Mr Arun is a General Manager at Hankyu Sdn Bhd for the last 10 years. For the
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Question:
Mr Arun is a General Manager at Hankyu Sdn Bhd for the last 10 years. For the year ended 31 December 2020, he received the following employment income and benefits from the company: Salary per month RM15,000 Bonus equivalent to 3 months’ salary Entertainment allowance per month RM3,000 Parking allowance RM3,600 Mr Arun was provided with a new car worth RM180,000, dental and medical care amounting RM12,000 for him and family. He was given a fully furnished bungalow to reside. The rental of the bungalow is RM5,000 (of which RM1,000 was for the furniture).
Required:
Compute the chargeable income for Mr Arun for the year of assessment 2020.
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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