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Income Tax Act 1967

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APPENDIX: TAX ASSESSMENT SCHEDULE

(INCOME TAX ACT 1967)

TAX RATE

Table showing rates of tax on chargeable Income

Schedule 1 Income Tax Act 1967 (Amended)

Chargeable Income

    RM

Rate %

2013-2014

Tax (RM)

For Y/A 2013 - 2014

Rate %

For  2015

Tax  (RM)

For  2015

On the First

2500

0

-

     

On the next

2500

0%

0

0%

0

On the first

5000

0

0

On the next

5000

2%

100

1%

50

On the first

10000

100

50

On the next

10000

2%

200

1%

100

On the first

20000

300

150

On the next

15000

6%

900

5%

750

On the first

35000

1200

900

On the next

15000

11%

1650

10%

1500

On the first

50000

2850

2400

On the next

20000

19%

3800

16%

3200

On the first

70000

6650

5600

On the next

30000

24%

7200

21%

6300

On the first

100000

13850

11900

On the next

50000

26%

13000

24%

12000

On the first

150000

26850

23900

On the next

100000

26%

26000

24%

24000

On the first

250000

52850

47900

On the next            

150000

26%

39000

24.5%

36,750

On the first

400,000

91,850

84,650

  • Tax on dividend income 25% (S110) from YA 2009 onwards
  • Resident company with paid up capital of $2.5 million and below at the beginning of the basis period:
  • On the first $500,000 chargeable income – 20%
  • On the subsequent chargeable income – 25%
  • Resident company with paid up capital above $2.5 million at the beginning of the basis period – 25%
  • Non-resident company/branch  – 25%

PERSONAL RELIEF

Fixed Relief

Self

$9000

Disable Person (Self)

$6000

Wife

$3000 (only for Joint Assessment)

Husband relief claim by wife

$3000 (only for Joint Assessment)

Disabled Person(Spouse)

$3500 (only for Joint Assessment)

Child (Normal Relief)

$1000

Child relief for children studying in university/collage

$6,000  

Child (Disabled)

$5000

Disable child studying in university or collage

$11,000(including $5,000 disable child relief)

Non Fixed Relief

...

...

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