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Question 2 Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the years of assessment 2018 and 2019. YA
Question 2 Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the years of assessment 2018 and 2019. YA 2018 RM YA 2019 RM (12,000) 8,500 6,300 4,200 5,000 31,700 4.400 7,600 74,600 3,400 82,800 2,300 Business: Adjusted business income/(loss) Balancing charge Capital allowance (current year) Unabsorbed capital allowance (brought forward) Unabsorbed business loss (brought forward) Employment: Gross employment income Allowable expenses Interest: Gross interest income (derived from India) Allowable expenses Rental: Gross rental income Revenue expenditure incurred (allowable) Capital expenditure incurred (non-allowable) Approved donation Zakat payment Total tax paid through Monthly Tax Deduction 32,500 2,900 12,000 3,600 8,200 6,000 2,500 1,600 4,000 800 1,200 Additional information: For both YA 2018 and YA 2019, Mr. Bujang Senang are entitled to the following reliefs: RM9,000 Parents medical expenses RM5,000 Lifestyle RM1,000 Self Required: Calculate chargeable income and income tax payable for Mr. Bujang Senang for the years of assessment 2018 and 2019. Question 2 Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the years of assessment 2018 and 2019. YA 2018 RM YA 2019 RM (12,000) 8,500 6,300 4,200 5,000 31,700 4.400 7,600 74,600 3,400 82,800 2,300 Business: Adjusted business income/(loss) Balancing charge Capital allowance (current year) Unabsorbed capital allowance (brought forward) Unabsorbed business loss (brought forward) Employment: Gross employment income Allowable expenses Interest: Gross interest income (derived from India) Allowable expenses Rental: Gross rental income Revenue expenditure incurred (allowable) Capital expenditure incurred (non-allowable) Approved donation Zakat payment Total tax paid through Monthly Tax Deduction 32,500 2,900 12,000 3,600 8,200 6,000 2,500 1,600 4,000 800 1,200 Additional information: For both YA 2018 and YA 2019, Mr. Bujang Senang are entitled to the following reliefs: RM9,000 Parents medical expenses RM5,000 Lifestyle RM1,000 Self Required: Calculate chargeable income and income tax payable for Mr. Bujang Senang for the years of assessment 2018 and 2019
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