QUOTE(USJprince @ Mar 4 2008, 01:47 PM)
I give my donation to WWF (save the planet). RM250 quarterly.
All these deductible from tax. Why not right?
Donation deductible must be under the "Seksyen 44(6), ACP 1967", which is normally stated in your donation receipt. You MUST have the receipt.
http://www.hasil.org.my/melayu/bm_NO2_1_1D.asp
Added on March 4, 2008, 7:02 pmQUOTE(livingmonolith @ Mar 4 2008, 02:47 PM)
really a newbie here on taxation.
i'm just wondering, beginning of last year, i'm earning more than 30k per annum, however the company accountant does all the taxation on behalf of the employees, so i have no idea how much have i paid for tax. is this common? officially, last year is the first year i'm being taxed, so i've no idea if i'll receive any notifications on how much i have paid.
also, let's say i paid 3k for my tax last year, am i able to claim deductions if i buy books and computer from last year? or do i keep the receipts and claim at the end of this year?
thanks in advance, i've not come across any topics that can help on taxation, something that has been bugging me for quite some time.
last yr = 2007, which is declare in this year (2008)
Your company must provide you EA Form, which states (important points):
1) Total income + Bonus + claims + incentive = "Penggajian", as long as it is stated in EA form
2) Total Income Tax deducted = PCB (Potongan Cukai Berjadual)
3) Total EPF paid by employe
e (not employe
r)
In BE Form (Individual Income tax without share dividend)
1) = falls under section (C1)
2) = falls under section (F2) - deduction
3) = falls under section (D12) - deduction on employe
e contribution
onlyhttp://www.hasil.org.my/cP/upload/Form/Nya...orangBE2007.pdfbooks = section (D8) - deduction
computer = section (D8A) - deduction
Submit it as per the receipt date. i.e. this year 2008, you must declare all income/receipts dated 2007. There are exceptions though, but let's not confuse you.
Clear ? Any questions ?
Added on March 4, 2008, 7:09 pmA tip to share with all, some might already know it:
If you buy those all-in-one life insurance (PA + medical + 36 illness + cr@p + etc.)
Take note on the itemised sub amounts.
e.g. total annual premium = rm1000
Life Insurance = rm700 (Under section D12 + employe
e EPF)
Medical Insurance = rm300 (Under section D13)
Also take note the max 6k and 3k for D12 and D13.
This post has been edited by cute_boboi: Mar 4 2008, 07:09 PM