This document provides details on calculating personal tax for an individual. It lists various sources of income and tax reliefs that are deducted from statutory income to determine chargeable income. Standard tax rates are then applied to different portions of chargeable income to compute total income tax charged. Applicable rebates and monthly tax deductions are subtracted to determine the total tax to be paid or any overpayment.
This document provides details on calculating personal tax for an individual. It lists various sources of income and tax reliefs that are deducted from statutory income to determine chargeable income. Standard tax rates are then applied to different portions of chargeable income to compute total income tax charged. Applicable rebates and monthly tax deductions are subtracted to determine the total tax to be paid or any overpayment.
This document provides details on calculating personal tax for an individual. It lists various sources of income and tax reliefs that are deducted from statutory income to determine chargeable income. Standard tax rates are then applied to different portions of chargeable income to compute total income tax charged. Applicable rebates and monthly tax deductions are subtracted to determine the total tax to be paid or any overpayment.
Less : Approved Donations (if any) (Restricted 10%) (XX)
TOTAL INCOME XXX
Less : Tax Reliefs
Self 9,000 Wife 4,000 Medical treatment and expenses (parents) (Restricted to RM8,000) 8,000 Medical treatment and expenses (self,spouse and child) (Restricted to RM8,000) 8,000 Lifestyle expenses (self, spouse and child) (Restricted to RM2,500) :- *Purchase of books, personal computer, sports equipment, internet subscription 2,500 *Additional purchase of personal computer, smartphone or tablet 2,500 Education fees (self) (Restricted to RM7,000) 7,000 Ordinary child relief :- *Unmarried child and under the age of 18 years old 2,000 *Unmarried child of 18 years old and above (Receiving full time education) 2,000 *Unmarried child of 18 years old and above (Receive further education in diploma or 8,000 higher level) Disable child 6,000 Education & Medical Insurance Premium (Restricted to RM3,000) 3,000 Life insurance and EPF (Restricted to RM3,000) 3,000 EPF Contribution (Restricted to RM4,000) 4,000 SOCSO Contribution (Restricted to RM250) 250 (XXX) CHARGEABLE INCOME XXX
PERSONAL TAX COMPUTATION (continued)
RM RM From the amount of Chargeable Income TAX PAYABLE (Based on the Tax Rate stated by Inland Revenue Board) On First RM XXX XX Next RM XXX @ % XX TOTAL INCOME TAX CHARGED XXX
Less : Tax Rebate
Self rebate (Entitled if the Chargeable Income Less than RM35,000) (XX) Zakat / Zakat Fitrah (If any) (XX)
TOTAL TAX PAYABLE XXX
Less : Monthly Tax Deduction (PCB) (If any) (XX) TOTAL TAX TO BE PAID / (TAX OVERPAID) XXX