I think its fair, job less means no pay tax.

for the computer, 3000rm, does the tax reduction in malaysia works like this : When doing the tax, provide the receipt of the PC, and for whatever amount upto 3k, they will take 3k off the tax amount?? or is there some kind of calculation needed (depreciation rate) need to be done. And can it be claimed all at once, or gradually for 3 years.

Not familiar how tax return works in this country.

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.

Thanks again bro 

Appreciate your explanation, it help me a lot ! I understand much better now

I am tax payer but sometimes I might not taxable for 1~2 months ( if I don't do overtime). If let say my total tax per year is ONLY RM1000, I still can claim up to RM8000 provided got receipt under personal relief ?

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. 

I'm buying a laptop and a desktop at one go, obviosly it's gonna cost more than 3k..

can I submit the maximum amount?

thanks

If i have 3 houses which yield rent do i need to put in income tax thing??

Seem like very serious case

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 ?

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...

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.

1. marry to the royal family
2. become ADUN , or menteri

then you no need to pay tax

Kekekeke.........Income tax submission againnnnnnnnn

Cheeroy, who said I was spamming. This is the fact. Please refer to Schedule 6 of the Income Tax Act 1967.

Regarding my Note No. 1 can find in Sch 6 ITA.
Note 2 : Its an income tax exemption order which is also part of the internal circulations. I dont think you will be able to find this.

You think I like to spam in here?

Kekekeke.........Income tax submission againnnnnnnnn

Wah! Salute le. But option 1 is almost impossible la, give me oso dun want.
Just curious, for your Note 2, if someone become ADUN for 1 term only, the tax-exemption is still effective for whole life after he/she step-down? (hopefully not considered as spam)

cherroy : For 2009, there are few more items add-on for the tax relief. This was announced in the 2009 Budget. e.g. relief up to Rm 2400 for transport allowance. Mean if your company pay you transport allowance, u can at get tax-exemption for the RM 2400, the remaining will be taxable as normal.

Those dividend statements i got in 2008 still show income tax at 26% deducted from the dividend.
As I understand, we can no longer claim dividend deduction under section 110 now right?

Of course I could have miscalculated (hopefully), I just did some quick 2-min calculation only. But yea my bonus was about half of my entire year's salary.

Anyway while going through my last year's submission, I suddenly realized that my deduction for life insurance and EPF contributions was left blank! omg! That means I paid too much tax, zzzz. Any idea if I can still go back to income tax office to amend last year's submission?

Of course you can buy. Intel/Microsoft welcomes your purchase.     But you will not be able to claim for income tax deduction,

What is wholly and exclusively?

If all allowance we get is taxable, especially if it is in our EA form, are we allowed to deduct our expenses.  For instance, if we get a phone allowance and it is in the EA form, can we deduct our phone bills for official calls?

GST is good. It is fair to everyone. You spend/buy, you pay. I thought it was supposed to implement in MY in 2008 ??

GST is a type of 'Consumption Tax' whereas "Income Tax' is a tax on 'Income'.

The bad thing about income tax is that it does not encourage savings. As long as you make a certain amount of income, you have to pay a certain amount of tax, regardless of whether you spend them or not.

Consumption Tax, on the other hand, encourages savings in a way that you only pay the tax when you spend. If you do not spend, then you are not taxed. We already have some consumption tax in Malaysia, eg. hotels, high-end restaurants, parking, gambling, etc. You pay mainly 5% tax when you use these services. If you don't use, then you don't pay. It's fair, right ?

The good thing about consumption tax is based on the fact that the rich usually spend more, then they are taxed more, compared to the poor.