Question 1
Item RM RM
Net Taxable Income from employment 379,260.00
Rental 53,000.00
Aggregate Income 432,260.00
Donation -10,000.00
Total Income 422,260.00
Less all the relieves:
Personal 9,000.00
Wife 4,000.00
First child 8,000.00
Second child 6,000.00
Medical Premium 3,000.00
Lifestyle (book) 1,500.00
EPF 4,000.00
SOCSO 250
Total Relief -35,750.00
Chargeable Income 386,510.00
Tax on 1st RM250,000 46,900,00
Tax on balance 33,444.95
Income Tax Payable 80,344.95
Question 2
Item Mufasa Wife Joint
RM RM RM
Salaries 75,000 42,000 117,000
Dividend (Exempted Tax) Exempted Exempted Exempted
Aggregate income 75,000 42,000 117,000
Approved Donation -500 - -500
Total Income 74,500 42,000 116,500
Less all the relieves:
Personal -9000 -9000 -9000
Wife 0 0 -4000
Child [(4 x 2,000) + 8,000] -16,000 0 -16000
Lifestyle (book,computer and gym)-restricted to RM2500 -2500 -1000 -2500
PRS contribution (restricted to RM3000) -2000 -1000 -3000
EPF+Life insurance (restricted to RM7000) -6500 -5800 -7000
Education+Medical insurance (restricted to RM3000） -3000 -900 -3000
SOCSO -250 -250 -250
Total Relief -39250 -17950 -44750
Chargeable income 35,250 24,050 71,750
Tax on 1st 600 150 4600
Tax on Balance 20 122 380
Total Tax Payable 620 272 4,968.00
Less: Rebate
Personal 0 -400 0
Wife 0 0 -400.00
Zakat -950 -550 -1,500.00
Income tax payable -330 -679 3,068.00
0 0
EPF (75000*11%) / (42000*11%) 8,250.00 4,620.00
Restricted to 4,000.00 4,000.00
Life insurance (restricted to RM3000) 2,500.00 1,800.00
Total 6,500.00 5,800.00
