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Deduction Single Joint Assessment Separate Assessment

Autor:   •  March 8, 2011  •  Coursework  •  1,229 Words (5 Pages)  •  1,117 Views

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Deduction single Joint assessment Separate assessment

husband wife

Self 8,000 8,000 8,000 8,000

Wife - 3,000 - -

Child

 <18

 >18

o local

o oversea

1,000

4,000

1,000 (husband)

1,000

4,000

1,000

1,000

4,000

1,000

EPF + LIP 6,000 6,000 6,000 6,000

Medical/education insurance 3,000 3,000 3,000 3,000

Education fee(self) 5,000 5,000 5,000 5,000

Book/journal 1,000 1,000 1,000 1,000

Parent medical 5,000 5,000(husband) 5,000 5,000

Supporting equipment 5,000 5,000 5,000 5,000

Medical for deadly disease 5,000 5,000 5,000 5,000

EPF annuity 1,000 1,000 1,000 1,000

Chapter 1 – Income Tax

M. a. x. V. a. l. u. e

rebates single Joint assessment Separate assessment

husband wife

Taxable income

< 35,000 350 350 (husband)

350(wife) 350 350

zakat Exact amount paid

Personal computer 500 (once in 5 years)

LIP-life insurance premium monthly x 12 =annually

EPF-employee premium fund

Assessment

Married single

Joint separate

Taxable income rate tax

On the 1st

On the next 2,500 - -

2,500 1% 25

On the 1st

On the next 5,000 3% 25

15,000 45

On the 1st

On

...

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