IRB pay interest? Don't think so...
Accumulation, yes.

This post has been edited by htt: Dec 30 2008, 05:04 PM

Actually that is not rebate or anything that can be claimed. That is Benefit in Kind (BIK), where your employer provides you with servant/gardener/driver. This BIK which should be declared and is taxable.

Declaring this BIK won't reduce your tax. It will increase your tax.

Correct, but that's breach of law if not declare...

hi all,

wana ask a few questions which kinda pop up in my head.

1. wat is the minimum amt per annum tat would require me to declare tax?
2. how will the govt. know tat i didnt pay tax?
3. wat if i haf tat minimum amt in my savings, need i to declare tax?
4. is thr any organizations in which we can hire to calculate tax for us?

thank you very much.

1. 30k?
2. If you acquire property etc. Or someone whistle blowing.
3. Saving no need to declare tax.
4. Tax agent, they help you with fee.

not sure also.. anyone got knowledge about this?

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Added on December 31, 2008, 8:58 am2.5k/month is 30k.. yeah.. 30K

no need tax agent.. can ask ur company HR to help u also..

This post has been edited by wenjie86: Dec 31 2008, 08:58 AM

1) Even your annual income is not taxable...you still need to file your tax.

The penalty for not filing your income tax is much much higher than does who filed lower income tax than supposed to.

2) Guess wat, your employer oso file their company tax as well...and you as their employee....

Your salary goes into banks...records r left everywhere... IRB have all the means to check if they wan to

3) You declare your annual income for that year alone...as long as it is income... even u save it or not...

4) You can always go to accounting firm to find out...any qualified accountant will know wat to do. But i suppose if you are only doing personal tax...no need to go to that extend...do it your own oso can

This post has been edited by kingkong81: Dec 31 2008, 10:14 AM

Actually you only file your tax once you have registered as a taxpayer. If it happens that year you are not taxable but you are registered as a taxpayer, YOU MUST FILE YOUR TAX RETURN.

If your income is not taxable, and you don't have a tax file number, it's not necessary for you to go register a tax file number and file your tax return. Waste your time, AND waste IRB's time.

How do you know if you have a tax file number? If you're an employee, check with your HR. If you're doing your own business, be sure to register yourself as a taxpayer.

if ur salary is RM2.5K/month = RM30K/year, KWSP 11% every month, amount taxable is RM86.00

actually when ur salary RM2.3K/month = RM27.6K/year, KWSP 11%, amount taxable is RM21.92

so salary starting RM2300 is taxable already.. below that will be covered by rebate.

To be exact, RM24,906/ year will not be taxable.
RM2,075/ month.
Assumed EPF at 11%, personal relief of RM8,000, Rebate RM350 and no other relief for single with no child.
But if you go IRB and tell them you want to declare for income tax with not much salary for them to tax, they might just ask you 'baliklah, if need declare we will inform you'.

can just register first ma....

sorry don't quite get u..do u mean RM24,907/year is taxable then? i calculate base on my calculator so might be my mistake so just want to clarify..

anyway should register and declare even though no tax for the year...reason is to save u from trouble when they audit you and suddenly realized you never declare your salary, then 'kena' because of not declaring your salary...so income tax must still be filed.

Another reason is that when you start to get PCB (potongan cukai berjadual) and sometimes you are over-deducted, you can only claim back the extra deductions if your past tax declaration is settled, so u don't want to end up having problem in this.

Less taxing year

Excerpt from The Star:

1. Taxpayers who receive petrol, parking and travelling allowances can now claim tax relief of up to RM6,000 a year.

2. Parents can also claim up to RM2,400 a year for childcare fees, while exemptions are also provided for telephone and handphone, pager, Personal Data Assistant (PDA) and Internet subscriptions.

3. Those claiming for medical benefits could also enjoy tax relief for maternity expenses and buying and seeking traditional medicines and services respectively. They include ayurvedic and acupuncture treatments.

URL: http://thestar.com.my/news/story.asp?file=...7846&sec=nation

i think they need to state clearly what can/cant be deducted as a tax relief especially for no.2

im also quite blur with the exemption no.2.

is it meaning my streamyx bill can get exemption? but what kind of exemption since it's part of my expenses.

I mean first RM24,907 is not taxable. Amount after that is taxable.
But that's based on an individual with taxable income of less than RM35,000. No kid, not married and have no other relief. Each individual might have different figure, that's just some rough indication only.

Last time we use to have trouble to open that account with IRB, maybe they had improved over the years. Or maybe those officers think we will never pay anything towards building of our nation.

yes its good that streamyx bill can claim for exemption..

by having exemption, of course it is your expenses, but that expenses will not be taxed, which means if total income RM2.5K/month = RM30K/year, only exemption if 11% KWSP and RM8K yearly expenses, your total tax would be RM86.00

but if streamyx bill is allowed for exemption, using same example as above and streamyx bill RM100/month = RM1.2K/year, your total tax would only be RM50.00; that's quite a difference right, especially when it helps to lower your tax bracket.

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Added on January 1, 2009, 2:17 pmhehe sorry again, i still dont get u... total income per year of more than RM2500 (after deductions) is taxable, in this case only 1% = RM25. but with rebate RM350, it may seem that it is not taxable. but this rebate might be increased,reduced or taken away by the government so it doesn't mean that the income is not taxable. u have to declare your income if you have monthly salary.

and again based on my previous example, after minus rebate and deductions, a person having salary of at least RM2300/month = RM27,600 would have to pay tax..lower than that is covered by the personal rebate.

if yearly salary is RM24,907 don't have to pay any tax as it is covered by the rebate. please correct me if i'm wrong.

p/s: ok i done a bit more of calculations, if your salary is RM2233.33/month = RM26,800 / year, kwsp 11% and RM8K relief, your income tax would be RM0.59

This post has been edited by attahun: Jan 1 2009, 02:18 PM

does anyone know what would be the maximum amount we can claim for internet subscription ?

n looking at the attachment, does it mean we can only claim if our phone bills exceed RM300?


Attached thumbnail(s)

Maybe I too lazy
The assumption is, a single individual, not married and have no kid.
Total annual income is RM24,907.
EPF contribution at 11% (-11%*24,907).
personal relief RM8,000.
Balance *3% (I don't know 3% correct or not, got it from somewhere) <RM350.
Tax payable =0.

It is still not detailed enough. LHDN should come over with a directive on this matter ASAP.