Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
ClinkyChunk
post Nov 12 2015, 12:48 AM

New Member
*
Newbie
3 posts

Joined: Nov 2015
Hi Guys, newbie here.

Im just wierded out. My first time on income tax.
I just did a look around and found this : https://ringgitplus.com/en/blog/Personal-Fi...Guide-2015.html

1.Based on there. My salary is 4500 per month. Does it mean i dont have to pay tax?
2.Or thats annually?
3.If so, then roughly does it mean my taxable income would be (4500*12)-(standard tax relief 9000+6000)= 54000-15000=39000 [roughly here means ignoring other tax relief] = i will be in the 11% tax bracket?
4.If so, lets say i want to add in another tax relief which lets say a computer at max 3000 and books max 1000. So 39000 - 4000 = 35000 which made me fall under the 6% tax bracket. Does it mean that LHDN will pay me back the 4-5% difference that i had paid?
5.If so how much is that roughly?

Thaaaanks.
ClinkyChunk
post Nov 12 2015, 02:40 PM

New Member
*
Newbie
3 posts

Joined: Nov 2015
QUOTE(rapple @ Nov 12 2015, 10:25 AM)
Less than RM35k chargeable income get RM400 rebate.

Calculation as below:-

First 20k = RM150
Next 15k = RM750
Total = RM900
Less rebate = RM400
Payable = RM500
*
Thank you but can explain the less rebate is from where?
ClinkyChunk
post Nov 13 2015, 10:17 AM

New Member
*
Newbie
3 posts

Joined: Nov 2015
Thanks.

 

Change to:
| Lo-Fi Version
0.0261sec    0.07    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 02:53 AM