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.

---

Added on January 1, 2009, 2:17 pm
hehe 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

so, the streamyx exemption in your example will become realised? or have to wait for ruling to come out in more details?

Tax relief for sports and fitness equipment still valid for year 2009 assessment?

All these apply to foreigner too?? so called expat

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.

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?

To encourage employers to provide more benefits to their employees and
to assist in reducing cost of living, it is proposed that employees be given tax
exemption on allowances, benefits in kind and perquisites received from
employers as follows:
i. petrol card or petrol allowance or travel allowance between the
home and work place up to RM2,400 a year;
ii. petrol card or petrol allowance or travel allowance and toll card for
official duties up to RM6,000 a year;
iii. allowance or fees for parking;
iv. meal allowance;
v. allowance or subsidies for childcare of up to RM2,400 a year;
vi. telephone and mobile phone, telephone bills, pager, personal data
assistant (PDA) and internet subscription;
vii. employers’ own goods provided free of charge or at discounted
value where the value of the discount does not exceed RM1,000 a
year;
viii. employers’ own services provided free or at a discount provided
such benefits are not transferable;
ix. subsidies on interest on loans totaling up to RM300,000 for
housing, passenger motor vehicles and education. The exemption
be given to existing and new loans;
x. medical benefits exempted from tax be extended to include
expenses on maternity and traditional medicines such as ayurvedic
and acupuncture; and
xi. existing perquisites be extended to awards related to innovation,
productivity and efficiency such as the Six Sigma Award and the
exemption be increased from RM1,000 to RM2,000 a year.
The above exemptions are not extended to directors of controlled
companies, sole proprietors and partnerships.
Expenses on allowance, benefits in kind and perquisites provided by
employers be given full deduction even though such benefits are not stipulated in
the service contract of the employee.
All the above proposals are effective from year of assessment 2008
except for proposal (i) which is effective from year of assessment 2008 to year of
assessment 2010.

You are wrong man.
You can only claim streamyx IF ONLY your employer provides such benefit for you.

anyone know which column to fill in for sports equipment ?

http://www.hasil.org.my/cP/upload/Form/Nya...orangBE2007.pdf

http://www.hasil.org.my/cP/upload/Form/Nyata/NotaBE2007.pdf

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.

sorry bro, dont see where i am wrong..   i just said its good IF streamyx can get exemption.. cheers! 

How does this work ?
If my wife gives birth, can I claim under maternity expenses  ?

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.

@attahun

Have tested with your calculator bro. Make life easier

From the summary at bottom, total we have to pay ... don't we already pay by deducted salary each month ?
I wonder does many of you guys put exactly information on your income ... cos if income high, have to pay more tax ...
or you guys just simply put low salary and exclude the allowances
How about the relief like mag etc ?

and do many of you guys overpaid or underpaid your tax to gov ?

@attahun

Have tested with your calculator bro. Make life easier

From the summary at bottom, total we have to pay ... don't we already pay by deducted salary each month ?
I wonder does many of you guys put exactly information on your income ... cos if income high, have to pay more tax ...
or you guys just simply put low salary and exclude the allowances
How about the relief like mag etc ?

and do many of you guys overpaid or underpaid your tax to gov ?

i heard those like reimbursement like parking from company can be relieved as well, is it true ?