Re: retirement education assistance payment
Kindly elaborate that for the scenario 2, if retirement education assistance payment is the reimbursement payment to retiree who enhancing the education or skills, but they are not with employer anymore when they enhancing the education or skills
1) Is it taxable?
2) If yes, under which line item number this will be reported in EA form?
3) Is this applicable for statutory deductions (EPF, SOCSO & HRDF)?
4) If taxable, whether this falls under normal or other income? Pls. advise.