LHDN has now opened access for e-filing 2008 at their website:- E-Filing
Do take note that closing date for e-filing shall be 30th April 2009.
for those who have already used e-filing since submission year 2005, you may use the same login (I/C number) and password as the digital certificate is still valid.
For those who are still new to e-filing, you will have to go to any LHDN office and obtained your "no. pin" to enable access into the e-filing system. At their website, it also mentions that no. pin is also available by letter, fax or e-mail with the relevant details provided. Check it out at the e-filing website.
The time i collected my no. pin back then, i just showed my I/C card and the officer gave me the no. pin slip, as easy as that.
Once you have the no. pin, just "login first time" and you'll be on your way. If you need some guide, it's easily available at LHDN website: here
ADD. INFO: E-Filing is using "Roaming PKI Certificate" which means you can login and access into e-filing page from just any computer and not necessarily the computer which you registered initially. As this is very convenient, however be careful with which computer you use, if your login details are taken (for instance by means of a keylogger), anybody can simply login into your account and abuse it.
2009-02-06
2009-01-31
Updated Malaysian Income Tax Calculator BE2008
It has been a while since i updated the blog. Well i thought i'd update it every now and then when i have useful info to share, plus when i have the time to spare from my current work and family commitments.. :)
anyway, LHDN had just published their format for "Borang BE2008", you can easily have a look at it at their official website: LHDN Website : Borang.
On another note, i've just updated my spreadsheet income tax calculator to incorporate the changes to the new layout of the upcoming e-filing as well as to upate some calcs in the existing one. Have a try out and let me know of any errors you find.
Borang BE Income Tax Calculator Revision 2 (rapidshare)
Just a hint, most values are 'editable' and therefore i hope that the calculator can be used to plan and estimate your taxes in years to come. I'll update the spreadsheet when there is a change in layout (especially when government introduces new cuts and additional exemptions) but basically the calculations can still be used. Hope it is useful to most of you.
EDIT: Check out the latest calculator for 2009 HERE
anyway, LHDN had just published their format for "Borang BE2008", you can easily have a look at it at their official website: LHDN Website : Borang.
On another note, i've just updated my spreadsheet income tax calculator to incorporate the changes to the new layout of the upcoming e-filing as well as to upate some calcs in the existing one. Have a try out and let me know of any errors you find.
Borang BE Income Tax Calculator Revision 2 (rapidshare)
Just a hint, most values are 'editable' and therefore i hope that the calculator can be used to plan and estimate your taxes in years to come. I'll update the spreadsheet when there is a change in layout (especially when government introduces new cuts and additional exemptions) but basically the calculations can still be used. Hope it is useful to most of you.
EDIT: Check out the latest calculator for 2009 HERE
2008-12-26
Malaysian Income Tax 2008
So it's just around the corner..that thing i hate (or love) to do.. filing in the income tax..
Well basically, who loves to pay tax? The only thing i love about it is that it is the time to 'claim' back the extra deductions every month, if you do it right that is..
One should always take note of their spending and finances, and therefore should not neglect the most 'underrated' expenses of the year, the income tax. As most of us may be aware that every month our salary is deducted off a certain portion of it, known as PCB (potongan cukai berjadual), we often take for granted the income tax we need to pay as we might think that the PCB should cover the tax at the end of the year. Well did you know that you can actually minimize the income tax required?
You can search around the internet for fast options of saving on your taxes, but i'd recommend this read for a quick one : Income Tax: In This World Nothing Is Certain But Death And Taxes
So once you've realized about all this and starting to wonder how much is your actual income tax, it comes down to "SO HOW DO I CALCULATE MY TAXES??!!". Before this income tax was calculated manually, so one would wait till the last minute and start to fill in the income tax form and manually calculate their income tax. After all is done, "AHAH! this is how much my income tax is.." Ever since 2006, Lembaga Hasil Dalam Negeri (LHDN) had introduced a new system called E-Filing. It has made all the calculations easier, as well as remove the hassle to fill in the forms manually. But the e-forms are only available electronically in the internet, so you'll only be able to calculate your taxes once the LHDN allows you to start filling in your e-forms.
I thought of a simpler way to prepare myself, why not make my own calculator? Hihi this way i can at least know in advance what my income tax would be, and take advantage of the "allowable deductions" to minimize my taxes. Sorry it came a bit late (just thought about it, was ignorant before) but hope you guys can take whatever benefit this calculator might give you. By the way, it may not be perfect and may have errors here and there, so let me know if you come across any. Here's the calculator:
Borang BE Income Tax Calculator (rapidshare)
Note that you'll need microsoft excel to run this calculator. I doubt that'd be a problem to you all.
If you've never used rapidshare before, just click the link above (you'll be directed to rapidshare download page), then click "free user", after few seconds a download button will appear, click "download"..
Good luck in calculating your taxes. Let me know your experience using the calculator.
Well basically, who loves to pay tax? The only thing i love about it is that it is the time to 'claim' back the extra deductions every month, if you do it right that is..
One should always take note of their spending and finances, and therefore should not neglect the most 'underrated' expenses of the year, the income tax. As most of us may be aware that every month our salary is deducted off a certain portion of it, known as PCB (potongan cukai berjadual), we often take for granted the income tax we need to pay as we might think that the PCB should cover the tax at the end of the year. Well did you know that you can actually minimize the income tax required?
You can search around the internet for fast options of saving on your taxes, but i'd recommend this read for a quick one : Income Tax: In This World Nothing Is Certain But Death And Taxes
So once you've realized about all this and starting to wonder how much is your actual income tax, it comes down to "SO HOW DO I CALCULATE MY TAXES??!!". Before this income tax was calculated manually, so one would wait till the last minute and start to fill in the income tax form and manually calculate their income tax. After all is done, "AHAH! this is how much my income tax is.." Ever since 2006, Lembaga Hasil Dalam Negeri (LHDN) had introduced a new system called E-Filing. It has made all the calculations easier, as well as remove the hassle to fill in the forms manually. But the e-forms are only available electronically in the internet, so you'll only be able to calculate your taxes once the LHDN allows you to start filling in your e-forms.
I thought of a simpler way to prepare myself, why not make my own calculator? Hihi this way i can at least know in advance what my income tax would be, and take advantage of the "allowable deductions" to minimize my taxes. Sorry it came a bit late (just thought about it, was ignorant before) but hope you guys can take whatever benefit this calculator might give you. By the way, it may not be perfect and may have errors here and there, so let me know if you come across any. Here's the calculator:
Borang BE Income Tax Calculator (rapidshare)
Note that you'll need microsoft excel to run this calculator. I doubt that'd be a problem to you all.
If you've never used rapidshare before, just click the link above (you'll be directed to rapidshare download page), then click "free user", after few seconds a download button will appear, click "download"..
Good luck in calculating your taxes. Let me know your experience using the calculator.
My first post..
This shall be my first post and my first attempt at joining the blogging community.. Hope that it would last.
Often i had used blogs as an alternate source of information and i sure am glad that many are kind enough to share useful things in their blogs, so i guess it'd only be normal for me to join also since i also feel that life would be more 'easier' and better if everyone just shared...as they say "sharing is caring"..
Hope you find this blog useful, feel free to share your views and comments.. and please do share your 'things in life'...
Often i had used blogs as an alternate source of information and i sure am glad that many are kind enough to share useful things in their blogs, so i guess it'd only be normal for me to join also since i also feel that life would be more 'easier' and better if everyone just shared...as they say "sharing is caring"..
Hope you find this blog useful, feel free to share your views and comments.. and please do share your 'things in life'...
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