Malaysia
Malaysia personal income tax
The income of any person, including a company, accruing in or derived from Malaysia or received in Malaysia from outside Malaysia is subject to income tax or in other words all individuals are liable to tax on income accrued in, derived from or remitted to Malaysia. April 30th is the deadline for the submission of income tax returns for the individual taxpayer without a business income in Malaysia, while June 30th is for those with business income in Malaysia.
While reading the newspaper on tax issue reminded abu that he has not filled in his income tax form as yet. Tax computation has been a burden on abu’s shoulder and fatima has been talking and reminding abu to fill in his BE form before the deadline expires at the end of April.Abu is currently pursuing his study on a Master Degree on a part-time basis at the local university. Being a part-time student requires him to juggle between work and assignment at the same time. Due to time and work constraint, Lokman normally has to study and do his assignment at home. Based on that limitation.have 2 kids dand his wife have occupation
- Income RM54000 annual
- Sick mother medicine RM6000
- LIFE INSURANCE : RM2465.04
- MEDICALCARD: RM2271.84
- SAVING SCCHEME FOR CHILD EDUCATON RM2400
- EMPLOYEES PROVIDENT FUND RM2623.20
- zakatRM480
You are required to
Calculate how much tax he shall pay for the year 2015.
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