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Lex, a Malaysian tax resident, commenced employed on 1 March 2009 as engineer at a local resident company in Malaysia. Lexs employment income for year
Lex, a Malaysian tax resident, commenced employed on 1 March 2009 as engineer at a local resident company in Malaysia. Lexs employment income for year 2020 comprised:
- A gross salary of RM 4,500 per month.
- A bonus of RM 5,000 received on 15 January 2020 in respect of Lexs performance in the year 2019.
- Leave pay of RM 2,000. The leave pay is computed based on the unused annual leave in the year 2019.
- Food and drink provided free of charge to all employees. The cost to the companys employer was RM 500 per employee.
- The provision of domestic helper for Lex from 1 July 2020, paid by the employer at the cost of RM 5,000.
- RM 3,000 cash voucher received as long service award for Lex.
- Free consumable products from the employers compay worth RM 1,200.
- Fully furnished living accommodation from 1 March 2020 onwards was provided to Lex at a monthly rate of RM 1,000 included RM 300 for furniture.
Note: Total SOCSO contribution for year 2020 is RM 237 and total monthly tax deductions is RM 2,400.
1)What is the value which assessable to tax under Section 13(1)(a) of the Income Tax Act 1967 for year of assessment 2020? | ||
2) What is the value which assessable to tax under Section 13(1)(b) of the Income Tax Act 1967 for year of assessment 2020? | ||
3) What is the value which assessable to tax under Section 13(1)(c) of the Income Tax Act 1967 for year of assessment 2020? | ||
4) How much is the total amount of the reliefs claimable by Lex for year of assessment 2020? | ||
5) How much is tax payable/refundable for Lex in the year of assessment 2020? |
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