If you opt for 8%, income tax payable naik?
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 Jan 29 2016, 12:15 PM
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#1
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Senior Member
758 posts Joined: Jan 2003 From: Angel Heaven X 
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QUOTE(Seager @ Jan 29 2016, 12:12 PM) Kawan hantar kat Whatsapp Only happen to those yearly EPF less than 6kMacam logic jugak Anyone working in income tax capacity/ HR can confirm if the deductions above are right?   |
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Jan 29 2016, 12:18 PM
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#2
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Senior Member
758 posts Joined: Jan 2003 From: Angel Heaven X
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QUOTE(rcracer @ Jan 29 2016, 12:15 PM) but even if exceed 6k, less EPF does automatically mean more taxable income True only for the first 11 month, but all will reconcile at December month..... So no effect at the end of december / or doing BE |
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Jan 29 2016, 12:19 PM
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#3
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Senior Member
758 posts Joined: Jan 2003 From: Angel Heaven X
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QUOTE(Havoc Knightmare @ Jan 29 2016, 12:16 PM) That's a lie. EPF contributions are taxed already. If EPF contributions were tax exempt, you would be calculating your income tax on your gross income minus EPF contributions. Like say a person makes 10k. If his EPF portion were tax exempted, you will only calculate tax on the 8.9k (under 11% contribution), not 10k. Go learn LHDN formula properly before state a fact.... |
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