Borang 8a Excel: The Ultimate Tool for Managing Your Income and Expenses
Borang 8a Excel: A Complete Guide for Malaysian Taxpayers
If you are an employee in Malaysia, you may have heard of Borang 8a Excel. This is a form that your employer has to prepare and render to you before the last day of February every year. It contains information about your income, deductions, exemptions and tax payable for the previous year. You need this form to file your income tax return with the Inland Revenue Board of Malaysia (IRBM).
Borang 8a Excel
But what exactly is Borang 8a Excel and how to fill it out correctly? In this article, we will explain everything you need to know about this form and how it can help you simplify your tax filing process.
What is Borang 8a Excel?
Borang 8a Excel is also known as Form C.P.8A (Pin. 2022) or EA Form. It is a form that shows the details of your remuneration and statutory deductions for the year of remuneration 2022. It is based on the Income Tax Act 1967 (ITA 1967) and its regulations.
The form consists of two parts: Part A and Part B. Part A shows your personal particulars, such as name, identification number, address and employer's name. Part B shows your income details, such as wages, salary, bonus, commission, benefits in kind, value of living accommodation, compensation for loss of employment and other income.
The form also shows your statutory deductions, such as income tax (MTD), EPF, SOCSO and EIS contributions. These deductions are made by your employer from your monthly salary and remitted to the respective authorities on your behalf.
Borang 8a Excel is available in both PDF and Excel formats. You can download the latest version of the form from the IRBM website or from the links below:
Download Borang 8a Excel in Malay
Download Borang 8a Excel in English
How to fill out Borang 8a Excel?
Borang 8a Excel is usually prepared and rendered by your employer using a payroll software or system. However, you should check the accuracy of the information in the form before submitting it to IRBM.
Here are some tips on how to fill out Borang 8a Excel correctly:
Make sure your personal particulars in Part A are correct and complete. If there are any changes or errors, inform your employer immediately.
Verify your income details in Part B with your payslips or bank statements. If there are any discrepancies or omissions, inform your employer immediately.
Check if your statutory deductions in Part B are calculated correctly based on the prevailing rates and limits. If there are any errors or overpayments, inform your employer immediately.
Sign and date the declaration at the bottom of Part B. This confirms that you have received the form and that the information in it is true and correct.
How to use Borang 8a Excel for tax filing?
Borang 8a Excel is an important document for tax filing because it contains all the information you need to declare your income and claim your deductions and exemptions. You can use it to fill out your income tax return form online or offline.
Here are some steps on how to use Borang 8a Excel for tax filing:
Register or log in to e-Filing, the online tax filing system of IRBM.
Select the appropriate income tax return form based on your source of income and residency status. For most employees, it would be Form BE.
Fill out the personal particulars section with the information from Part A of Borang 8a Excel.
Fill out the income details section with the information from Part B of Borang 8a Excel. You can also add other sources of income, such as interest, dividends, rental or business income.
Fill out the deductions and exemptions section with the information from Part B of Borang 8a Excel. You can also claim other deductions and exemptions, such as medical expenses, insurance premiums, donations or education fees.
Review your tax computation and submit your income tax return form online.
Borang 8a Excel tips and tricks
Borang 8a Excel is a useful form for tax filing, but it can also be challenging to fill out and use correctly. Here are some tips and tricks to help you make the most of Borang 8a Excel:
Use a payroll software or system that can generate Borang 8a Excel automatically and accurately. This will save you time and hassle to enter all the data manually. For example, you can use Deskera People, a cloud-based payroll software that can generate SOCSO Borang 8A form and TXT file directly from the system.
Keep track of your income and deductions throughout the year. This will help you avoid any surprises or errors when you receive your Borang 8a Excel. You can use a spreadsheet or an app to record your monthly income and deductions. You can also check your payslips or bank statements regularly to verify the amounts.
Compare your Borang 8a Excel with your previous year's form. This will help you spot any significant changes or discrepancies in your income or deductions. If you notice any differences, you should ask your employer for an explanation or a correction.
Review your Borang 8a Excel carefully before submitting it to IRBM. Make sure all the information is correct and complete. If you find any errors or omissions, inform your employer immediately and request a revised form. Do not submit a wrong or incomplete form as this may result in penalties or audits.
Keep a copy of your Borang 8a Excel for your reference. You may need it for future tax filing or verification purposes. You can print it out or save it in a digital format. You should also keep your payslips, bank statements and other supporting documents for at least seven years.
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