Help in filing income tax

• green hornet

  21 Mar 10, 16:43

  Hi bros,  I was trying to file my tax return online but encoutered some prob. Acc to IRAS instructions, supposed to fill in taxi income under Sole proprietorship/self-employed but unable to key in amount leh.  Where did I go wrong?  I am no IT person, has been scratching head for almost an hr.

  Anyone can give me some clear simple instructions/advice? Btw do u need to keep all transaction slips as evidence for income or just give an estimate figure will do?  Really need some enlightnment here.  I was retrenched in July, and started driving in Sept.

  HELP before whatever remainding hair also let me scratch out....lol

  Thanks!

• Tio Call Liao

  21 Mar 10, 16:57

  you need to submit if your income exceeds 22k. any lower than that no need. basically just for info purpose , what comfort used to do is to send 1 pc of A4 paper to fill out. just minus your operating cost and then submit.

  but now they make things easier la for us la. btw cabby's income never more than '15k' ;). pls dont spoil market haha

  http://www.iras.gov.sg/irasHome/page.aspx?id=1448

• FT

  22 Mar 10, 04:57

  i have to file more then $$k i very hard working 1...:p

• FT

  22 Mar 10, 04:59

  Originally posted by green hornet:

  Hi bros,  I was trying to file my tax return online but encoutered some prob. Acc to IRAS instructions, supposed to fill in taxi income under Sole proprietorship/self-employed but unable to key in amount leh.  Where did I go wrong?  I am no IT person, has been scratching head for almost an hr.

  Anyone can give me some clear simple instructions/advice? Btw do u need to keep all transaction slips as evidence for income or just give an estimate figure will do?  Really need some enlightnment here.  I was retrenched in July, and started driving in Sept.

  HELP before whatever remainding hair also let me scratch out....lol

  Thanks!

  where u stay??? I go chong pang CC they got pple help filing..go there bring your sing pass ok..sit down tell them u want file how much all done in 5 min..

• Pandanchen

  22 Mar 10, 06:54

  self employed and want to file high income - shake head and no further comments :)

• komade

  22 Mar 10, 07:35

  If intend to shift to new hdb if not wrong 3yrs income

  muz be more than 30k if itend to take loan.

  So sometimes bo bian need to report higher income

• green hornet

  23 Mar 10, 00:27

  Thank you bros!  Will try filing on own, if still 'catch no ball' then will seek help at the designated cc.  I am still holding on to some of my credit cards, so not sure if I should under-declare or what.  Any advice here?  Guess still got time before deadline in April.  Will gather more infor before filing. Thanks again!

• Tio Call Liao

  23 Mar 10, 05:58

  Originally posted by green hornet:

  Thank you bros!  Will try filing on own, if still 'catch no ball' then will seek help at the designated cc.  I am still holding on to some of my credit cards, so not sure if I should under-declare or what.  Any advice here?  Guess still got time before deadline in April.  Will gather more infor before filing. Thanks again!

  once a credit card is issued to u , they wont take it back unless u default. so its safe to underdeclare coz all the way my income is 15k pa since i became a TD. i got my cards before i was a TD , no problems

  But take note if u underdeclare then next time wanna get new loans a bit tough.

   

• Poolman

  23 Mar 10, 07:15

  I very on the ball one , i declared very honestly .

  They surely trust my figures presented to them .

  I also got pay medisave , must pay .

  The more u declared , the more u will got to pay medisave .

  My friends declared more than me , he declared $36,000 , he got about near to $1000 medisave to pay .

  Good la medisave , can use to stay hospital .

• Poolman

  23 Mar 10, 07:18

  I think better declared honestly , like realistic pay .

  Cabby are popualr to earn about $80 a day nett .

  So u take $2400 x 12 months lor .

  Army also pay us $80 nett when we go reservist , so ...legally $80 is the average income for most taxi drivers .

  Declared $28000 should be ok .

  The minus parents relief , maid's relief , handicap relief , insurance relief , left a bit only .

  Far below the payable tax amount .

  It's my answers the best ?

  KNN so many years submit income tax liao .... until SARS period declared really low .

• sonaters

  23 Mar 10, 11:54

  bro i never drive when SARS so how bad is that time? By the way i'm....hahaha....give u a hint..PAI DU LIAO BUAY....don't tell ok use this i can scold pple...:p

• Pandanchen

  24 Mar 10, 06:58

   

  after deducting all the relief, balance $31,000 must pay how much tax?

  i calculate to be about 377.44

  

• Chunhow

  24 Mar 10, 07:15

  350 for the first 30k of income.

  + 5.5% of 1000 = 55.

   

  total 405