Sunday, April 6, 2008

Preparing income tax in eFiling

Some people might have a question on their mind, who is eligible to pay the taxes? Is someone paid for Services tax, road tax, property tax considered as a taxpayer? The answer is NOT. Supposedly taxpayer is people who contribute tax to income tax in which he/she has a net income of RM24000 per year after tax deduction.

Mostly people will prepare their BE forms during the new financial year starts. Some of us need to contribute or rebate claims from tax authority whereby it is very much depends on how much had you contribute for ‘ Cukai Berjadual (PCB)’ which any monthly tax deductions that you have made.

Before proceeding, make sure you have the following documents on hand:
• EA Form (issued by your employer)
• Applicable receipts (Books, Dividends, Donations, etc)

In today world, the procedures to submit taxable is easier than previous time as we can go to fill in the taxable details online via provided web site. It save a lot of time and convenience to those are busy and also can get away being stuffed at traffic.

Once you’ve logged into the eFiling system (https://e.hasil.org.my/), you’ll be presented with the BE form. The electronic form is divided into several pages as follows:
1. Maklumat Individu (Personal Details)
2. Pendapatan Berkanun (Taxable Income)
3. Tuntutan Pelepasan (Exemption Claims)
4. Tuntutan Rebat/Tolakan Cukai/Pelepasan Cukai (Rebate Claims/Tax Deductions/Tax Relief)
5. Maklumat Penyedia Borang (Proxy Details)
6. Rumusan Cukai (Tax Summary)
7. Akuan & Tandatangan (Acknowledgment & Signature)

So you can fill in the taxable income step by step, the fields and columns are still similar to BE form last time.

Read more on Best Way For Tax Deduction In eFiling

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