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

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andyfriends
post Oct 26 2015, 01:53 PM

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can i check, if for general allowance, is it taxable?
any particular act that i can refer to?
andyfriends
post Oct 26 2015, 11:19 PM

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QUOTE(David83 @ Oct 26 2015, 02:16 PM)
Fixed recurring allowance is taxable.

Non-taxable or tax-exempt allowance will be put under BIK section of EA form.
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what are the categories of fixed recurring allowance n Non-taxable or tax-exempt allowance ?

where can i read up?
andyfriends
post Oct 26 2015, 11:31 PM

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QUOTE(David83 @ Oct 26 2015, 11:28 PM)
Try this link: http://www.millionsystem.com.my/article.php?id=38
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need to keep receipt or as long as the allowances are kept within that range then is fine?

any source in case nd to argue with irb
andyfriends
post Oct 26 2015, 11:38 PM

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QUOTE(David83 @ Oct 26 2015, 11:35 PM)
If it's tax exempt, no need to keep the receipts as I believe you'll be submitting the original receipts to your HR for claim or reimbursement.

Your HR is responsible to put that amount into Section G.

If taxable, then no need to keep since it already incurs tax.
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what about general allowance?under which category?
my fren co has general allowance max 6k even no rec also can claim..
andyfriends
post Oct 28 2015, 06:57 PM

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QUOTE(David83 @ Oct 26 2015, 11:43 PM)
Different company has different practice or policy of defining it.

General allowance up to RM 6k should be:
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Yes i know.

but now our battle is against LHDN
hence, wanting to find the best solution.

any source documents for that > about general allowance
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