#8 - As per the Form BE guidebook; "An amount limited to a maximum of RM1,000 is deductible in respect of the purchase of books, magazines, journals or other similar publications (in form of hardcopy or electronic but exclude newspapers or banned reading materials) for enhancing the knowledge of the individual, husband/wife or child." But what's most important is that you have the receipts to support your claims. Limited means that you can claim up till RM 1k only (even if you have spent more than that).

just wondring does it cover phone with data plan?

I have a question here.....

What type of the publication can be claim that exclude newspaper? Is The Edge consider as newpaper or magazine?

All these time before I just think only newspaper can't be claim but not to sure whether there are magazine or publication that can't be claim also?

Newspaper is technically a publication published DAILY... cannot claim tax relief
The Edge is a weekly publication... can claim tax relief

I need to buy some medicine (from Tung Shin hospital) for my mother in law. Usually we buy 1 years' supply at one go (as she stays outstation).

Can I use the receipt to deduct income tax? Should the receipt be made to my name or my MiL or how should we go about this?

The cost is about RM2000 for the year's supply of med..

Cheers!

I need to buy some medicine (from Tung Shin hospital) for my mother in law. Usually we buy 1 years' supply at one go (as she stays outstation).

Can I use the receipt to deduct income tax? Should the receipt be made to my name or my MiL or how should we go about this?

The cost is about RM2000 for the year's supply of med..

Cheers!

You are receiving this email because you are provided the benefit of Employee Awards & Recognition paid.

In accordance to LHDN’s Public Ruling No.2/2004 issued 8 Nov 2004 and Second Addendum to Public Ruling No.2/2004 issued 17 Jan 2006, the prescribed value of this Benefit-In-Kind (BIK) is taxable as there is personal elements involved or has the potential of it being convertible to cash.

The amount will be reported in your EA Form for year 2011 as a BIK.

Please also take note that for year assessment 2011, individuals are allowed tax exemption of up to RM2,000 for BIK related to innovation, productivity and efficiency.  If you have received other cash bonuses (e.g. Special Incentives, Inventor Bonus or Recognition) directly through payroll, the amount will be sum up and tax rebate of RM2,000 will be applied.

For further reference, please refer to LHDN website on the ruling of BIK and exemptions allowed.

Thank you.

I received an email from HR regarding this:
May I know what does this mean? I see a lot of stars! 

May I know what is BIK? I'm still unclear over this as this term is my first time encounter such entry. 

May I know what is BIK? I'm still unclear over this as this term is my first time encounter such entry. 

"Benefits In Kind"
eg. company sold to U a demo car below market price by $10K, thus your BIK = $10K
OR
U are given a property to live in, with services and stuff, costing say $7K per month.
Thus your BIK for the year = $7K *12 mths

Er.. please correct me if i'm in lalaland ar fellow forumers.

does anyone knows how to calculate the tax relief for the housing interest (capped at Rm10k) stated in the BE form?

Based on the Housing Loan Year End statement... add all the figures in the Interest column those charged in Year 2011.

really that easy? but there for formula wor....eg what A X B/C
not sure how they calculate using that formula......so how ah ?

please clarify for me:
1) Digi SmartPlan that got internet access - can claim under Internet broadband? claim data expenses or claim monthly subscription fee?
2) Deferred annuity - can claim life insurance here ? If KWSP 6.3 K and life insurance 1.6 K, how should i claim?

Thank you very much ^^