if you've maximized the other reliefs (with receipts/proofs, i hope), guess there's not much room for reducing the tax i guess.

You still can donate to charity though...thats a way to reduce the tax bracket by lowering the taxable income.

another method would be to ask your company to give allowance rather than high salary, allowance such as phone allowance, internet allowance and others are not taxable if not mistaken... but this you have to arrange with company.

somebody mentioned about this, internet allowance gets exemption.. too lazy to search around...its a new exemption by the government.

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Added on February 16, 2009, 2:32 pmanybody filed in their e-filing yet? still waiting for EA form. Anyhow i managed to login into e-filing using old login..

This post has been edited by attahun: Feb 16 2009, 02:32 PM

woww must be a big bonus there... learn to maximize on exemptions to minimize the tax u have to pay.. btw, an EXTRA 3.5K?? thats a lot..

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Added on March 4, 2009, 11:48 amaeronlim, try my calculator..

This post has been edited by attahun: Mar 4 2009, 11:48 AM

no, cannot. but if company give u streamyx allowance, you do not need to declare that because its under company allowance exemption..

am i right? somebody care to clarify my statement?

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Added on March 12, 2009, 8:20 pmthanx GeminiGeek. try out my spreadsheet and then use the e-filing, avoid mistakes maa..

This post has been edited by attahun: Mar 12 2009, 08:20 PM

check out "nota penerangan BE2008" from LHDN - Borang

It is stated that handphone, pda, pager, phone bills given by employer to the employee is not taxable. however this does not apply to the owner/partner of the company.

Another good way to reduce the tax is to convert some allowance to parking allowance, no limit. another would be petrol cards or allowance, but with certain limit.

Check it out and you can find other ways to minimize tax.

nice..good job!

yes

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Added on March 25, 2009, 5:48 pmno you should not increase it. maintain it at RM8,000. then there is another clause which gives relieve of RM3000 for wife - 'D9'

This post has been edited by attahun: Mar 25 2009, 05:48 PM

no prob. cheers.

by right, if it states "shift allowance" inside payslip, u must declare that allowance as taxable as shift allowance is not exempted. You should ask your HR to change it to "shift/meal allowance" to have it exempted. Anyone can correct me if i'm wrong.

My HR changed our "outstation allowance" to "outstation reimbursements" just so that it doesn't count as income.

Well i look at it due to the 'easiness' to get a loan (and 'greediness' of bankers), even 'magic' payslips can get you big valued loans for non-local proton cars..it doesn't proof anything..

the poor are still poor..

hmm, let me try..

1. By right, when you claim for mileage claim, you will have more money, therefore it should be under income, therefore chargeable.. LHDN however allows exemption for petrol card,petrol allowance and also travel allowance as of the moment. Therefore, if it is stated in your EA form/payslip as travel allowance, it is exempted, which means you do not have to declare it under 'taxable income'. If it is stated as "outstation allowance" or "mileage claims", i would suggest changing it to "mileage reimbursements" or "travel allowance" which does not subject it to taxable income. Be sure to check where is it stated in you EA Form - under taxable or non-taxable income.

2. The salary should be = monthly salary x 11 months + any overtime + allowance.

3. EA Form serves as a summary statement for your income. Your company should declare what is the income they had paid you and normally they would identify whether the income should fall into taxable or not. EA Form is the best reference to fill in your tax / e-filing.

4. For year 2008, rebate for taxable income below RM35K is rm350, starting next year it may be increased to rm400.

5. Yes, however the bills should be under company name and not your own name.

6. Yes can be claimed for the portion where you paid. be sure to identify if it is medical insurance or life as they are exempted under different sub-clause.

7. Hehe this is subjective. I would think this is still considered a PC therefore you should just claim. Later it will be a matter of explaining to the officer should you get audited. but be sure that the list does make up a unit PC.

I hope the above is correct. Anyone can feel free to correct me if anything wrong.

It should be the amount of saving for that year minus any withdrawals of that year..so basically the answer is no, i guess..

i was told by my HR that PCB deduction is using IC number and they dont open any tax account. So basically you'll have to check with LHDN for your account number.

yeah i guess the LHDN are the ones so eager to open up ur tax account

so have to check with LHDN for ur account number.

even when company buy the medical insurance, if you are deducted every month a portion to cover the premiums, you can mention that in your tax returns.. if you are not paying and only the company, then you cannot deduct that portion. The medical and life exemption is for individual basis.

Am not sure whether the company is exempted or not if taking medical insurance plans. not sure of corporate tax structure..

yes rm8000 is automatically given to everyone as personal relief...

as for the rest, exemption is given provided with receipt which means if you buy a PC for RM2,000 you can only claim RM2,000 and not max rm3,000.. same goes with the other exemptions such as magazine, parents and sport equipments (shoes does not count as equipment and not exempted)..

basically for a single guy, you are relieved of that personal RM8,000 and EPF own contributions..the rest is dependent on your actual purchases..

parents insurance? does that count under parents medical? hmm..

Sarjana is Masters... Bachelors Degree is Sarjana Muda..

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Added on April 28, 2009, 9:37 amin EA Form, allowances and bonuses might be put outside of 'penggajian' depending on company's categorization..

In income tax declaration, all that should be put under "penggajian".. Exempted allowances need not include though...

This post has been edited by attahun: Apr 28 2009, 09:37 AM

first of all, penggajian is the amount of salary paid by company to you..so it is not only basic salary but also include overtime, bonuses, allowances and incentives...

As certain allowances are given exemption (capped to a certain amount), you therefore need not declare such allowance under 'penggajian' in your BE form...

As for your case, it would be best to clarify with your HR on the method they used to fill in your EA form...just to avoid mistakes on your part when you fill in the BE form...

IF your travel allowance is lets say RM10K per year and the max amount for exemption is RM6K, perhaps your HR had already fill in your EA Form as allowance exempted RM6K and the balance RM4K inlcuded in your penggajian?? better check it out..

do not underpay the tax as it can be considered evading tax and you may be penalized. The proper way would be to write in to LHDN branch where u are registered and ask for the refund. Just write in formally asking for their attention on the refund and do not use harsh words (dealing with government).

LHDN went through my account and had noticed that i wrongly declared one of my exemptions, they will notify you about the discrepancy..lucky me i was not penalized or anything, just that i had to repay the adjusted amount after they deduct the exemption i filed..