Scribd Logo
Upload

Welcome to Scribd!

  • 84 views

    Format Computation

    Uploaded by

    athirah jamaludin
    This document contains computations of chargeable income tax and business income for a husband and wife for the Year of Assessment (YA) XXXX. It shows their income from various sources including business, employment, interest, dividends, rental, and others. It then calculates their aggregate income, allowable expenses, total income, applicable reliefs and rebates to determine their net tax payable. The business income section breaks down the calculation of adjusted business income by adding revenues, drawings and disallowed expenses, and subtracting other income sources and capital allowances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Format Computation

    Uploaded by

    athirah jamaludin
    84 views2 pages
    This document contains computations of chargeable income tax and business income for a husband and wife for the Year of Assessment (YA) XXXX. It shows their income from various sources including business, employment, interest, dividends, rental, and others. It then calculates their aggregate income, allowable expenses, total income, applicable reliefs and rebates to determine their net tax payable. The business income section breaks down the calculation of adjusted business income by adding revenues, drawings and disallowed expenses, and subtracting other income sources and capital allowances.

    Original Description:

    ii

    Original Title

    Format Computation (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains computations of chargeable income tax and business income for a husband and wife for the Year of Assessment (YA) XXXX. It shows their income from various sources including business, employment, interest, dividends, rental, and others. It then calculates their aggregate income, allowable expenses, total income, applicable reliefs and rebates to determine their net tax payable. The business income section breaks down the calculation of adjusted business income by adding revenues, drawings and disallowed expenses, and subtracting other income sources and capital allowances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    84 views2 pages

    Format Computation

    Uploaded by

    athirah jamaludin
    This document contains computations of chargeable income tax and business income for a husband and wife for the Year of Assessment (YA) XXXX. It shows their income from various sources including business, employment, interest, dividends, rental, and others. It then calculates their aggregate income, allowable expenses, total income, applicable reliefs and rebates to determine their net tax payable. The business income section breaks down the calculation of adjusted business income by adding revenues, drawings and disallowed expenses, and subtracting other income sources and capital allowances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 2

    Computation of Chargeable Income Tax for YA XXXX

    Husband Wife
    S 4(a) Business Income
    Adjusted income xx
    Add: Balancing charge xx
    Less: Capital Allowance (xx)
    Unabsorbed business loss b/f (xx)
    Statutory Income xxx
    S 4(b) Employment Income
    S 13(1)(a) xx
    S 13(1)(b) xx
    S 13(1)(c) xx
    S 13(1)(d) xx
    S 13(1)(e)
    S 4( c) Interest, Dividend, Discount xx
    S 4(d) Rental, Royalty xx
    S 4(e) Annuties, Pension xx
    S 4(f) Others xx
    Gross Income xxx
    Less: Allowable expenses (xx)
    Aggregate Income xxx
    Less: Current year business losses (xx)
    Less: Approved donations (xx)
    Total Income xxx
    Less: Reliefs (xx)
    Chargeable Income xxx
    Income tax payable @1-28% xx
    Less: Rebate (xx)
    Net tax payable xxx
    Computation of Business Income S 4(a) for YA XXXX
    RM
    Net profit xx
    Add: Revenue xx
    Add: Drawing xx
    Less: Other business income / Non business income
    S. 4( c ): dividend, interest, discount (xx)
    S. 4( d ): rent, royalty, premium (xx)
    S. 4 (e ): Pension, annuities, other periodical payment (xx)
    S. 4( f ): other taxable income (xx)
    Add: Disallowed Expenses
    Salary xx
    Professional fees xx
    Bad debts (General) xx
    Loan xx
    Entertainment xx
    Miscellaneous Expenses xx
    Donation xx
    Insurance xx
    Repair and maintenance xx
    Less: Double deduction (xx)
    Adjusted Income xxx
    Less: Unabsorbed capital allowance b/f (xx)
    Current year capital allowance (xx)
    Statutory Business Income xxx

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy