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  • Encik Nordin Tax Relief: Total Income

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    Farhana Borhan
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    This document contains Encik Nordin Tax's income and relief information for tax purposes. It lists his total income of RM196,300 which includes his gross salary of RM135,000, annual bonus of RM35,000, and allowances of RM2,800. It then lists the total relief amount of RM70,550 which includes self-relief, medical expenses, education costs, and other lifestyle expenses. After subtracting the total relief from the total income, the taxable income is RM125,750. Based on the tax brackets, the individual owes RM3,480 in taxes after deducting rebates.

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    Assignment on Tax

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    This document contains Encik Nordin Tax's income and relief information for tax purposes. It lists his total income of RM196,300 which includes his gross salary of RM135,000, annual bonus of RM35,000, and allowances of RM2,800. It then lists the total relief amount of RM70,550 which includes self-relief, medical expenses, education costs, and other lifestyle expenses. After subtracting the total relief from the total income, the taxable income is RM125,750. Based on the tax brackets, the individual owes RM3,480 in taxes after deducting rebates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    31 views2 pages

    Encik Nordin Tax Relief: Total Income

    Uploaded by

    Farhana Borhan
    This document contains Encik Nordin Tax's income and relief information for tax purposes. It lists his total income of RM196,300 which includes his gross salary of RM135,000, annual bonus of RM35,000, and allowances of RM2,800. It then lists the total relief amount of RM70,550 which includes self-relief, medical expenses, education costs, and other lifestyle expenses. After subtracting the total relief from the total income, the taxable income is RM125,750. Based on the tax brackets, the individual owes RM3,480 in taxes after deducting rebates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Nur farhana binti borhan

    201952777
    BA249 3A
    Assignment on Tax

    Encik Nordin Tax Relief

    Total Income RM

    Gross Salary 135,000

    Annual Bonus 35,000

    Allowances 2,800

    Wife (2000 x 12) 24,000

    Total Aggregate Income 196,800

    (-) Donation to Tabung Bersamamu (500)

    Total Income 196,300

    Total Relief RM

    Self-Relief 9,000

    Special equipment for Huda 6,000

    Self-education fees 7,000

    Medical expenses for Huda 3,000

    Disabled child 6,000

    Lifestyle:-

    Textbook/magazine 1,500

    NST subscription 400

    Laptop 2,500

    Tennis (sport equipment) 500

    Unifi 1,200

    A-level program 2,000

    Degree level 8,000

    EPF 4,000

    PRS 1,200

    Contribution to SOCSO 250


    Nur farhana binti borhan
    201952777
    BA249 3A
    Child kindergarten (500 x 12) 1,000

    Child under age-18 2,000

    Parent’s treatment expenses 5,000

    Wife 4,000

    Education insurance 3,000

    Family Takaful 3,000

    Total Relief 70,550

    Total Income – Total Relief

    =125,750

    1st – 100,000 = 10,900

    2nd 25,750 = (25,750 x 24%)

    = 6,180

    (-) Rebate

    Zakat salaries + zakat fitrah

    2,600 + 100

    = 6,180 – 2,700

    Tax = 3,480

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