COMPUTATION OF TAX PAYABLE FOR EACH PARTNER

RM RM PARTNER A PARTNER B PARTNER C

Net Profit XXX Divisible Income/(Loss)
Less : Non Business Income Pre [Pre PSR] [Pre Period] XX XX XX
Dividend XX Post [Post PSR] [Post Period] XX XX XX
Rental XX Add: Benefit to partners
Interest XX Salary/Allowances/Bonus/ect XX XX XX
(XX) Interest on Capital XX XX XX
Add: Non Allowable Expenses Adjusted Business Income XXX XXX XXX
Deperciation XX Add : Balancing Charge [Post PSR] X X X
General Provision of bad debts XX Less : Capital Allowance (X) (X) (X)
XX Unabsorbed CA b/f [Pre PSR]
Add: Benefit to partners Current Year CA [Post PSR] (X) (X) (X)
Salary/Allowances/Bonus/ect XX Statutory Business Income XXX XXX XXX
Interest on Capital XX Add : Statutory Business Income (from other business) XX XX XX
XX Less : Unabsorbed Business Loss b/f (X) (X) (X)
Provisional Adjusted Income XXX Net Statutory Business Income XXX XXX XXX
Less: Benefit to partners XX Add : Other incomes [4(b), 4(c), 4(d), 4(e) & 4(f)]
Salary/Allowances/Bonus/ect Interest (Exempted) X X X
Interest on Capital XX Dividend (Exempted) X X X
(XX) Rental [Less Allowable expenses if any) X X X
Divisible Income /(Loss) XX/(XX) Aggregate Income XXX XXX XXX
Less : Current Year Loss (X) (X) (X)
Less : Approved Donation [limited to 7% of AI] (For all approved donations made by each partner]

Approved Institution (Cash Only) (X) (X) (X)

Tips:
Approved Institution (In-kind) Look at the date of donation
Nil Nil Nil
Government [No limit] whether it incurred during pre (X) (X) (X)
period [Pre PSR] or post period
Public library (Sec 34(6)(g) - RM100,000) [Post PSR] (100,000) (100,000) (100,000)
Public library (Sec 44(8) - RM20,000) (20,000) (20,000) (20,000)
Total Income XXX XXX XXX