Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the...

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Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the years of assessment 2018 and 2019. YA 2018 YA 2019 RM RM Business: Adjusted business income/(loss) Balancing charge Capital allowance (current year) Unabsorbed capital allowance (brought forward) Unabsorbed business loss (brought forward) Employment: Gross employment income Allowable expenses (12,000) 31,700 8,500 4,400 6,300 7,600 4,200 5,000 ? 74,600 82,800 3,400 2,300 Interest: Gross interest income (derived from India) Allowable expenses Rental: 32,500 2,900 Gross rental income 12,000 Revenue expenditure incurred (allowable) Capital expenditure incurred (non-allowable) 3,600 8,200 Approved donation Zakat payment Total tax paid through Monthly Tax Deduction 4,000 6,000 800 2,500 1,200 1,600 Additional information: For both YA 2018 and YA 2019, Mr. Bujang Senang are entitled to the following reliefs: Self RM9,000 Parents medical expenses RM5,000 Lifestyle RM1,000 Required: Calculate chargeable income and income tax payable for Mr. Bujang Senang for the years of assessment 2018 and 2019. Mr. Bujang Senang is a tax resident in Malaysia. Below is his tax-related information for the years of assessment 2018 and 2019. YA 2018 YA 2019 RM RM Business: Adjusted business income/(loss) Balancing charge Capital allowance (current year) Unabsorbed capital allowance (brought forward) Unabsorbed business loss (brought forward) Employment: Gross employment income Allowable expenses (12,000) 31,700 8,500 4,400 6,300 7,600 4,200 5,000 ? 74,600 82,800 3,400 2,300 Interest: Gross interest income (derived from India) Allowable expenses Rental: 32,500 2,900 Gross rental income 12,000 Revenue expenditure incurred (allowable) Capital expenditure incurred (non-allowable) 3,600 8,200 Approved donation Zakat payment Total tax paid through Monthly Tax Deduction 4,000 6,000 800 2,500 1,200 1,600 Additional information: For both YA 2018 and YA 2019, Mr. Bujang Senang are entitled to the following reliefs: Self RM9,000 Parents medical expenses RM5,000 Lifestyle RM1,000 Required: Calculate chargeable income and income tax payable for Mr. Bujang Senang for the years of assessment 2018 and 2019.

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answer Chargeable income also known as taxable income is your total annual income minus all the tax ... View the full answer