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 Income Tax Issues v4, Scope: e-BE and eB only

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wil-i-am
post Dec 27 2015, 04:59 PM

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QUOTE(klnaj @ Dec 27 2015, 11:26 AM)
Hi all,

I wonder is there any interest or penalty LHDN will charge if we choose to pay the income tax by installment?

My brother was taxed by LHDN, on top of the amount that he needs to pay, there is additional 1k plus he needs to pay as well which according to the officer, this is the penalty charge to him for choosing installment plan. This is true?
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LHDN won't impose penalty if tax payer choose to pay via instalment
Scan a copy of the LHDN notice address to your brother for our reference
wil-i-am
post Dec 31 2015, 04:29 PM

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QUOTE(klnaj @ Dec 31 2015, 02:56 PM)
Hi William,

Not manage to get the statement from my brother, all I can get is on the statement the penalty is due to  "Kenaikan cukai sek 103 ACP" What is this sek 103 ACP mean?
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Can u explain in details what happened as Sec 103 is very wide
wil-i-am
post Jan 2 2016, 02:11 PM

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Among the new personal reliefs in YA 2016 is additional 1k per child (<18yo), 2k per child (> 18yo), parental care 1.5k for fa & ma each n 250 for contribution to socso
wil-i-am
post Jan 6 2016, 02:53 PM

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QUOTE(peeyaw @ Jan 6 2016, 09:07 AM)
NOPE no details given.. They just state the amount I need to pay that's all..

I've called them N they just tell me it's cukai tambahan.. Can I know what does it mean? If it's fishy they can just ask me to produce documents to prove it but they didn't
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I wud advise u visit their ofiz to seek clarification face-to-face
wil-i-am
post Jan 13 2016, 10:21 PM

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QUOTE(kweil @ Jan 13 2016, 10:33 AM)
Hello..

May I know what is the kod bayaran for penalti payment??  is it 084???

Thank you..
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084 is Bayaran Ansuran Cukai Individu
There r a few kod for penalty

wil-i-am
post Jan 17 2016, 08:49 AM

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QUOTE(uncle08 @ Jan 16 2016, 09:48 PM)
Hello, may I know after budget 2016 on last year October, how much min amount of salary is taxable ya?
From my last recall, 3k is kena tax ady. How about current ya?
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QUOTE(intrepidity85 @ Jan 16 2016, 09:58 PM)
would also like to know .. preferable got table so we can understand more
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Refer tis link
http://www.hasil.gov.my/pdf/pdfam/Jadual_PCB_2016.pdf
wil-i-am
post Feb 10 2016, 11:30 PM

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QUOTE(bagok @ Feb 10 2016, 05:47 PM)
If last 2 years i got cheat a bit on refund ( max out insurance + books /sport ). If got caught how much need to pay the fine ?
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U can choose to disclose voluntarily since LHDN offer to reduce penalty
wil-i-am
post Feb 26 2016, 10:47 PM

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QUOTE(wan7075 @ Feb 26 2016, 09:22 PM)
not sure anybody asked this question before regarding the new EPF 8% and 11 %?

if my EPF + life insurance is much more than 6k, example 6k epf + 4k insurance,
will it be more worth to set my EPF at 8%?
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Yup
Having said tat, it depends on individual due to various objective n plan
wil-i-am
post Feb 29 2016, 04:43 PM

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QUOTE(silverviolet @ Feb 29 2016, 01:31 PM)
today is last day for employers to pass ea form to employees..any penalty should they fail to do so?
imma feeling evil
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Can pass in March 2016 but date EA Form on 29/2
wil-i-am
post Mar 3 2016, 10:51 PM

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QUOTE(stormaker @ Mar 3 2016, 10:39 PM)
Oh ... then maybe I shall wait n see how much they going to refund me this year, n whether they refund according to the stated amount or not before I call them or give them a visit.
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If the difference is small, wud advise to forego considering opportunity cost
wil-i-am
post Mar 3 2016, 10:58 PM

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QUOTE(stormaker @ Mar 3 2016, 10:54 PM)
Yeah, not worth the hassle if the different is small, but the amount for "Latest tax paid in excess" are getting more n more, which puzzle me.
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I suppose u have a lot of tax relief(s)
wil-i-am
post Mar 3 2016, 11:06 PM

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QUOTE(stormaker @ Mar 3 2016, 11:03 PM)
Actually I dont have much tax relief, especially this year ... n the amount of refund im talking about are less than RM500 ... hahahaha
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RM500 is sizeable as it can finance 2 mths of petrol if u r an average user
wil-i-am
post Mar 3 2016, 11:13 PM

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QUOTE(stormaker @ Mar 3 2016, 11:10 PM)
true ... that's why i keen to get the answer, but the amount are accumulated under "Latest tax paid in excess".  The refund i suppose to get this year are far less then that, that's why hope to get the rm500 ... lol ...
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Wish u gud luck on the refund from LHDN
wil-i-am
post Mar 10 2016, 09:20 AM

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QUOTE(Human Nature @ Mar 10 2016, 12:05 AM)
Is there any way to get deduction for professional membership subscription fee?
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OT
Wat is yo profession?
wil-i-am
post Mar 13 2016, 11:52 AM

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QUOTE(Kerry1136 @ Mar 13 2016, 11:31 AM)
Guys under the section: EDUCATION & MEDICAL INSURANCE

It states
A relief not exceeding RM3,000 is available on insurance premiums
in  respect  of
education  or  medical  benefits  for  an  individual,
husband, wife, or child.

Does that mean I can include my wife medical premiums too?
I'm filing individually btw, but I'm paying for my wife's insurance though its not under my name.
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If m not wrong, nope as u must b d beneficiary
wil-i-am
post Mar 13 2016, 05:18 PM

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QUOTE(Kaka23 @ Mar 13 2016, 02:55 PM)
When is dateline for e filing?
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On paper is 30th of every April
Having said tat, LHDN do grant extension until 15th May (discretion)
wil-i-am
post Mar 13 2016, 07:10 PM

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QUOTE(Supergoola @ Mar 13 2016, 04:39 PM)
Hello fellow Lyn,

An email from my company promise to make some of our allowance tax free,

But until now no new ea is out yet.. Can I simply just deduct what is promised to be tax free and fill the e filing? (As if the email is already sufficient for the matter)

Or I have to wait for ea form to be generated for legality later?
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Your submission via e-filing must b substantiated by EA Form
wil-i-am
post Mar 13 2016, 08:47 PM

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QUOTE(babykids @ Mar 13 2016, 07:31 PM)
Hello, wish to know can we do back filling previous 5 years personal income?

any penalty or issue there? thanks for the reply.
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In fact, LHDN welcome your initiative to come forward
I supposed u can discuss n negotiate the penalty with LHDN
wil-i-am
post Mar 14 2016, 06:19 PM

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QUOTE(Kaka23 @ Mar 14 2016, 09:00 AM)
I better push for my company for the EA form!!
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U still have plenty of time
wil-i-am
post Mar 14 2016, 11:30 PM

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QUOTE(jason0124 @ Mar 14 2016, 11:01 AM)
Hi Sifus,

I only started working on July 2015.. Do I need to do efilling?
And I only got my income tax PCB started on Jan 2016.
Please advices. Thanks.
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As long as u start to work, u need to perform e-filing

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