Mat

Mini
hem
Proj
atics
C4: TAXATION
ect
Group Members:
Loo Hao Yi
Low Ming Hui
Nurul Husna binti Mohd Sayuti

Teacher:
Madam Looi
 What
isby referring to tax
 After obtaining chargeable income, income
tax can be determined
rates table.
incom
 Tax rates are fixed by the government and

the annual budget. e

may vary based on the government policy on

tax ?
 Item Separate Tax Assessment
Mr. Low Wife
Total income RM45000 RM21000
Total exemption - RM0 - RM0
Tax relief
- Individual - RM9000 - RM9000
- Lifestyle (limited to - RM2500 - RM2500
RM2500)
- Domestic travel - RM1200 - RM1100
expenses (limited to
RM1000)
- Life insurance - RM2200 - RM2300
(limited to RM2500)
- Medical insurance - RM2000 - RM1800
(limited to RM3000)
- Medical treatment - RM3000 - RM0
expenses for parents
(limited to RM8000)
Chargeable income RM25100 RM4300
Base tax RM150 RM0
Tax on next balance Balance RM0
=RM25100-RM20000
=RM5100
RM5100 x 14% =
RM153.00
Tax rebate RM400 RM0
Income tax payable RM(150+153- RM0
400)=RM0

Income tax assessment of group member’s family member

 CONCLUSION
The overall aim of this project was to study income tax.
Based on the findings, separate tax assessment is an
easy and convenient way to learn about finding the
income tax payable. It’s completely true that by doing
separate tax assessment, we were able to learn about
how to find the chargeable income as well as able to get
the income tax payable. Besides, we are now able to
explain the income tax by using separate tax
assessment. This was a simple method for us to
understand. In conclusion, we learnt much information
through this project.
T
H
A