPF contribution solely by the employee and life insurance policy up to RM 6k max
SUSDavid83
post Apr 21 2014, 07:56 AM

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QUOTE(liette` @ Apr 21 2014, 01:17 AM)
have a question. referring to the attachment, i have highlighted in a box the part which i do not understand.

assuming my chargeable income is RM21,000, this means I fall under the 6% bracket. Which means I have to pay RM1260 (before RM400 rebate). But my question is, what is the RM300/RM900 shown in the box I highlighted. Not quite sure how to apply it.
Attached Image
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If your taxable income is RM 21k:

QUOTE
First 20k == 300
The balance 1k at 6% = 60

Total is RM 360


QUOTE
If your taxable income is RM 35k:

First 20k == 300
The next (balance) 15k at 6% = 900 (15k * 0.06)

Total is RM 1200

SUSDavid83
post Apr 21 2014, 07:58 AM

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QUOTE(lokgotz @ Apr 21 2014, 12:02 AM)
First time filing with a child here. I have some questions I hope someone here can assist:

1. My wife (she's working) and I are filing separately
2. Our son was born in 2013.

Question:
1. Under children relief, which do I fill in? 100% or 50%?
2. Who should fill that in? Myself or my wife or both fill in for 50%?

BTW, it's the same child.
*
It's advisable for the one who is paying for more tax to file for full 100% children relief.

Alternately, both of you can file 50% each if I'm mistaken.
timeonce
post Apr 21 2014, 08:01 AM

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dear all,

I got a friend who is leaving Malaysia for business trip for a few years. But his salary still paid in Malaysia. But his service is for other country. Does it means he still need to pay tax in Malaysia ? He is working in a OHQ company in Malaysia.
SUSDavid83
post Apr 21 2014, 08:06 AM

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QUOTE(timeonce @ Apr 21 2014, 08:01 AM)
dear all,

I got a friend who is leaving Malaysia for business trip for a few years. But his salary still paid in Malaysia. But his service is for other country. Does it means he still need to pay tax in Malaysia ? He is working in a OHQ company in Malaysia.
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QUOTE
> If a Malaysian who is residing and working in either Australia or London provide consultancy services in his personal capacity to a company in Malaysia and his services are paid to his bank account in Malaysia, is this income subject to income tax? If this income is below RM25,000 a year, does he have to report his income?

As he is likely to be a non-tax resident individual in Malaysia, his income from consultancy services will be taxable in Malaysia provided the services are performed in Malaysia. The payer is required to deduct 10% of the gross amount payable and remit the amount withheld to IRB. The withholding tax is a final tax and fees received need not be reported in a tax return.

URL: http://www.thestar.com.my/News/Nation/2014...-are-claimable/


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