When is the deadline of tax declaration this years?

April 31st for BE and June 30th for B
Usually the case

Officially, if your are working (paid salary+EPF) in 2007, your need to declare 2007 income in 2008.

Income in 2008 (with your PCB) is to declare in year 2009.

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Added on March 7, 2008, 11:56 amI'm not sifu, not qualified accountant/tax consultant. Just based on my knowledge. So... no guarantee, ok ?

Yes, hearing aid for you, can claim under Section D3 (2007 BE Form)
"Peralatan sokongan asas untuk kegunaan sendiri, suami / isteri,
anak atau ibu bapa yang kurang upaya"

Peralatan sokongan asas = basic support device/object

However, the receipt must be dated 2007 (to submit this year) and either no name, or under your name. Parents also can. But not uncle/auntie/grand-father/god-father/etc.

Yes. Income minus EPF minus bla bla bla... then calculate the taxable amount. Then use the taxable amount minus rebate, minus PCB paid, etc. = Voila! Cukai kena dibayar (underpaid) atau cukai dibayar balik (overpaid)

I think they use a common term (pls correct if wrong)
Reduction(Pelepasan): Deduct from main income calculation
Rebate(Rebat): Deduct from taxable amount calculation

i.e. rebate = better

Of course la common sense what. But I'm not sure whether it is limited to certain "approved" PC outlets or not

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Added on March 7, 2008, 12:02 pmhttp://www.hasil.org.my/cP/upload/Form/Nya...orangBE2007.pdf
BE 2007
Latest submission date: 30th Apr 2008

http://www.hasil.org.my/cP/upload/Form/Nyata/BorangB2007.pdf
B 2007
Latest submission date: 30th Jun 2008




This post has been edited by cute_boboi: Mar 7 2008, 12:02 PM

Ok, thanks for the info, really helped me a lot.

Regarding the insurance,

I received a letter from my insurance company on my premium amount, as below:

1) Life = RM1,331.60
2) Medical = RM455.90
3) Disability = RM42.50
Total = RM1,830.00

So in this case do I put RM1,331 (1) in D12 and RM498 (2 & 3) in D13, or RM1,374 (1 & 3) in D12 and RM455 (2) in D13?

Do we need to attach the insurance company's letter together with BE form when submitting?

Thanks again...

(1 + 3) in D12
(2) in D13

Why ? Life and disability = under "insurans nyawa", i.e. covers your life

Correct me if I'm wrong.

Nowadays, just submit BE form only. But keep all the proper receipts/calculation/etc attached and file properly yourself for at least 7 years to be on the safe side.

Hi,
For receipt from hospital, to claim tax under perubatan ibu bapa the receipt is written the parent's name which is the patient. Can it be claimed in this manner? Anyone has any experience on this. Thanks.

Please take note that it does not matter how expensive the computer we buy, the maximum tax deductible value is just MYR500. And this can only be claimed once every 5 years.

i just wan to ask for confirmation whether should i pay for income tax...

i have just get the salary increment which >rm2500 since Jan of 2008..may i know whether i should pay the tax or not??or need to wait for 1 year then only pay, that mean pay at next year?

That was old time, latest term is RM3000 RELIEF every 3 years.

Computer not RM3000 every 3 years?
max RM 3000

Income Tax! ( Under Gains or profits from an employment )

INCOME :

1. any income receive outside scope of Malaysia is Non Taxable
2. Resident in Malaysia..( condition normally if u are staying in Malaysia for 182 days or more considered Resident )


Types of Employment Income
1.Wages , Salary , remuneration , leave pay , fee ,commission , bonus , gratuity , perquisite , allowance
2. benefit in kind
3.living accomodation ( housing benefit )
4.refund from unapproved fund ( not approved by IRB )
5.compensation for loss of employment

Personal Relief ( most ppl concern ):
1. yourself - RM8000.00
2. if u have wife , and doing combine assesment then claim - RM3000.00 (if disabled claim more RM3500.00)
3. if urself r disabled person , get another RM6000.00
4. Medical expenses for ur parents , keep the receipts claim up to - RM5000.00 (MAX)
5. Medical expenses for ur self , spouse , child SERIOUS DISEASE -RM5000.00 (MAX)
6. Medical examination up to - RM500.00
7. Basic Supporting equipment for disabled self, spouse , child or parent - RM 5000 (MAX)
8.Fees for expended skills or qualification - RM 5000 (MAX)
9. Expenses on Books for personal use - RM1000.00 (MAX) buy more books!
10. each children below 18 - RM1000.00 each ( if child are disabled claim RM5000.00 ) cannot claim both ...either one
10.1 if child after 18 - RM4000.00 each if they are studying) no study , no relief for u...
10.2 if over 18 , and disabled claim RM 9000.00
11. Life Insurance + EPF - RM 6000.00 (MAX)
12. Medical or education insurance premium for self , spouse or child - RM 3000.00 (MAX)
13. Purchase of a personal computer -RM 3000.00 (MAX) 3 yrs claim 1 time..

If your chargeable Income is less than RM35000.00 , Claim tax rebate for RM 350 , if combined assessment , claim RM700...

Benefit In Kind ( ur own benefit working in the company ):

1. Leave passage - Domestic : maximum 3 times, exempted
Overseas : Max Rm3000.00 ,limited to one leave passage only.

2. Gardener / servant / driver :
if it is under company name , then is BIK
Gardener : RM300/mth (RM3.6k)
Servant : RM400/mth (RM4.8k)
Driver : RM600/mth (RM7.2k)

3. Telephone , under ur company name : Hardware -RM300.00 per year
Bills - RM 300.00 per year

4.Recreational club membership , if paid by employer , only subscription fee is taxable


NEED MORE INFORMATION PLS PM me, I will try to update here.
Thanks.

This post has been edited by kuntaker: Mar 18 2008, 09:46 PM

I have some illegal question to ask:-

9. Expenses on Books for personal use - RM1000.00 (MAX) buy more books!


If i dun buy but can i still claim RM1000?

4. Medical expenses for ur parents , keep the receipts claim up to - RM5000.00 (MAX)


If, not me to paid, but paid by my mother which she is not working, can i use it for claiming?

U dun buy , u din have the receipt , how u claim ooh?
mmh..



This post has been edited by kuntaker: Mar 18 2008, 09:57 PM

hello...i would like to ask....since we cannot put last 2 digit for eg. 2500.01...i cant put the 1 sen into the total annual income..should i just round it up???

on another question can i claim the medical bills by my mum, where my aprents both not working but paid by them...can i claim that??

http://www.hasil.org.my/melayu/bm_NO2_1_1K.asp
the table show annual income or monthly income??thanks a lot

For the Medical Expenses :
this is the definition of the medical expenses

An individual is entitled to claim an amount not exceeding RM5000 in respect of medical expenses expended in that basis year for his parents. It is provided that the claim of medical expenses must be evidenced by a receipt issued by a medical practitioner certifying that the treatment was provided to that individual's parents.

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Added on March 18, 2008, 10:00 pmPurchases of Books:

Purchase of books , journals , magazines and other similar type of publications for his own use or use by his wife or child, up to a maximum of RM1000.00 ( before Year end 2007 was RM 700 )

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Added on March 18, 2008, 10:11 pmhttp://www.hasil.org.my/english/pdf/FAQBEbi.pdf

check here for more information

This post has been edited by kuntaker: Mar 18 2008, 10:11 PM

Insurance also got 6k rebate while childs edu got 3k

9. Can. Because the receipt does not indicate who's using the book. And its impossible for them to check on the BOOK itself other than the receipt. You can collect all other receipts for book purchases from other people.

4. Yes. Receipts do not bear the payer's name and no one knows who paid for it unless its through credit card/cheque. Otherwise, just claim as your expenses for your parents' medical bill.

Hi,

If I have exceeded the tax relief under kwsp/life insurance category, can I ask the insurance com to shift some of the balance to medical insurance category. Currently my insurance covers both medical and life. Thanks.

I think it depends on your policy. Your insurance company can restructure your insurance statement to show which amount goes to which plan (medical or life)... this way a total break down of your annual premiums can be used for tax relief. It all depends on your insurance company. Talk to your agent/rep.

Good. If i am using the e-filling, do i need to submit the receipts? i thought we just need to submit the form.

Sorry, i am just woek for the second yr. i am like