Deduction Single Joint Assessment Separate Assessment
Autor: andrew • March 8, 2011 • Coursework • 1,229 Words (5 Pages) • 1,796 Views
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
...