Computation of Chargeable Income Tax for YA XXXX

Husband Wife
S 4(a) Business Income
Adjusted income xx
Add: Balancing charge xx
Less: Capital Allowance (xx)
Unabsorbed business loss b/f (xx)
Statutory Income xxx
S 4(b) Employment Income
S 13(1)(a) xx
S 13(1)(b) xx
S 13(1)(c) xx
S 13(1)(d) xx
S 13(1)(e)
S 4( c) Interest, Dividend, Discount xx
S 4(d) Rental, Royalty xx
S 4(e) Annuties, Pension xx
S 4(f) Others xx
Gross Income xxx
Less: Allowable expenses (xx)
Aggregate Income xxx
Less: Current year business losses (xx)
Less: Approved donations (xx)
Total Income xxx
Less: Reliefs (xx)
Chargeable Income xxx
Income tax payable @1-28% xx
Less: Rebate (xx)
Net tax payable xxx
Computation of Business Income S 4(a) for YA XXXX
RM
Net profit xx
Add: Revenue xx
Add: Drawing xx
Less: Other business income / Non business income
S. 4( c ): dividend, interest, discount (xx)
S. 4( d ): rent, royalty, premium (xx)
S. 4 (e ): Pension, annuities, other periodical payment (xx)
S. 4( f ): other taxable income (xx)
Add: Disallowed Expenses
Salary xx
Professional fees xx
Bad debts (General) xx
Loan xx
Entertainment xx
Miscellaneous Expenses xx
Donation xx
Insurance xx
Repair and maintenance xx
Less: Double deduction (xx)
Adjusted Income xxx
Less: Unabsorbed capital allowance b/f (xx)
Current year capital allowance (xx)
Statutory Business Income xxx