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 Personal relief Income tax, legally, reduce income tax

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deodorant
post Mar 3 2009, 07:03 PM

Surfing LYN instead of Working.
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Senior Member
5,691 posts

Joined: Mar 2006


Argh,

I just realized that having big bonus also bumps up your payable tax by a huge amount. My monthly deductions in 08 were like $140 a month only, but after taking my bonus into account & all the deductions, seems like I'm going to have to pay an extra 3.5k to IRB ... =_=;;

/sigh
deodorant
post Mar 4 2009, 03:21 PM

Surfing LYN instead of Working.
*******
Senior Member
5,691 posts

Joined: Mar 2006


QUOTE(attahun @ Mar 4 2009, 11:47 AM)
woww must be a big bonus there... rclxms.gif  learn to maximize on exemptions to minimize the tax u have to pay.. btw, an EXTRA 3.5K?? thats a lot.. tongue.gif

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?
deodorant
post Mar 17 2011, 10:07 PM

Surfing LYN instead of Working.
*******
Senior Member
5,691 posts

Joined: Mar 2006


ARGH

I switched jobs in Oct 2010, and the new company didn't deduct my PCB for the 3 months (they started deducting Jan 2011 onwards). Dapat gaji that time didn't notice, now only notice. So end up I need to pay LHDN like almost 2k for this year's filing cry.gif

Also I pay broadband but the bill/acct in my dad's name ... so he gets the rebate (aha).

Also I bought a computer last year to relief, but after looking back at my previous year's submissions sh*t i miscalculate, actually I only eligible to claim in 2011 cos I last claimed in 2008 ... sad.gif
deodorant
post Mar 17 2011, 10:16 PM

Surfing LYN instead of Working.
*******
Senior Member
5,691 posts

Joined: Mar 2006


QUOTE(David83 @ Mar 17 2011, 10:09 PM)
You meant that you're planning to claim for last year (2010) computer purchase relief in YA2011? Possible?

Nah, what I meant is that if I had checked properly, I would have bought my comp in 2011 instead of 2010 sad.gif

 

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