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B2.1 Type of Employment Income (S13 (1)(a) (:check:Convertible into $, eg:…
B2.1 Type of Employment Income
S13 (1)(a)
:check:Convertible into $, eg: wages, salaries, bonus, allowance, perquisite
:red_cross: reward for personal qualities & payment for personal distress
S13 (1)(b)
BIK ( :red_cross: convertible into $)
Benefits given by Employer to Employee
Exemption: :check: medical/ dental treatment/ childcare
:check: Leave passage in MYS ( :red_cross: > 3 times)
:check: LP overseas (Max RM3K)
:check: Benefits received solely in relation to duties performances
S13 (1)(c)
VOLA
Given by Employer
Give to EE or service director of controlled Co. - Lower of
30% of S13 (1)(a) OR
Defined Value
S13 (1)(d)
Unapproved pension fund's contribution to EE (Other than pension, annuity)
eg: Employer's contribution + interest + bonus earned
-
S13 (1)(e)
Compensation for loss of employment
Prescribed value + fuel
RM3,600 annually - employed by ER
RM4,800 annually - employed by ER
