The last day to submit individual income tax is 30th April 2010 and it’s advisable to use e-Filling system to submit your e-BE form so the IRB of Malaysia will not chase you after that due to late submission.
Make sure that you read all the income tax FAQ and help before filling the form so that you are not getting into trouble with the income tax laws.
I noticed that still many people do not know why we need to pay income tax. Almost everyone who has to pay income tax is reluctant to pay it. We pay income tax is to allow our government to make use of our money to build the schools and public hospitals, public library, sidewalks, and other infrastructure, which are important to each one of us.
How To Calculate Income Tax Malaysia ?
Now, you can try to pay your income tax via e-filing website which is https://e.hasil.gov.my/. The entire filing process is done online and all calculations will be automatically calculated after you key in the amount. You can even save your work and come back again to complete the tax filling at anytime.
Or, if you want to calculate your income tax locally first, then you can try this Borang BE 2009 spreadsheet calculator. Please feel free to download it here:
Borang Income Tax BE 2009
How If Pay the Income Tax After Due Date?
If you do not pay your tax before the due date which is 30th April then you need to pay the penalty charge which is 10% increased and if found any balance remaining unpaid upon the expiration of 60 days from the due date then it will be further increased by 5% of the balance unpaid.
So, try don’t wait till last minute to pay your income tax as you might not able to pay income tax on time due to high traffic of e-filling website. For all taxpayer, please do remember to keep all the records and relevant receipts or documents for at least 7 years for investigation purpose.