If ur co didn't apply tax file for u, how can a fresh graduates open a new tax file number for himself?
Income Tax Issues v4, Scope: e-BE and eB only
Income Tax Issues v4, Scope: e-BE and eB only
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Jan 23 2016, 08:56 AM
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Senior Member
6,429 posts Joined: Jun 2005 |
If ur co didn't apply tax file for u, how can a fresh graduates open a new tax file number for himself?
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Jan 23 2016, 02:09 PM
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Senior Member
11,554 posts Joined: Aug 2009 |
QUOTE(audy @ Jan 22 2016, 08:16 PM) I did a check on the PCB 2016 table for the tax deduction on my salary range and noticed that the amount is actually higher than my income tax amt for 2015. The difference is about RM100. How is this possible? I thought the tax amt is supposed to reduce with the Budget 2016. PCB are just an estimated figures, the actual you still need to fill in the e-filling with all of your possible claims then only will come out the end results.FYI, every year I get tax refund from IRB so it is definitely not because my company under deduct the monthly tax. Anyone know a possible explanation? |
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Jan 23 2016, 02:10 PM
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11,554 posts Joined: Aug 2009 |
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Jan 23 2016, 02:28 PM
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520 posts Joined: Jul 2015 |
QUOTE(Silverdust @ Jan 22 2016, 06:40 PM) Wow, thanks that provide some insight, though. http://www.hasil.gov.my/goindex.php?kump=3...&unit=3&sequ=1#Another question is it an obligation for companies to help to deduct your salary and "pay on behalf of you" for your income tax? Hi, u may refer to above link for some Q&A....hope it helps you. Errmm...regarding your questions, I m not sure..perhaps HR people mayb able to help you. But, i f i m not wrong, the HR "need" to do it... |
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Jan 23 2016, 02:30 PM
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Senior Member
520 posts Joined: Jul 2015 |
QUOTE(audy @ Jan 22 2016, 08:16 PM) I did a check on the PCB 2016 table for the tax deduction on my salary range and noticed that the amount is actually higher than my income tax amt for 2015. The difference is about RM100. How is this possible? I thought the tax amt is supposed to reduce with the Budget 2016. Could be due to some exempted category now finished? E.G, the broadband tax?FYI, every year I get tax refund from IRB so it is definitely not because my company under deduct the monthly tax. Anyone know a possible explanation? |
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Jan 23 2016, 02:49 PM
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2,065 posts Joined: Oct 2014 From: Ipoh,Perak |
QUOTE(LNYC @ Jan 23 2016, 02:28 PM) http://www.hasil.gov.my/goindex.php?kump=3...&unit=3&sequ=1# Yes it's compulsory to deduct and pay on behalf of employees if they are liable to PCB. Hi, u may refer to above link for some Q&A....hope it helps you. Errmm...regarding your questions, I m not sure..perhaps HR people mayb able to help you. But, i f i m not wrong, the HR "need" to do it... Company will get fined for not deducting/paying PCB. |
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Jan 23 2016, 02:51 PM
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Senior Member
2,065 posts Joined: Oct 2014 From: Ipoh,Perak |
QUOTE(audy @ Jan 22 2016, 08:16 PM) I did a check on the PCB 2016 table for the tax deduction on my salary range and noticed that the amount is actually higher than my income tax amt for 2015. The difference is about RM100. How is this possible? I thought the tax amt is supposed to reduce with the Budget 2016. Do you have extra income during that month like bonus/allowances? FYI, every year I get tax refund from IRB so it is definitely not because my company under deduct the monthly tax. Anyone know a possible explanation? The PCB difference should not be that huge unless you have a huge increase in your pay. |
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Jan 23 2016, 03:15 PM
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6,429 posts Joined: Jun 2005 |
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Jan 23 2016, 05:00 PM
Show posts by this member only | IPv6 | Post
#269
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Senior Member
11,554 posts Joined: Aug 2009 |
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Jan 25 2016, 12:56 AM
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460 posts Joined: Jan 2008 |
QUOTE(rapple @ Jan 23 2016, 02:51 PM) Do you have extra income during that month like bonus/allowances? If got bonus definitely there's an increase in tax deduction what I'm curious is the rate in the 2016 PCB table is higher than my normal salary monthly tax deduction. I thought would be lower as stated in Budget 2015 & 2016. Im very sure my company didnt under deduct 😄 since I do get tax refund. Anyway no big deal. Was just asking.The PCB difference should not be that huge unless you have a huge increase in your pay. |
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Jan 26 2016, 12:21 PM
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo |
Hi, would like to know what's the minimum annual salary that will get income tax? And does that inclusive of bonus as well?
Bonus can get tax and deduction of EPF & socso too? Checked website but there are many versions. Need someone who are experienced to clarify this to me. Thank you in advance. |
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Jan 26 2016, 01:19 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(Belphegor @ Jan 26 2016, 12:21 PM) Hi, would like to know what's the minimum annual salary that will get income tax? And does that inclusive of bonus as well? Bonus surely is a taxable income and "EPF"ed as well. Bonus can get tax and deduction of EPF & socso too? Checked website but there are many versions. Need someone who are experienced to clarify this to me. Thank you in advance. EPF got tax relief which can be claimed up to Rm6k combined with life insurance. Socso, currently no, next year YA 2016, then yes, up to Rm250. |
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Jan 26 2016, 02:03 PM
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo |
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Jan 26 2016, 02:15 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(Belphegor @ Jan 26 2016, 02:03 PM) There is no such thing of "minimum" annual salary.Income tax got a table. You added up your total taxable income (monthly salary + bonus + BIK) as your gross taxable income, then deducted out the relief you entitled, personal, EPF, etc. then whatever left is the net chargeable income and then you find out from the table how much need to pay for such a chargeable income. If below the threshold then don't need to pay, generally about 30K+ above, it will vary as each person relief status may not the same. A good website to read upon for newbie in tax. https://ringgitplus.com/en/blog/Personal-Fi...Guide-2015.html |
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Jan 26 2016, 02:20 PM
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo |
QUOTE(cherroy @ Jan 26 2016, 02:15 PM) There is no such thing of "minimum" annual salary. many thanks! Income tax got a table. You added up your total taxable income (monthly salary + bonus + BIK) as your gross taxable income, then deducted out the relief you entitled, personal, EPF, etc. then whatever left is the net chargeable income and then you find out from the table how much need to pay for such a chargeable income. If below the threshold then don't need to pay, generally about 30K+ above, it will vary as each person relief status may not the same. A good website to read upon for newbie in tax. https://ringgitplus.com/en/blog/Personal-Fi...Guide-2015.html |
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Jan 26 2016, 02:35 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(Belphegor @ Jan 26 2016, 02:20 PM) The above mentioned are taxable income which must be included. Even car given by company for you to drive, you need to include it as BIK into your taxable income, there is a list of table how much BIK based on car value given, eg. 3.6k as BIK for car valued 75~100k, which will be added into your gross/chargeable income. Same with mobile phone bill, if your company pay your mobile phone bill as benefit given to employee, you need to add back into your taxable income as BIK This post has been edited by cherroy: Jan 26 2016, 02:36 PM |
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Jan 26 2016, 02:42 PM
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo |
QUOTE(cherroy @ Jan 26 2016, 02:35 PM) The above mentioned are taxable income which must be included. What about phone allowance? That include as well?Even car given by company for you to drive, you need to include it as BIK into your taxable income, there is a list of table how much BIK based on car value given, eg. 3.6k as BIK for car valued 75~100k, which will be added into your gross/chargeable income. Same with mobile phone bill, if your company pay your mobile phone bill as benefit given to employee, you need to add back into your taxable income as BIK |
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Jan 26 2016, 02:51 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(Belphegor @ Jan 26 2016, 02:42 PM) Yes, mostly you receive from employment generally is taxable in nature, except those listed as exempted category like VSS, retirement gratuity, specific travelling allowance the specific needed for job scope (like receive travelling allowance due to need to perform sales outstation) etc. |
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Jan 26 2016, 03:37 PM
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Senior Member
1,181 posts Joined: Aug 2010 |
QUOTE Walau bagaimanapun, mulai Tahun 2015 individu yang mempunyai pendapatan penggajian tahunan melebihi RM34,000 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan. Question. 'mulai Tahun 2015' means the RM34,000 applicable for income tax year 2014 or 2015? |
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Jan 26 2016, 05:18 PM
Show posts by this member only | IPv6 | Post
#280
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Senior Member
11,554 posts Joined: Aug 2009 |
QUOTE(Secruoser @ Jan 26 2016, 03:37 PM) Nope, even your pay are only rm27000 a year you still need to register your self, this is to prevent any problem later on especially when you are applying loan.As banks will take this as a consideration. |
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