Computation of Mr Amman Statutory Income from Employment for the year of assessment

2015

Malaysian Company (1.1.2015

30.4.2015)
Sec. 13(1)(a):
Salary (10,000 x 4 months)
Entertainment Allowance (3,500x4mths)

40,000
14,000

54,000

Sec. 13(1)(b):
Leave Passage- Sabah (exempt)
Toyota (7,000x 4/12x1/2)
Driver (600 x 4)

Nil
1,168
2,400

3,568

S13(1) (e)
Compensation for loss of employment
(RM100,000 RM10,000 x 13 completed years)
exempt
Gross Employment Income

Nil
57,568

Director (1.7.2015 31.12.2015)

Sec. 13(1)(a):
Directors Fee (15,000 x 6)
Tuition Fees Servant (800 x 6)

90,000
5,000

CONFIDENTIAL

MIAQE SEPTEMBER 2015

Sec 13(1)(b)
Medical & Dental expenses (exempt)
Corporate golf club membership (monthly fee
RM500 x 6)
Furniture (280 x 6)

NIL

3,000
1,680

17,100

Sec. 13(1)(c):
Defined Value = (3,600 750) x 6 months
[For a director who owns more than 5% shares of
the company, VOLA is assessable at defined
value, S.13(1)(a) is not applicable]
Gross Employment Income

123,380

Total Gross Employment Income

(-) Deductible/allowable Expenses.

180,948

Entertainment Expense (70% x 14,000)

(9,800)

Adjusted/Statutory Employment Income

171,148