Personal Income Tax Rate

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PERSONAL INCOME TAX RATES Assessment Year 2010, 2011 and 2012 Chargeable Income | Calculations (RM) | Rate % | Tax(RM) | 0-2500 | On the First 2,500 | 0 | 0 | 2,501-5,000 | Next 2,500 | 1 | 25 | 5,001-10,000 | On the First 5,000 Next 5,000 | 3 | 25 150 | 10,001-20,000 | On the First 10,000 Next 10,000 | 3 | 175 300 | 20,001-35,000 | On the First 20,000 Next 15,000 | 7 | 475 1,050 | 35,001-50,000 | On the First 35,000 Next 15,000 | 12 | 1,525 1,800 | 50,001-70,000 | On the First 50,000 Next 20,000 | 19 | 3,325 3,800 | 70,001-100,000 | On the First 70,000 Next 30,000 | 24 | 7,125 7,200 | Exceeding 100,000 | On the First 100,000 Next RM | 26 | 14,325 .......... | Assessment Year 2009…show more content…
Relief of up to RM10,000 a year for three consecutive years from the first year the interest is paid. Subject to the following conditions:(i) the taxpayer is a Malaysian citizen and a resident; (ii) limited to one residential unit; (iii) the sale and purchase agreement is signed between 10th March 2009 and 31st December 2010; and (iv) the residential property is not rented out. Where: (a) 2 or more individuals are eligible to claim relief for the same property ; and (b) total interest expended by those individuals exceeds the allowable amount for that year. Each individual is allowed an amount of relief for each year based on the following formula: A x B C where; A = total interest allowable in the relevant year; B =

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