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 Income Tax Issues v3, Anything related to Personal Income Tax

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conqu3ror
post Jan 7 2014, 02:45 AM

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QUOTE(moko123456789 @ Jan 6 2014, 05:41 PM)
im a sole proprietor can I pay my tax under personal tax ? how do u guys calculate p.a. income and deduct everthings and rebate to pay by yourself with no hire accountant do for u
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For personal without business income will fill in BE form. With business income then must use B form.

Just spend sometime goto near by LHDN ask for help.
They will able to offer some basic assistance.

If they ask u seek for professional assistance, then u gonna study business tax yourself or hope some Tax ppl can offer u free service.

I believe yours business is not high volume and complex. The fees should not be high.
conqu3ror
post Jan 7 2014, 02:21 PM

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QUOTE(moko123456789 @ Jan 7 2014, 11:59 AM)
about how much at market price for a small small 600ft salon only ... just family business only ...
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bro, tax and accounting service not judge by the business space and type of business. It will depend how complex, turnover and the volume of the business. Even a making loss business may more expensive the profitable.

Some may charge RM500 and some maybe RM1000 just for tax submission. If no proper P/L recording, then they will need to do more job which mean higher cost.
conqu3ror
post Jul 13 2014, 05:42 AM

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QUOTE(patienceGNR @ Jul 12 2014, 10:38 PM)
I don't see any income tax deductions on the payslip

Mine is about 2.5k nett monthly (if I don't any medical leave)

EA form was given to me around February this year, I think that was it. But I lost it now, will check with HR if I can get another copy just for reference.

As attached is my payslip with personal info removed. Am not sure what are the taxable category. Still a young fellow learning biggrin.gif notworthy.gif hope I get proper guidance.
edit : the "Tax No" in the pay slip is empty by the way.
[attachmentid=4051635]
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For personal income tax, the submission of BE Form had closed on 30 April. You can add prior year declaration if you want to. But no declare needed if fall in the group as below.
But you reaching the taxable group very soon when salary increase.
Good news= More salary
Bad news= Paying more tax

You can check with LHDN whether you had a tax file with them. If you just started to work, high probable no tax file yet.

As refer to the Q&A as website below

Q1: What is the minimum income required to be taxable?

You have to pay tax if you earned an annual income of RM36,704 (or about RM3,058 per month) or more in 2013.

http://www.beritasemasa.com.my/lhdn-e-fili...l-2014-malaysia

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