Tax-ing time again!

It’s that time of the year again when we all scramble to meet the deadline for our annual income tax submission.

I’m sure everyone has heard about the “goodies” in store for us this year as announced under Budget 2008. For those of you who have started digging out your old phone bills and petrol receipts, planning to claim tax relief with them, stop and read on. If you think that’s silly, ask around. I’ve heard from quite a number of people that they are claiming tax relief for their mobile phone bills and expenses to travel to work!

The “goodies” are only for those of you who are entitled to the stated benefits under your employment. In the past, your employer will list down all these benefits on top of your gross salary in the EA Form, such as mobile phone benefits, car allowances, etc. If you are one of the lucky ones who receives such benefits from your employer, then you can exclude them in the declaration of your income. But chances are your employer would have already started excluding them in the EA Form for 2008.

Anyway, to help you complete your assessment form, here’s an electronic version of the form. Click here to download. Have fun!