COMPUTATION OF TAX PAYABLE FOR MR A AND MRS A FOR YEAR OF ASSESSMENT 2015

SEPARATE ASSESSMENT JOINT ASSESSMENT

HUSBAND WIFE HUSBAND WIFE
SECTION 4(a) - BUSINESS INCOME
BUZ A BUZ B
ADJUSTED INCOME 1,000 2,000
ADD : BALANCING CHARGE 100 500
LESS : CAPITAL ALLOWANCE (200) (1,000)
STATUTORY BUZ INCOME 900 1,500 2,400
LESS : UNABSORBED BUZ LOSS B/F (100) NIL (100)
NET STATUTORY BUZ INCOME 800 1,500 2,300

SECTION 4(b) -EMPLOYMENT INCOME

SALARIES
GRATUITY
BONUS

SECTION 4 (c) -DIVIDEND & INTEREST

DIVIDEND - ASB - EXEMPTED
FOREIGN DIVIDEND REMITTED TO MALAYSIA - EXEMPTED
INTEREST - MAYBANK - EXEMPTED

SECTION 4(d) - RENTAL, ROYALTY

RENTAL INCOME
LESS : ALLOWABLE EXPENSES
ADJ/STATUTORY INCOME

ROYALTY INCOME
LESS:EXEMPTION (IF ANY)
ADJ/STATUTORY INCOME

SECTION 4(e) -PENSION,ANNUITIES

SECTION 4(f) - OTHERS

HONORORIUM
AGGREGATE INCOME XX XX XX XX
LESS : CURRENT YEAR BUSINESS LOSS (X) (X) (X)
LESS: APPROVED DONATION (Restristed to 7% of AI)
RUMAH ANAK YATIM
CHARITABLE INSTITUTION
TOTAL INCOME XX XX XX XX
COMBINED TOTAL INCOME [H + W] XXX
LESS : RELIEFS
SELF RELIEF 9,000 9,000 9,000 -
DISABLED TAXPAYER 6,000 6,000 6,000 -
WIFE RELIEF (CLAIMED BY HUSBAND) - - 3,000 -
WIFE DISABLED - - 3,500 -
HUSBAND RELIEF - - - 3,000
HUSBAND DISABLED - - - 3,500
MEDICAL EXPENSES FOR PARENTS (EXCLUDE PARENTS IN LAW) 5,000 5,000 5,000 -
SERIOUS DISEASE + MEDICAL EXAMINATION (500) [TAXPAYER, SPOUSE & CHILDREN] 6,000 6,000 6,000 -
SUPPORTING EQUIPMENT [DISABLED TAXPAYER, SPOUSE, CHILDREN AND PARENTS] 6,000 6,000 6,000 -
CHILD RELIEF (UNMARRIED CHILD ONLY) -
- < 18 [1,000 PER CHILD] 1,000 1,000 1,000 -
- > 18 [STUDYING IN IPTA/IPTS - LOCAL/OVERSEAS] - 6,000 PER CHILD 6,000 6,000 6,000 -
- > 18 [DISABLED & STUDYING IN IPTA/SPTS] 12,000 12,000 12,000
- DISABLED CHILD (<18 - 5,000 PER CHILD] 6,000 6,000 6,000 -
SSPN - RESTRICTED TO 6,000 6,000 6,000 6,000 -
EPF (EMPLOYEE'S CONTRIBUTION + PREMIUM ON LIFE INSURANCE) 6,000 6,000 6,000 -
(RESTRICTED TO 6,000)
PREMIUM ON DEFERRED ANNUITY + PRIVATE RETIREMENT SHCEME 3,000 3,000 3,000
(RESTRICTED TO 3,000)
INSURANCE PREMIUM ON EDUCATION + MEDICAL [TAXPAYER, SPOUSE & CHILDREN] 3,000 3,000 3,000
(RESTRICTED TO 3,000)
EDUCATION FEES (RESTRICTED TO 5,000) 5,000 5,000 5,000
PURCHASE OF BOOKS, MAGAZINES JOURNAL AND OTHERS [EXCLUDE NEWSPAPER] 1,000 1,000 1,000
(RESTRICTED TO 1,000)
PERSONAL COMPUTER (RESTRICTED TO ONCE FOR EVERY 3 YEARS) 3,000 3,000 3,000
PURCHASE OF SPORT EQUIPMENT (RESTRICTED TO 300) 300 300 300
CHARGEABLE INCOME XXX XXX XXX
TAX ON THE FIRST RM
TAX ON THE NEXT RM..

TAX ON THE FIRST RM

TAX ON THE NEXT RM..

TAX CHARGED
LESS : REBATES
CHARGEABLE INCOME 35,000 400 400 400
WIFE RELIEF WHEN WIFE RELIEF IS CLAIMED 400
HUSBAND RELIEF WHEN WIFE RELIEF IS CLAIMED 400
ZAKAT/FITRAH ACTUAL AMT ACTUAL AMT ACTUAL AMT
TAX PAYABLE XXX XXX XXX