Welcome Guest ( Log In | Register )

3 Pages  1 2 3 >Bottom

Outline · [ Standard ] · Linear+

 Personal relief Income tax, legally, reduce income tax

views
     
attahun
post Dec 26 2008, 10:33 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(mi_kit49 @ Dec 23 2008, 11:13 AM)
Any details for this? Can I claim tax relief for the sport shoes?
Thank you.
*
hehe i'd like to know bout this one too..but since it mentions "equipment" i'd guess the answer is no..

does anybody know about the computer thingy, do u need to buy 1 SET computer for the relief or buying parts considered eligible for the relief??? having asked that i think i know the answer already...damn.
attahun
post Dec 28 2008, 05:14 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
Receipts must be kept in order for a duration of 7 years maximum. you shall need to show the receipts when you are audited by LHDN. Take note that should you claim now and later when audited you are unable to show the receipts, you can be 'charged' as falsifying your statement and can be charged in court. sweat.gif not to mention that you'll need to repay the balance tax which you tried to runaway from...
attahun
post Dec 29 2008, 09:56 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(GeminiGeek @ Dec 29 2008, 10:35 AM)
Well, we have to differentiate between reliefs and rebates. Reliefs in a way reduces your taxable income, and as for rebates, it reduces your tax payable. That's the different.

As for monthly tax deduction, usually stated as PCB (Potongan Cukai Bulanan) or STD (Schedular Tax Deduction), it depends on your current marriage status and also how many kids you have, then your employer deduct it accordingly. They have the deduction table and they just follow there. As far as I know from the deduction table, deduction starts if your monthly salary is RM2,500 and above. You can refer the table here. However, i think there will be 2008 ammendment due to rate changes starting YA2008. You can refer the table here. PCB deduction table doesn't take into account of any other reliefs, other than your EPF contribution, self relief, wife relief and children reliefs.

The big question, how do we claim the other reliefs that we can claim, like insurance, books, medical expenses, etc? At the end of a year, your employer will give you a form called Borang EA. This form is a summary of your gross taxable income, your EPF contribution and your PCB paid. When the IRB opened their e-filing website, login to your own form and fill it. When it comes to the reliefs part, just key in the amount that you want to claim (books, insurance, etc), and the e-filing system will automatically compute your tax. Then you will know whether your monthly deduction is enough to cover your tax payable for that year or not. If not enough, you can use maybank2u to pay, and if overpaid, just wait for refund from the IRB.
*
well explained.. rclxms.gif

if anyone needs to calculate their income tax..feel free to download a simple spreadsheet calculator i made..then u can see how much you are taxable n how much u can expect to get back ur PBC... tongue.gif cheers..
attahun
post Dec 31 2008, 04:06 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
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 tongue.gif

so salary starting RM2300 is taxable already.. below that will be covered by rebate.
attahun
post Dec 31 2008, 05:12 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(htt @ Dec 31 2008, 04:22 PM)
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'.  blush.gif
*
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
post Jan 1 2009, 02:06 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(vin_ann @ Jan 1 2009, 10:53 AM)
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.
*
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
QUOTE(htt @ Jan 1 2009, 01:09 PM)
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. blush.gif
*
hehe sorry again, i still dont get u... tongue.gif 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 tongue.gif

This post has been edited by attahun: Jan 1 2009, 02:18 PM
attahun
post Jan 2 2009, 03:36 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(vin_ann @ Jan 1 2009, 06:29 PM)
so, the streamyx exemption in your example will become realised? or have to wait for ruling to come out in more details?
*
hehe..of course have to wait for government ruling. am actually waiting for sample of BE2008 from LHDN to update my income tax calculator. tongue.gif
attahun
post Jan 5 2009, 08:53 AM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(roy918 @ Jan 4 2009, 04:34 PM)
You are wrong man.
You can only claim streamyx IF ONLY your employer provides such benefit for you.
sorry bro, dont see where i am wrong.. tongue.gif i just said its good IF streamyx can get exemption.. cheers! blush.gif
attahun
post Jan 7 2009, 04:46 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(J'Daniel @ Jan 7 2009, 11:29 AM)
@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 ?
*
J'Daniel, thanx for trying out the calc, let me know if u find any errors or mistakes..since u've tried it, i guess don't need to answer your earlier questions.

For the monthly deductions, that is not yet the final amount of your tax, is called PCB (potongan cukai berjadual), u should put that under item F2 in my calculator. So from there u can see if you have been overdeducted or underdeducted. If you have "cukai terlebih bayar", then u can claim that back from LHDN.

As for the tax declaration, it must be backed-up by proof, which is the EA statement your company comes up with. For other exemptions/relief, also must have receipts and proof. Under the new system (sistem taksir sendiri STS), you must keep all receipts for a maximum duration of 7 years. If you are audited within the said period, you have to show them your proof of claims. If you are unable to show, they will fine you for 'mis'-declaring your tax.

after reading a bit i found out that if you do not declare your tax (regardless if you are taxable or not), you can be fined a certain amount, 1 guy actually was fined RM50 + interest.. Another story was an old pensioner who wanted to bring out his EPF money was audited by LHDN and was fined quite a certain amount from his EPF money due to no salary declaration..so be wary.. tongue.gif
attahun
post Jan 8 2009, 09:05 AM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(Sonic boomer @ Jan 7 2009, 10:38 PM)
Just curious, I bought a PC from Dell recently. I just got an invoice from them. Can I use this invoice to say that I have bought the PC? If I am not mistaken invoice is just a document mentioning what you intend to buy from the company while receipt is an acknowledgement of payment?
*
i think u're right..need receipt. biggrin.gif
attahun
post Jan 8 2009, 03:41 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(htt @ Jan 8 2009, 09:16 AM)
Invoice represent the fact that transaction had been perform and you owe dell that amount of money (if you haven't paid), a receipt is just to close the loop (to prove consideration had been received), sometime invoice will mention that amount had been prepaid etc. IRB will care less whether you pay dell or not, that's something between you & dell, none of their concern tongue.gif
*
but then, i think they do care whether u pay or not. if you don't pay, then you cannot claim the tax exemption. So i think its still receipt. tongue.gif
attahun
post Jan 9 2009, 05:19 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(J'Daniel @ Jan 9 2009, 05:04 PM)
any tax payer can confirm how often they check receipt of proof ?

What if I put less salary in my BE .. like exclude my allowances etc etc ?

as I know, they don't need our JE form for declare income right ?
*
JE form and EA form same ke? haha... anyway what i know is that EA form is your proof of ur income. Allowance may not be included but that will be checked from your pay slip if LHDN want to dig further..

point is, declare based on your EA form..that should do. correct me if i'm wrong.
attahun
post Jan 19 2009, 05:34 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(peterlee @ Jan 13 2009, 04:55 PM)

U guys know how long it takes to refund? i heard many people said it takes forever! But from your experience?
*
if PCB refund, very fast from my experience.. tongue.gif like within 2 months time..if that's what u meant.. biggrin.gif
attahun
post Jan 31 2009, 11:38 AM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(J'Daniel @ Jan 30 2009, 07:48 PM)
Seem like very serious case sweat.gif

But I see like majority of my colleague doesn't even bother about income tax thingy, in MNC somemore

I went to LHDN yesterday ... BE 2006 and 2007 have to submit manual.
I ask for the pin, they say April only got ... each pin valid for a year onli

normally if manual submit, just give the BE will do ? Do i need to wait for their feedback or whatever thing ? unsure.gif
*
just updated my income tax calculator, have a look at it (refer my signature) to prepare for the upcoming e-filing. hehehe tongue.gif

after submission, thats all...if LHDN finds any irregularities, they will call for audit. by the way, you cannot claim back the excess PCB if they find any issues with your tax submission.


Added on January 31, 2009, 11:45 am
QUOTE(small lady @ Jan 30 2009, 07:01 PM)
I got an assignment to do.
The topic is on personal relief,whether it is enough or not..
I am going to conduct a survey on that topic
but then I got no idea to ask in my questionnaire...
anyone could help me...
*
well for starters you can check out how did the government came up with the RM8000 personal relief? given the cost of living such as house rent, fuel costs, internet, phones, etc etc they should revise that by now..

there are also other reliefs which can be checked out like RM3000 only for education fund, RM300 only for sports equipment.. hope you can come up with a good questionnaire that might be able to forward to the government the results...heheh..good luck.

This post has been edited by attahun: Jan 31 2009, 11:49 AM
attahun
post Feb 2 2009, 02:37 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(J'Daniel @ Jan 31 2009, 12:09 PM)
Thanks all !

What I mean is, after I submit ... do I need to wait their feedback ?

Do I get to confirm on my rebate instantly ?
*
what rebate u're referring to? if it is the rm350, it is automatically given to u when u do the e-filing if you declared taxable income below rm35,000.


Added on February 2, 2009, 2:39 pm
QUOTE(small lady @ Jan 31 2009, 03:34 PM)
thanks attahun..

one more Q,
the min salary that should pay tax?
*
i did a calculation back then, if not mistaken when your monthly salary is RM2233/month, your tax would be about RM1. This is basic calculations for a single, with no other exemptions. You can use my calculator to check for other cases of income.


Added on February 2, 2009, 2:40 pm
QUOTE(small lady @ Feb 1 2009, 09:11 AM)
thanks to you all..
where can i get salary bracket,or tax bracket? im not really sure the term for it..
*
care to elaborate further? what bracket are u referring to? if you are talking about the 'percent of tax against your income' bracket, you can get the information from LHDN website. My calculator also has it for easy reference.

This post has been edited by attahun: Feb 2 2009, 02:40 PM
attahun
post Feb 2 2009, 10:14 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(fergie1100 @ Feb 2 2009, 03:43 PM)
Hi guys..... i got some questions here:
1) I started to work on June 07 but i didn't submit the BE 07 last year & somehow my ex company helped me to register with LHDN already. So do i need to re-submit the BE 2007 or do i just pretend that i had forgotten about it?  tongue.gif

2) This year, i'm going to declare my tax. So do i just need to fill in the BE 08 & submit it to LHDN by postage? Anyway, i'm not too sure how to fill in the BE form, can i go to the LHDN office & ask for the officers there to fill in for me?  rclxub.gif

3) As my annual income is less than 30k, will they (LHDN) even bother to entertain me? I heard one of my fren said the officer tell him to "balik" when he went there  doh.gif
*
1) must submit..if not penalized like rm50 or some value i dunno, better submit coz u might not be paying that much

2) Now use E-filing easier. get e-pin at LHDN and submit tax online. easy.

3) you have to calculate to be sure. i read somewhere this guy was asked to 'balik', next year got penalized for not declaring his tax the year before.. tongue.gif got cheated by LHDN...haha
attahun
post Feb 3 2009, 11:54 AM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(fergie1100 @ Feb 3 2009, 11:21 AM)
Hi attahun, thanks for the repy  smile.gif
1) i guess i can't use E-Filing anymore as it's already year 2008. So do i have to go to the nearest LHDN for re-submitting my BE2007?


2) I see.... hmmm, i'd a glance on the BE 2007 form & i found that it's too complicated for me to fill in tongue.gif so if i declare it online, they can't see my EA form.... How are they going to know if i fill the form correctly?

3) Gosh, no wonder our G is so rich even though a lot of ppl never declare their tax  tongue.gif  Is it very crowded at the LHDN office? i'm just afraid no one there will entertain me & they don't have patience with my noobish question.....zzzz
*
1) well you use the e-filing for BE2008 which shall be up soon coz deadline is april every year...so regularly check the LHDN website for updates but it should within this month, feb'08. In the e-filing BE2008, there shall be a column at the bottom for past year tax re-submission but i'm not really sure how it works as i never tried it. You can check Sample Borang BE2008 and Description of BE2008, both docs are available at LHDN website. You may still need to go to LHDN to get your E-PIN to enable you to login into e-filing for BE2008 though, and while you're there, just ask them a bit if you want to.

2) if you declare online it'd be easier for u and under self assessment system, you have to keep relevant documents (EA forms, receipt and etc) for a period of 7 years in case they call u for audit. trust me its not that complicated. For reference of the e-filing format you can refer back to the BE2008 pdf file, to practice calculate you can use my calculator.. they will check your form especially when you claim back extra deductions and if you have any errors or discrepancy, they may call you for audit, or they will just buat dunno...hehe..

3) depends on location, LHDN office not so crowded.. but dont go there to submit your tax form, then only it'll be crowded. I suggest you go now, show your ic and get the E-pin or digital cert
attahun
post Feb 3 2009, 03:05 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(J'Daniel @ Feb 3 2009, 12:20 PM)
I tried to get the E-Pin but they said its only available April rclxub.gif

The rebate is for everything .. like the auto relief rm8k, and magazine and whatever rebate we submited. LHDN will calculate total and see we overpaid or underpaid ... and then we have to pay extra ? or maybe they pay us back ..

Do this process all happend on the spot we submit ?
*
E-pin only in April? is that correct?

If you do e-filing, you have to declare during that time for the rebate/reliefs that you're entitled and have receipt of such claims (magazine / medicals). the e-filing will auto-calculate your tax and see if you have to top up or claim for refund (note that if your PCB is more than your tax, you have to file separate form to claim refund)..i think u tried my calculator right j'Daniel?? the e-filing is similar format, i just made it into spreadsheet to plan for my tax..

IF you are audited, only then LHDN will calculate all the reliefs you claimed (must have receipts)...if no receipts but u still claim during the e-filing, you will be fined for misdeclaring ur tax..


Added on February 3, 2009, 3:07 pm
QUOTE(kswong77 @ Feb 3 2009, 12:31 PM)
ya. this year very detail. need to list down all the employees whose income > RM30K in 2008.

this will help IRB to trace whoever not declared the income tax.
*
walauwehh..now they have e-filing so their staff got more free time to do more extra work ehh?? or is it they plan to fine everyone who dont declare tax, that way they can get more money...hahaha..sokonglah kerajaan...

This post has been edited by attahun: Feb 3 2009, 03:07 PM
attahun
post Feb 6 2009, 09:25 AM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(akachester @ Feb 6 2009, 09:01 AM)
Thanks for the info there.

Questions again.

1) Regarding the BE 2007, my employer did deduct on one month of my salary. That speaking, my salary does not reach RM2,500 but at a particular month, i am given an allowance claim which incidentally, made it over RM2,500. Does that mean i still need to declare my BE2007? If i have not declare yet, what shall i do at this point? Will i be fined?

2) Thanks for the tip on the e-filling. Will definitely look into that. Anyway, does LHDN office opens on weekends and until what time? Is there any office nearby KL area?

3) And i would like to know, how much will i be charged for income tax for a specific amount of salary obtained? Is there any chart stating how much will be charged for a certain amount of salary?

Thanks..
*
1) BE2007 submission is closed already. I'd suggest you to just declare the BE2008 for the last year submission and then there shall be 'back years income undeclared' column. Just fill that in and let me know what happens. tongue.gif

2) LHDN offices are available at their website: HERE

3) Check at the LHDN website and you can get the tax schedule. Or you can download a calculator from my site, the tax schedule is also included. Cheers.


Added on February 6, 2009, 9:28 am
QUOTE(GeminiGeek @ Feb 5 2009, 07:25 PM)
J'Daniel, have you received your Form BE2008? The pin is in there too. If you're using e-filing for BE2007 last year, you don't have to request for pin anymore...
*
if you did e-filing the year before, you will also not be sent the physical forms anymore.

This post has been edited by attahun: Feb 6 2009, 09:28 AM
attahun
post Feb 6 2009, 02:40 PM

On my way
****
Senior Member
593 posts

Joined: Dec 2008
QUOTE(getsmart @ Feb 6 2009, 10:46 AM)
Just notice in e-filing have a deduction for SSPN up to 3,000.
So if have wife and 1 child, can deduct up to 3 + 1 + 3 = 7,000 every year
provided you deposit 3,000 every year into SSPN.
*
correct.

but do note that if you already claim for that, your wife cannot claim for the 1 kid and SSPN. it would be best to see whose salary is bigger, if your salary is comparable, you can let your wife to take up the claim on children as to minimize her tax, since you already got the claim on wife. tongue.gif SSPN also applies the same way but since SSPN account has a bearer name, not sure whether either father or mother can claim or must be the one with the name.

3 Pages  1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0505sec    0.50    7 queries    GZIP Disabled
Time is now: 13th December 2025 - 05:48 PM