...TAX PLANNING – INDIVIDUAL Employment Income - S 13(1)(a) – S 13(1)(e) (latest YA 2013- from IRB website ) S 13(1)(a) Salary Wages Remuneration Leave pay Fees Commission Bonus Gratuity Allowances S 13(1)(b) Benefits in kind ( BIK Table) Car / MV House Furnished / Semi Furnished Driver Maid/ gardener S 13(1)(c) Living Accommodation Defined Value ( Rental paid by the employer – cost of the furniture) OR 30% X S13(1)(a)- excluding shares WIL S 13(1)(d) Withdrawal from Unapproved fund S 13(1)(e) Compensation for loss of employment GROSS EMPLOYMENT INCOME Less: Allowable expenses: STATUTORY EMPLOYMENT INCOME Add: Other Income AGGREGATE INCOME Less: Approved donations ( 7% of AI) TOTAL INCOME Less: Reliefs - RESIDENT CHARGEABLE INCOME TAX PAYABLE R – Scale rates NR - Flat rate 26% CORPORATE TAX PLANNING Commencement of business Business is commenced when essential activities of that business have started. PRELIMINARY EXPENSES / PRE OPERATING EXPS = CAPITAL EXPENDITURES Claim of Capital Allowance Capital allowance is allowed to be claimed by a company for any Fixed assets owned by that company. Any disposal of the FAs is subjected to either Balancing Charge or Balancing Allowance Disposal Price | 500,000 | 200,000 | Less: Residual Expenditure | (300,000) | (300,000) | Balancing Charge | 200,000 | | Balancing Allowance | | (100,000) | Adjusted Income / loss | 1,000,000/ nil | Add: Balancing Charge...
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...COMPUTERS DISTRACTING STUDENTS As we know technology is everywhere in our lives especially in education. While teaching a lesson, teacher apply to many technological tools like computers. Their purpose by using cmputers is to relay the subject properly and effectively to students. But as we think from the point of students, they can be effected negatively from them whether involuntarily or not. The use of computers in classroom distract students in lessons. One reason is that computer distract students motivation. Many students can lose motivation quicker while listening what teacher says. They are affected from the sounds of clicking keybord or Mouse, computer case making sometimes strange noices, speaker when used too much. They are also affected by what other computer users are doing. As we are very curious a part of our ages, we wonder what next to us is doing in computer. That may be about something that we are interested in like a femous person, games pictures, videos etc. Some people also can experince uneasiness in computer using. While following some instructions in lessons, on may lose to follow. To catch the instruction again, they need to look their friends surrounding or skip the phases they must attend. This lead them to lose motivation for the subject in lessons. Student are taking the easy way out while following the subect. As all information can be reached in computers, students don’t use their creavitiy on replying the questions or attending activities...
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