Category Archives: Income Tax

What Happens If Paying Your Income Tax Late?

Posted on September 26, 2010 by David Lee

It’s advisable to pay your income tax on time as the IRB doesn’t provide us the time delay. If you can pay your income tax return on time then you can avoid the penalty charges. But, if you cannot have … Continue reading →

Posted in Finance Tips, Income Tax | Tagged Income Tax, Income Tax Act 1967, income tax penalty, Income Tax Return, Late Payment of Income Tax, Pay Income Tax, Penalty Charges | Leave a comment

How To Re-submit Your Income Tax Form If You Did It Wrong?

Posted on May 3, 2010 by David Lee

As everybody known, e-Filing is an online system introduced by LHDN that allows you to submit your income tax online, which is an alternative to the manual form submission. Although e-Filing has undergone a progressive improvement but it still not … Continue reading →

Posted in Income Tax | Tagged e-Borang Nyata, e-Filing, e-Form, eFiling, income tax online, lhdn e-filing, LHDN e-filing system, LHDN Income Tax Submission, LHDN Malaysia, LHDN Tax, manual filing, Submit Income Tax | 7 Comments

Individual Income Tax Relief for Assessment Year 2010

Posted on April 26, 2010 by David Lee

Many people still do not know clearly about the income tax for the assessment year 2009. Some of them was asking that why personal relief did not increased from RM8,000 to RM9,000 which is under Budget 2010. Besides that, most … Continue reading →

Posted in Income Tax | Tagged 2010 e-filing, e-Filing, EPF contribution, Income Tax Rates, Income Tax Rates for Assessment Year 2010, Individual Income Tax Relief, Individual Tax Relief, Internet broadband subscription, lhdn e-filing, LHDN Malaysia, life insurance, personal relief, Tax Relief for year 2009, Tax Relief for year 2010 | 12 Comments

Calculate Your Income Tax For the Year of Assessment 2009

Posted on April 23, 2010 by David Lee

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 … Continue reading →

Posted in Finance Tips, Income Tax | Tagged Borang BE 2009 spreadsheet calculator, Calculate Income Tax, e-BE form, e-Filing, Income Tax Malaysia, Monthly PCB Income Tax, Online Income Tax Calculator, Pay Income Tax, Year of Assessment 2009, Year of Assessment 2010 | 6 Comments

Calculate How Much Monthly Income Tax Do You Need To Pay ?

Posted on March 28, 2010 by David Lee

If you are an employee with taxable income, have you notice from your monthly payslip that the Potongan Cukai Bulanan(PCB) rate starting from year 2009 is different than previous? Comparing the old schedule PCB 2004 with the new one PCB … Continue reading →

Posted in Finance Tips, Income Tax | Tagged Income Tax PCB 2009 Chart, LHDN, PCB deduction scheme, PCB Income Tax, Potongan Cukai Bulanan, Taxable Income, Taxable Salary | 3 Comments