After our several posts for income tax for assessment year 2009, now is the turn for assessment year 2010. And for assessment year 2011, we shall talk next year. 
If you haven’t read them, you may want to read the related posts of : Income Tax Rates for Assessment Year 2009 , Type of income which included in Income Tax , Tax Exemptions , Tax Relief for year 2009 , Tax Rebate .
When your individual income is equal or more than RM25,501 (after EPF deduction), you has to register a tax file.
And below is the Income Tax Rates for Assessment Year 2010.
| Chargeable Income |
Calculations (RM) | Rate % | Tax(RM) |
| 0-2500 | On the First 2,500 | 0 | 0 |
| 2,501-5,000 | Next 2,500 | 1 | 25 |
| 5,001-10,000 | On the First 5,000 Next 5,000 |
3 | 25 150 |
| 10,001-20,000 | On the First 10,000 Next 10,000 |
3 | 175 300 |
| 20,001-35,000 | On the First 20,000 Next 15,000 |
7 | 475 1,050 |
| 35,001-50,000 | On the First 35,000 Next 15,000 |
12 | 1,525 1,800 |
| 50,001-70,000 | On the First 50,000 Next 20,000 |
19 | 3,325 3,800 |
| 70,001-100,000 | On the First 70,000 Next 30,000 |
24 | 7,125 7,200 |
| 100,001-150,000 | On the First 100,000 Next 50,000 |
26 | 14,325 13,000 |
| 150,001-250,000 | On the First 150,000 Next 100,000 |
26 | 27,325 26,000 |
| Lebih 250,000 | On the First 250,000 Next RM |
26 | 53,325 ………. |
Your Responsibility as a taxpayer:
- Obtaining and forwarding Income Tax Return Form (ITRF) and submit the ITRF that has been duly completed before 30th April every year.
- Declaring income and claiming expenses.
- Computing income tax payable.
- Keeping records for audit purposes.
- Paying the income tax payable.
Tomorrow we will tell you which kind of tax relief you will enjoy in assessment year 2010.