SECTION 4(b) : Employment Income
SECTION 13(1)(a)
- salary, tips, bonus
- travelling/petrol allowance 4m work 2 home : RM 2,400-EX
- travelling/petrol/toll rate allowance 4 work : RM 6000-EX
- parking
- meal allowance
- child care allowance : RM 2,400-EX
- entertainment allowance : limited
- car insurance premium, road tax and maintanance
- electricity, water
- telephone bills (except 4 directors)
- credit card facilities
- interest on loan
- tuition/school fees of child
- tuition fees 4 employee
- insurance premium
- anyone hired by EMPLOYEE
- gift vouchers
- discounted stuff
- one computer
- awards : RM 2000-EX
- professional subcription
- club membership
SECTION 13(1)(b)
- car (divide by 8 years and times 80%)
- fuel
- furniture (cost incurred by employer divide no. of years)
- telephone bills
- gardener, driver, servant
- water and electricity bills
- club membership
- leave passage: highest 3 in m'sia -EX; limited RM 3000 outstation
- discounted prices : RM 1000-EX
SECTION 13(1)(c)
- accomodation...
SECTION 4(c)
- DIVIDEND INCOME
- INTEREST INCOME : except 4m friend, bormal organisation, convertible loan stock.
- Rental Income : (owner in a individual: provide support service - 4(a); does not provide support service - 4(c)) (owner is a company : provide ss or minimum units[p.g.6-10]- 4(a); no ss and no min units).......(-) allowable expenses : advertising-first tenent, second tenant; legal fees-first tenant, second tenant; repair; renovation; quit rent, assesment; insurance expenses; air-cond- first unit, replacement.
- Royaly income : airtistic work- 10,000; translation of books-12,000; literary work/original painting-20000; cultural performance-full; musical composition-20,000
- premium income: fully taxable
SECTION 4 (e)
- pension income : (retire; >55years old; paid 4m approved scheme; former employment in Malaysia) highest is exempted others are taxable; foreign source is 100% taxable.
- annuity income : annuity is fully taxable ; m'sian life insurance
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