Computation of Income Tax Payable for Aliff & Alisya for YA 2022

Aliff Alisya
Section 4(a)
Restaurant business
Adjusted business income 115,000
(-) CA – current year (12,500)
(-) BA (3,000)
Statutory business income 99,500

Section 4(b)
Salary [6,500 x 12] 78,000

Section 4(c)
Interest on bond issued by government (exempted) Nil

Section 4(d)
Royalty 27,000
Less: Para 32A exemption (12,000) 15,000

Rental:
Bungalow Nil

Semi-detached house:
Rental income (700 x 9) 6,300
(-) Allowable expenses
Quit rent (300 x 9/12) (225)
Renovation cost Nil
Advertising cost Nil
Adjusted rental income 6,075

Section 4(e)
Annuity from late father’s estate (1,000 x 12) 12,000

Section 4(f)
Honorarium from industrial talk 700

AGGREGATE INCOME 99,775 111,500

Less: Approved Donation:

Donation of dialysis machine (18,000)
Cash donation to project of national interest (15,000) (11,150)
(restricted to 10% x 111,500 = 11,150)
TOTAL INCOME 81,775 100,350
TOTAL INCOME 81,775 100,350
Less: Reliefs
Personal relief (9,000) (9,000)
Child Relief - Eldest (8,000)
Youngest (2,000)
Life Insurance - Aliff (2,700)
Life Insurance – Alisya 4,800 (3,000)
(max RM3,000)
Life Insurance - children Nil
EPF (11% x 78,000 = 8,580) max 4,000 (4,000)
Medical expenses – parents(12,000/2) (6,000)
Wheelchair (3,700)
SOCSO 500 (max 350) (350)
Lifestyle relief - Aliff (2,500)
Tablet and laptop 6,700
Additional warranty cost Books Nil
and magazines 1,500
(max 2,500) 8,200
Lifestyle relief – Alisya
Sport equipment 1,800
Gym membership 900 (2,500)
Healthy life style -sport equipment (200)
Transit cost - child care centre Nil

CHARGEABLE INCOME 53,525 75,650

Tax payable:
Tax on the first RM50,000 1,500
Tax on the next RM3,525 x 11% 387.75

Tax on the first RM70,000 3,700

Tax on the next RM5,650 x 19% 1,073.50
1,887.75 4,773.50
Less: Rebate
Zakat (2,500) (6,000)

NET INCOME TAX PAYABLE Nil Nil