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EMPLOYMENT INCOME CHAPTER 6: TYPES - Coggle Diagram
EMPLOYMENT INCOME
CHAPTER 6:
TYPES
Section
Sect 13(1)(b): benefit in kind
Food and drinks provided free of charge or subsidized by employer
Dental treatment, child care benefit
Leave passage
3 leave passage for travel within Malaysia
One leave passage for travel between Malaysia and any place outside Malaysia, maximum amount RM3,000
Sect 13(1)(c): living accommodation
Amount in respect of the use employee living accommodation in Malaysia, provided by employer rent free or otherwise
The lower of:
Defined value of living accommodation (rental value or economic rent value); or
30% of the employees’ gross income under s13(1)(a)
Section 13(1)(a): cash
Any wages, salary, remuneration, leave pay, fee, commission, bonus, gratuity, perquisite or allowance (whether in money or otherwise) in respect of having or exercising the employment.
Sect 13(1)(d): pension fund
a) contribution made by employer to the unapproved pension or provident fund, scheme or society,
b) any income earned (interest, bonus, etc) by such unapproved fund and credited to the employee
Section 13(1)(e):
compensation on loss of employment
Salary or notice in lieu of notice
Compensation for breach of contract of service
Payment for the release of the employer’s obligation under contract of service
Ex-gratia such as retrenchment payment, severance pay, gratuity made to employees who have become redundant, and
Restrictive covenant