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 Personal relief Income tax, legally, reduce income tax

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pisces88
post Jul 14 2011, 12:25 AM

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is tablet's categorized under computer? can my dad use it to deduct income tax (he has not purchased any computer in the last 3 years)? by the way computer is not rebate right? its deducted from total income chargeable?
pisces88
post Nov 4 2011, 04:33 PM

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quick question. if i have not paid any income tax, and i've been working for 1 year. does it matter?
pisces88
post Aug 30 2012, 12:53 PM

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Is PCB calculated based on fixed rate? (example rate for 2011, 10-20k 3%, 5-10k 3%, less than 5k 1% etc). seems like i got charged more than the 1% every month for my PCB. why ya?
pisces88
post Aug 30 2012, 11:20 PM

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QUOTE(cute_boboi @ Aug 30 2012, 03:08 PM)
According to earlier replies, if S&P both names, then 50-50. Unless you have specifically mention in S&P that, e.g. you own 2/3 and wife 1/3. Or other %.
It's fixed amount, based on your monthly salary. Similiar like how EPF deduction works.
Refer PDF below.

JADUAL POTONGAN CUKAI BULANAN
SCHEDULE OF MONTHLY TAX DEDUCTIONS

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thanks alot!

so when next year file for income tax i can submit and request refund if got extra? or they will auto do it?
pisces88
post Mar 25 2014, 12:14 AM

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As a start, discuss with your boss if your take-home income can be arranged in such a way that non-taxable allowance be increased instead of basic salary. For example, up to RM2,400 travelling allowance is tax free. Meal allowance, parking allowance, childcare allowance are some allowances that you can toy around to reduce your income tax.


i read this somewhere, does anyone whether the rm2400 travelling allowance is per year or per month?

how bout other allowance (meal, parking)? whats the maximum?
pisces88
post Mar 26 2014, 09:39 AM

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QUOTE(Hapeng @ Mar 26 2014, 09:10 AM)
Travelling allowance or petrol allowance received by an employee for travelling from home to place of work and from place of work to home is exempted up to an amount of RM2,400 per year.
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biggrin.gif thanks!
pisces88
post Mar 27 2014, 05:33 PM

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QUOTE(ts1 @ Mar 27 2014, 11:26 AM)
ask yr boss offer u a contract to yr company to employ u..said abc sdn bhd...salary+12% epf + allowance..this is effective if yr salary at higher bracket..pls note tat u need for the audit fee, secretary fee, filling fee, tax fee etc..abt 2-3k...

unless u paying close to 10k of tax, no point set up la..or u can pool of 4 person to make it..
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good idea wor.. but duno my boss willing or not.. see how ba sweat.gif

 

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