Can we claim book/magazine receipts from Store Copy receipt ?
The receipt have MPH written on it but without the usual address and phone numbers. Each description is itemised as [BUKU] or [MAJALAH]

How does this work ?
If my wife gives birth, can I claim under maternity expenses ?

buy car got nothing to do with income tax...

As long you have not start to use e-filling, the form will continue to be sent to you.
Once you are on e-filling, then no forms will be sent.

Is Optical benefit from company taxable as income ?

Answer is NO. You need to deposit in RM3,000 every year to enjoy the tax relief.
The statement for Income Tax relief is available at http://epay.ptptn.gov.my/saving/hasillogin.jsp
It would show whether you can deduct or not.

Do you have an income to survive ?
If you have an income, then it's taxable.

I remember <RM6,000 no need to keep receipt.
Then you can use this receipt for the business account relief...

Books & Magazine relief is counted based on actual payment you paid (nett after discounts and cash vouchers).

Eg.
Cost of book = RM50
10% Discount = RM5
Total Cost of Book = RM45
Payment method = RM40 + RM5 Cash Voucher (from bookstore)

Total relief can be claim is RM40, not RM45.

This post has been edited by ronnie: Apr 15 2009, 10:18 PM

Did your employer give you these benefit in year 2008 ?
If yes, these benefit is now tax exempted for YA2008. No need to put into the form.

FYI....Ketetapan Umum must be set to YES/YA to ensure you are not flagged for audit.

Did your company reimbursed the amount back to you ?
Normally this benefit need to be added to your Income...but for YA2008, it will be tax-exempted.

Eg.
In Year 2007, you receive RM2,400 as travel allowance from company
You need to add RM2,400 to your total income for YA2007

In Year 2008, you receive RM2,400 as travel allowance from company
You DO NOT need to add RM2,400 to your total income for YA2008

If company don't reimburse, means they do not provide travel allowance to you as an employee. Thus nothing do with Income Tax.
You can't use these receipts as tax relief...

Sports equipment is the newest item which you can claim as tax relief for YA2008.

Racquet, Shuttlecocks, Golf ball, ping-pong ball, ..... are claimable.
Basically without that item the sport will not happen.

Sport Shoes, Sports Attire, Swimsuits cannot claim
Why it cannot be claim ?
- You can run bare foot
- You can swim naked

This post has been edited by ronnie: Apr 15 2009, 10:42 PM

What is the breakdown of RM11111 ?

Tax exempt on allowance is NOT EQUAL to Tax Relief or deduction.

Your employer should not calculate item
1. Parking Allowance.. RMxxx
2. Transportation Allowance.. RMxxx
3. Handphone Allowance.. RMxxx

into the RM11111 as this will increase your taxable income... Better get your HR to re-do the EA form.

Let me give you an example
The company gives RM500 as parking allowances
The company gives RM10,000 as travelling allowances (home to/from work + work related travel)

For year 2007, EA should put RM10,500 to be added as part of your income
For year 2008, EA should put RM10000-(RM6000+RM2400) = RM1600 to be added as part of your income.

Do you see the savings ?

Look at Contoh 5 from this : http://www.hasil.gov.my/melayu/pdf/perkuis...bahan012006.pdf

This post has been edited by ronnie: Apr 16 2009, 02:15 PM

If you get travelling allowances RM6000 and your company add that figure to your total PENGGAJIAN...that's totally WRONG !!!
Either put in Section G or don't add to PENGGAJIAN

Tell your HR to fix it

This post has been edited by ronnie: Apr 17 2009, 05:51 PM

Here's the difference in terms

1. Tax exempted amount means you don't need to put in the Borang BE/B.
2. Tax relief amount only need to put in borang BE/B.

1. Personal relief - don't need receipt
2. Computer - need receipt for the year of assessment.
3. Sports equipment - RM300 also need receipt
4. Parents medical - max RM5000

All receipts must be kept for 7 years.

You can buy more medical insurance to claim up to RM3,000
Do donation

You need to do the medical examination at approved hospitals which include ECG, X-Ray, blood test.
It cost approx >RM500 per examination