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Asantha de Silva
18/11/2011 10:48:41
Re: Taxing on redundant package

Im currently making
RM3950 + 900 (Basic + Allowance)

I will be made redundant end of this month and the company is giving me a lump sump of 4 months pay.

How will i be taxed for this?

Thank you
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KL Siew
18/11/2011 15:12:50
You have to consult the Income Tax Department about it. I think it is taxable.
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