Computer not RM3000 every 3 years?
max RM 3000

Income Tax! ( Under Gains or profits from an employment )

INCOME :

1. any income receive outside scope of Malaysia is Non Taxable
2. Resident in Malaysia..( condition normally if u are staying in Malaysia for 182 days or more considered Resident )


Types of Employment Income
1.Wages , Salary , remuneration , leave pay , fee ,commission , bonus , gratuity , perquisite , allowance
2. benefit in kind
3.living accomodation ( housing benefit )
4.refund from unapproved fund ( not approved by IRB )
5.compensation for loss of employment

Personal Relief ( most ppl concern ):
1. yourself - RM8000.00
2. if u have wife , and doing combine assesment then claim - RM3000.00 (if disabled claim more RM3500.00)
3. if urself r disabled person , get another RM6000.00
4. Medical expenses for ur parents , keep the receipts claim up to - RM5000.00 (MAX)
5. Medical expenses for ur self , spouse , child SERIOUS DISEASE -RM5000.00 (MAX)
6. Medical examination up to - RM500.00
7. Basic Supporting equipment for disabled self, spouse , child or parent - RM 5000 (MAX)
8.Fees for expended skills or qualification - RM 5000 (MAX)
9. Expenses on Books for personal use - RM1000.00 (MAX) buy more books!
10. each children below 18 - RM1000.00 each ( if child are disabled claim RM5000.00 ) cannot claim both ...either one
10.1 if child after 18 - RM4000.00 each if they are studying) no study , no relief for u...
10.2 if over 18 , and disabled claim RM 9000.00
11. Life Insurance + EPF - RM 6000.00 (MAX)
12. Medical or education insurance premium for self , spouse or child - RM 3000.00 (MAX)
13. Purchase of a personal computer -RM 3000.00 (MAX) 3 yrs claim 1 time..

If your chargeable Income is less than RM35000.00 , Claim tax rebate for RM 350 , if combined assessment , claim RM700...

Benefit In Kind ( ur own benefit working in the company ):

1. Leave passage - Domestic : maximum 3 times, exempted
Overseas : Max Rm3000.00 ,limited to one leave passage only.

2. Gardener / servant / driver :
if it is under company name , then is BIK
Gardener : RM300/mth (RM3.6k)
Servant : RM400/mth (RM4.8k)
Driver : RM600/mth (RM7.2k)

3. Telephone , under ur company name : Hardware -RM300.00 per year
Bills - RM 300.00 per year

4.Recreational club membership , if paid by employer , only subscription fee is taxable


NEED MORE INFORMATION PLS PM me, I will try to update here.
Thanks.

This post has been edited by kuntaker: Mar 18 2008, 09:46 PM

U dun buy , u din have the receipt , how u claim ooh?
mmh..



This post has been edited by kuntaker: Mar 18 2008, 09:57 PM

For the Medical Expenses :
this is the definition of the medical expenses

An individual is entitled to claim an amount not exceeding RM5000 in respect of medical expenses expended in that basis year for his parents. It is provided that the claim of medical expenses must be evidenced by a receipt issued by a medical practitioner certifying that the treatment was provided to that individual's parents.

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Added on March 18, 2008, 10:00 pmPurchases of Books:

Purchase of books , journals , magazines and other similar type of publications for his own use or use by his wife or child, up to a maximum of RM1000.00 ( before Year end 2007 was RM 700 )

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Added on March 18, 2008, 10:11 pmhttp://www.hasil.org.my/english/pdf/FAQBEbi.pdf

check here for more information

This post has been edited by kuntaker: Mar 18 2008, 10:11 PM

whao..happy4ever , u compute income tax for ur company 1 is it?^^
so geng..^^

r u very sure is RM3500?
mmh...
from wat i check at LHDN also RM 3k le..

[quote=dinozilla,Mar 19 2008, 03:26 PM]u missed out covering donation for charity....

[/quote]

thanks..^^
donation only for approved donation ma..
so i guess not everyone donate to approved donation?

or ZAKAT? who give?
fully rebate..if employee..

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Added on March 19, 2008, 4:38 pm
I fill in BE form only la.

[/quote]

ou...okok

i din fill the BE form 1 eh..hee...
i now studying the tax..XD
help ppl to see wat they can do to giv government less tax..^^


This post has been edited by kuntaker: Mar 19 2008, 04:38 PM

The receipt that only acceptable by IRB only can claim..^^

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Added on March 22, 2008, 10:45 pmu buy insurance pay yearly din hv receipt?


This post has been edited by kuntaker: Mar 22 2008, 10:45 PM

Normally if approved by IRB on donation ,
there will have a serial number for it..
and with a CHOP there say approved by IRB..
^^
if u wan example i can go take..
^^

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Added on March 23, 2008, 4:02 pmnot dun donate tat often la..
juz if can, juz donate that can claim from IRB..^^
extra is on urself..^^

This post has been edited by kuntaker: Mar 23 2008, 04:02 PM

Computer..agree!

Income tax paid annually...
if ur income below RM2500.00 i think no nid pay..
u can check lhdn website