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

If your taxable income is RM 21k:

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.

Same article from The Star:



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

Nope.

Combine them into one and put the latest employer in the Maklumat Individu section.

My reference to "who is paying more tax" is "who is earning more and paying more tax before any relief deduction" - higher taxable income

The purpose of the claiming eligible relief is to reduce your taxable income and that will translate to lower final tax paid (need to pay).

Employment without business income.

Q1: Who needs to furnish Form B?
A1: Form B needs to be furnished by an individual who is resident in Malaysia and carries on a business.

Q2: What is the difference between Form BE and Form B?
A2: BE Form - income assessed under Section 4 (b) - 4 (f) of the Income Tax Act 1967 (ITA 1967) and be completed by individual residents who have income other than business.
Form B - income assessed under Section 4 (a) - 4 (f) of the ITA 1967 and be completed by individual residents who have business income (sole proprietorship) or partnership.

Q33: If I started a sole proprietorship in 2010 and I was a director of a private limited company, do I fill out two separate forms for reporting these two sources of income?
A33: You are not required to fill in two different forms. You just need to complete Form B 2010 because you have business income in the year 2010. Statutory business income should be reported in column C1 while income from employment as a director to be reported in column C10.

URL: http://www.hasil.gov.my/pdf/pdfam/FAQ_B_EN..._11042011_1.pdf

This post has been edited by David83: Apr 22 2014, 06:16 PM

Q33: If I started a sole proprietorship in 2010 and I was a director of a private limited company, do I fill out two separate forms for reporting these two sources of income?
A33: You are not required to fill in two different forms. You just need to complete Form B 2010 because you have business income in the year 2010. Statutory business income should be reported in column C1 while income from employment as a director to be reported in column C10.

If you have a tax income file opened, just file it even though your income is not taxable.

@J_pandapuppet, you can put back-dated incomes from previous years at first page under "Pendapatan Tahun Kebelakangan Yang Belum Dilaporkan".

Since you have actually paid the tax via monthly PCB deduction and if you don't have any business income, I don't see the big deal. In the case of being audited, you can bring along the previous EA forms to support your case.

The EA form will have each of the details including OT and taxable fixed allowance. This is the only proof or paper work for employment income and I did mention in my post "if you don't have any business income".

If you have business income, this will be out of scope.

For filing back dated incomes, you're not allowed to claim for relieves.

Let the tax officer perform the assessment, he or she may be called for a coffee session at the tax office.

Do you think that I'm THAT stupid and not aware of those things?

I'm talking about "Pendapatan Tahun Kebelakangan Yang Belum Dilaporkan" and NOT about current year of assessment. How many times that I have been stressing this.

Under "Pendapatan Tahun Kebelakangan Yang Belum Dilaporkan" section, you can only put "Jenis Pendapatan", "Bayaran Pada Tahun", "Amaun Kasar" and "Caruman Kumpulan Wang".

As I mentioned earlier that, when you're filing for un-filed back dated or previous years income, you're not allowed to claim for relieves.

If you have BUSINESS INCOME, that is another separate different discussion.

This post has been edited by David83: Apr 23 2014, 10:48 AM

Go ahead to claim it and pray hard that you're not picked for audit.

No need to deduct or key in anywhere in the BE form.

Make sure that your HR put that amount into the Section G of the EA form under tax exempted BIK.

Does that amount appear in the Section B of the EA form? If yes, you should ask your HR to correct the EA form.

Any amount appears in the Section B are taxable.

If no amount at Section B, just ignore it.

This post has been edited by David83: Apr 25 2014, 08:00 AM

I really hope you won't call for the audit.

We don't encourage stoppy to do that.

Of course, the final decision is still on you.

LHDN is very strict this year.

Yes. This has been highlighted by a tax consultant in this thread.

Isn't the prerequisite for eligibility is so clear and straight forward that the S&P must be signed in between 2009 and 2010?