Computation of Personal Taxation

RM
S4(a) Business income
Sole prio
NPBT
(-) investment income
(+) non allowable expenses
Adjusted income
(+/-) BC/CA/BA/CA b/f
Statutory income xx
(-) business loss
Total income

Partnership
Divisible income
(+) Partner's private expenses
Adjusted income
(+/-) BC/CA/BA/CA b/f
Statutory income
(-) Donation
Total income xx

S4(b) Employment income

S13 (1)(a)
S13 (1)(b)
S13 (1)(c)
S13 (1)(d)
S13 (1)(e)
Gross Employment Income
less: Allowable expenses
Adjusted Employment Income

S4(c) Dividend, Interest and Discount

S4(d) Rental, Royalty and Premium
S4(e) Pension, Annuity and other periodical payment
S4(f) Other Income

Aggregate income
(-) Approved donation (restricted to 7% of Aggregate
Income for cash donation to Approved Institutions)
TOTAL INCOME
Deduct: Reliefs
CHAREGABLE INCOME
Income tax liability
First RM
Next RM
(-) Rebate
Tax payable

RPGT
If it said includes then no need add edy (acquisition)
If said exclude this amount then no need minus (disposal)

USE THE RATE IN APPENDIX

INVESTMENT INCENTIVES NOT IN COMPANY TAX

SEE MIDTERM
RM
 ONLY UNTIL STATUTORY INCOME WHEN DO PERSONAL TAXES BECAUSE IT"S INCLUDE IN
APPROVED DONATION BELOW

Interest for company in anyway is taxable.

For individual, received from financial institution, not taxable, Others is taxable.

INCLUDE THE DONATION FROM SOLE PROPRIETORSHIP, PARTNERSHIP

CASH DONATION, 7% of Aggregate income for individual, 10% of AI for company

DONATION IN KIND IS FOR GOVERNMENT