can anyone enlighten me?

My friend mother, working as secretary in a law firm. What they do, they didn't fill out for rebate, or even request for refund of excessment.

what they did is, when the time is come, those accumulated money in IRB + interest ( not sure how much ) they will use it for buying a property.

Anyone know about this?

Actually that is not rebate or anything that can be claimed. That is Benefit in Kind (BIK), where your employer provides you with servant/gardener/driver. This BIK which should be declared and is taxable.

Declaring this BIK won't reduce your tax. It will increase your tax. 

hi all,

wana ask a few questions which kinda pop up in my head.

1. wat is the minimum amt per annum tat would require me to declare tax?
2. how will the govt. know tat i didnt pay tax?
3. wat if i haf tat minimum amt in my savings, need i to declare tax?
4. is thr any organizations in which we can hire to calculate tax for us?

thank you very much.

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 

so salary starting RM2300 is taxable already.. below that will be covered by rebate.

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.

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.

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Added on January 1, 2009, 2:17 pm
hehe sorry again, i still dont get u... 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

i heard those like reimbursement like parking from company can be relieved as well, is it true ?

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?

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. 

Would like to know living allowance taxable or not?

Also do non-residents pay less tax than residents? Seems other countries residents get to pay less than non residents.

My fren gonna be coming over to work as engineer.

He is from Singapore. I told him he better come before June 2009, so that his stay here for the year 2009 will be 180 days, thus when time comes for assessment in April 2010, his 2009 income can claim relief and will be on multi-tiered scale.

SInce our salary are deducted with tax in advance, I told him for 1st 6mths, he will be taxed very badly at 28%.

But once he qualifys as resident, and after the assessment for 2009 is done in April 2010, he should get some tax money back (as his income works out to RM60k per year, and in lower tax bracket).

Did I provide him with the correct info?

U guys know how long it takes to refund? i heard many people said it takes forever! But from your experience?

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...

Hi Guys,

Need some advice... From the spreadsheet of attahun, I found that last year i start enter higher tax blacket... the tax is really painful. My income just purely salary from my employment. Basically i oredi maximized my relief legally, books, sport, kwsp, medical insurance, donation, computer (oredi claimed previous year . I think there is no chance for me to reduce my tax for 2008 oredi..

However, i think this year i would kena again. Is there any idea how could i reduce my tax legally?

From my own study:
1. Get a wife and get kids.... Tax relief but more expenses 
2. Spend more on medical... company covered oredi.
3. Pay medical for parents... a bit lucky cos parents still healthy

If i pay SSPN for my siblings, could i entitled for tax? (my father still working....)
Or could i make some business then use the kerugian in business to reduce my income??? (i have no idea on this)

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?