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    Computation of Chargeable Income Tax - Answer

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    athirah jamaludin
    This document provides income and tax relief information for two individuals, Hamdan and Laila, for the Year of Assessment (YA) 2016. It details their business incomes, employment incomes, rental incomes, aggregate incomes, approved donations, and tax reliefs. After accounting for all incomes and reliefs, Hamdan's chargeable income is RM63,000 and Laila's chargeable income is RM110,518.

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    Computation of Chargeable Income Tax - Answer

    Uploaded by

    athirah jamaludin
    260 views2 pages
    This document provides income and tax relief information for two individuals, Hamdan and Laila, for the Year of Assessment (YA) 2016. It details their business incomes, employment incomes, rental incomes, aggregate incomes, approved donations, and tax reliefs. After accounting for all incomes and reliefs, Hamdan's chargeable income is RM63,000 and Laila's chargeable income is RM110,518.

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    This document provides income and tax relief information for two individuals, Hamdan and Laila, for the Year of Assessment (YA) 2016. It details their business incomes, employment incomes, rental incomes, aggregate incomes, approved donations, and tax reliefs. After accounting for all incomes and reliefs, Hamdan's chargeable income is RM63,000 and Laila's chargeable income is RM110,518.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    260 views2 pages

    Computation of Chargeable Income Tax - Answer

    Uploaded by

    athirah jamaludin
    This document provides income and tax relief information for two individuals, Hamdan and Laila, for the Year of Assessment (YA) 2016. It details their business incomes, employment incomes, rental incomes, aggregate incomes, approved donations, and tax reliefs. After accounting for all incomes and reliefs, Hamdan's chargeable income is RM63,000 and Laila's chargeable income is RM110,518.

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    Computation of Chargeable Income Tax for YA 2016

    Hamdan Laila
    S 4(a) Business Income
    Lambaian Cyber Café
    Adjusted income 50,000
    Add: Balancing charge 20,000
    Less: Capital Allowance (30,000) 40,000
    Neolopak Hijab
    Adjusted income 70,000
    Add: Balancing charge 10,000
    Less: Capital Allowance (20,000) 60,000
    Statutory Income 40,000 60,000
    S 4(b)
    S 13(1)(a)
    Salary 80,000 55,618
    S 4( c)
    Dividend from Hanai Exempted
    S 4(d)
    Rental income 8,000
    Advance rental 3,000
    Less: Allowable expenses
    Quit rent (600)
    Fire insurance (1,200) (1,800)
    Royalty (exempted RM12,000) 1,000
    Aggregate Income 120,000 125,818
    Less: Approved donations
    Tabung Kebajikan Rakyat (2,000)
    Total Income 118,000 125,818
    Less: Reliefs
    Self and dependent (9,000) (9,000)
    Oxygen machine for wife (6,000)
    Taking care of mother (1,500)
    Lifestyle:
    The Edge
    Squash
    Laptop (2,500)
    Health supplement for mother (300)
    Children:
    Juli (8,000)
    Jula (8,000)
    Juka (14,000)
    EPF (11%):
    RM80,000 x 11% =8,800
    RM55,618 x 11% = 6,118 (6,000) (6,000)
    Chargeable Income 63,000 110,518

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