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It is the last day for Malaysians to file their personal tax assessments. As usual, people have left it to the very last minute. This is evident by the traffic hits to the eFiling site. Well, if you’ve left it to the last minute like countless others and you’re trying to get into the eFiling site, be prepared for frustration. The site is incredibly slow to the point that it is nearly impossible to file your taxes via the electronic system.

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Gentle reminder for those who have not yet submitted their tax assessment. The closing date for personal tax submission for the year 2006 is 30th April 2007. That gives you approximately 4 days from the date of this post. If you don’t want the taxman knocking on your door, best to get it over and done with.

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I guess you could call this the coup de grace of the eFiling process. Once you’re done with this, you won’t have to see the tax form for another year.

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The tax submission due date is only two weeks away. Best that we wrap this up quickly. The next section in the eFiling electronic BE form is the Tax Summary. As the title suggests, this section is a summary of the tax information you keyed in through the previous forms. It also calculates and derives payable or refundable taxes based on the values that you provided. While there is nothing to be filled, it is an important page that should be reviewed and double checked to ascertain that you made no data entry errors. Don’t take eFiling for granted. It’s also a good place to double check the calculations.

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I don’t have an alarm clock. I’ve been relying on my handphone alarm for the longest time. Recently, my handphone speakers decided to call it quits. That left me without an alarm to wake me up in the morning. Should I buy a clock? After thinking about it for a bit, I realised that since I leave my computer on during the night, I could turn it into an alarm clock. Here’s how you do it without having to install anything extra.

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I was at the PC Fair yesterday. There were some specific items that I wanted to buy (and managed to buy) but that didn’t stop me from looking at everything in general. There are some pretty good offers floating around this year. Here’s an overview in brief of what I found interesting.

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This next section is only applicable for forms that are prepared and submitted on an individual’s behalf by a firm. The firm preparing your tax assessment will fill it in on your behalf. As an individual, reading this article, I think it is safe to assume that you DON’T have to fill in this section. If you represent a firm which specialises in tax assessments, then you really shouldn’t be reading this article.

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Previous sections determined the amount of taxable income for which you have to pay taxes. A tiered percentage (%) tax is then applied on the nett taxable income to determine the amount of tax that needs to be paid. This section of the form describes deductions to the total taxes paid.

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Listen and judge for yourself…

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This section details tax exemptions. It directly reduces the net income that is taxable by the government. The types of tax exemption and the respective limits are as follows.

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