what about general allowance?under which category?
my fren co has general allowance max 6k even no rec also can claim..

Different company has different practice or policy of defining it.

General allowance up to RM 6k should be:

Petrol card, petrol allowance, travelling allowance or toll payment or any of its combination for official duties. If the amount received exceeds RM6,000 a year, the employee can make a further deduction in respect of the amount spent for official duties

Just downloaded the new PCB jadual. I found the PCB for the same income has drop quite a lot in 2016. Wanna confirm whether if I am missing something.

Example
In 2015. Married, wife working , 3 children, and monthly salary is RM4000 (How can survive in Malaysia? )

1) EPF is RM4000 x 0.11 = RM440
2) Taxable salary is RM4000-RM440 = RM3560
3) Income tax PCB 2009 Chart show RM3560 taxable salary need to pay RM70

But in 2016, we pay RM11.35 only??
Can someone please confirm?

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.

Thank you. What about the minimum annual salary?

many thanks! Allowance, incentive, commissions not considered right?

What about phone allowance? That include as well?

Hi,

Would like some advice on tax relief. I am a government servant. Currently still on EPF until they start to offer me the pension scheme. I had bought a desktop once, so that is RM3000 deducted. I personally do not like to bring lots of receipts to claim because:
1. Claim too much (max in each category), even though legal will result in officers being sent to scrutinise your dealings. Had few friends like that. Not nice ordeal, even though cleared.
2. Receipts fade away, even though you can scan, try telling that to the officers at that time, might not be so lucky.
3. I am not that good at maitaining tons of receipts for a 5 year period.

I will claim an odd item here and there, (like another pc or book subscription) though I would rather just they see my paycheck, and know that I'm deducting stuff monthly to get the tax rebate. Currently for tax rebate, I have:
1. Deposit monthly to Zakat (I figure I might as well give something locally rather than the gomen). About 60% of the rate of the PCB rate. Zakat is not-refundable, unlike income tax. That is why deposit is about 60%.
2. I have a wife and child (few months old) so I should get extra tax rebate.

What other methods of passive tax rebates which I could do so that when come to e-filling time, I don't spend too much time on stuff?

I am planning to open a SSPN-i account for my child, so I guess that is RM6k extra/year. I have a ASB account, though I am not sure if this is tax deductable.

Second, as my wife is also working, she has yet to setup any kind of tax rebate. What is best for her?

Thank you all for the advice.

how to determined foreign income,

i hire a local company (sdn bhd)act as agent which the company invest in hong kong share market. my gain from this investment is foreign income and not subject  to tax?

I'm unsure if this is the place to ask, sorry if it's not. Here goes.

I got 2 mails from LDHN regarding my tax for 2012 and 2013. Turns out I need to pay additional tax of 685 and 1424 for 2012 and 2013 respectively. It's weird cause based on my tax filing, those years I got tax rebates and they paid me back a couple hundreds. How come now I need to pay back them.

I'm lost now I don't know who to call and ask. Is this the process that I need to bring receipts and paperworks of the rebates that I filed for 2012 and 2013?

For donation like we saw at newspaper is the donation entitle for tax relief? Do we need receipt for proof ? or just keep record for the bank in slip for tax deduction?

Thank you

I am an employee, getting salary and commissions.

I am also one of the directors of my own company (sdn bhd), gross profit over RM500k, running company.

Do I declare my personal income tax in april or declare it in june ?

Any ways to reduct the tax amount I need to pay ?

This is my first time....

it doenst matter if i'm the one who paid for kids' medical insurance but wife is the one claiming the relief ?

- Anyway for me to submit vouluntary on my monthly tax deduction for my part time job instead of one short paying during assessment period?

I'm working in Malaysia and my income is RM3k, which I checked is not within the taxable amount.
How about it? Still need to file it?

I thought if u r not existing tax payer (especially for fresh grad) and ur income has not reach the taxable income level, u can choose not to do tax filing.. If u have yet to reach the taxable income level, y u want to put urself in trouble to report that every year.. Unless u have PCB paid that u want them to refund.. Correct me if my understanding is incorrect..

am I taxable?

An individual who earns an annual employment income of RM25,501 (after EPF deduction) has to register a tax file.

With effect year 2010 an individual who earns an annual employment income of RM26,501 (after EPF deduction) has to register a tax file.

With effect year 2013 an individual who earns an annual employment income of RM30,667 (after EPF deduction) has to register a tax file.

Nevertheless, with effect year 2015 an individual who earns an annual employment income of RM34,000 (after EPF deduction) has to register a tax file.

what mean by CP500? where to access it?

So mean if u earn less than 34000, u can choose not to do tax filing..

Guys, some question want ask about personal and company tax.

Example: A freelance done his job get commission 10k from company, but the commission amount is after deduct company tax 20% = Freelance get RM 8,000

Is it the correct way?

Do the freelance still need declare personal tax?

what if i setup a sdn bhd, i setup a staff welfare fund and let my staff who makes glasses and eventually claimed as company expenditure under staff welfare?

wow, i didn't know this!

are you saying:
A sdn bhd reimbursed staff B medical claim such as dental claims, medical claim, glasses total RM1000 in year 2015.

in the end of year of assessment:
A sdn bhd can declare expenditure of staff welfare RM1000 from taxable income.
and,
staff B has to add RM1000 to his taxable income?

true?

Hi guys,

I have a question.

I have been working in dubai for a year, dubai based company so I receive dubai salary as well.

As far as I know, I dont have to pay any tax right? But do I have to inform LHDN that I am working overseas? If not, do i have to do anything else?

Thanks