Mr.

Suhaimi & Family

Family Members Occupation

Suhaimi Business
Saidatulakmaa HouseWife
Nor Nazrin University Student
Danish Primary school
Type of Assets Value (RM)
Storey Semi-detached house 1,100,000.00 Expen
Mazda CX5 183,760.40 No
Proton x70 98,800.00 1
Computers 4,000.00 2
Mac Book Air 5,200.00 3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
 Expenses & Income
Details RM
Salary 16,000.00
Mazda CX5 monthly installment 2,779.38
Proton x70 monthly installment 1,494.35
House Monthly 3,810.02
Utility bills monthly 700.00
Fuel monthly 500.00
Groceries monthly 1,000.00
Phone bills monthly 150.00
Netflix bills montlhly 50.00
Purchase Iphone 13 4,400.00
Nazrin's UiTM Puncak Alam admission fee (March&October) 520.00
Nazrin's UiTM Puncak Alam college fee (June&December) 450.00
Danish's expense for primary school 90.00
Bonus (a month salary) 16,000.00
Takaful family 1,400.00
Savings with Maybank 500,000.00
Vaccation 5,000.00
Clothing expenses 2,000.00
Annual Zakat 6,260.00
Monthly donations 1,200.00
Medical insurance for spouse and children 175.00
Rental Received 2,000.00
Clothing (current value) 4,000.00
Credit card 20,000.00
Proton x70 Loan Balance 45,003.40
Mazda CX5 Loan Balance 96,657.97
Savings with tabung haji 10,000.00
Takaful family premuim 1,400.00
Roadtax and Insurance for Mazda CX5 and Proton x70 2,300.00
Nazrin's monthly allowance 500.00
 Mr Suhaimi
Balance Sheet as at 31 December 2022
RM
Liquid Assets
Savings with Maybank 500,000.00

Lifestyle Assets
Storey Semi-detached house 1,100,000.00
Mazda CX5 183,760.40
Proton x70 98,800.00
Computers 4,000.00
Mac Book Air 5,200.00
Purchase Iphone 13 4,400.00
Clothing (2000+4000) 6,000.00

Investment
Takaful family 1,400.00
Savings with tabung haji 10,000.00
Terrace House In Gombak for rent 500,000.00

2,413,560.40

Mr Suhaimi
Cash Flow as 31 December 2022
Income :
Salary (16,000 x 12)
Rental Received (2000 X 12)
Bonus (a month salary)
Total income

(-) Expenditure
Mazda CX5 monthly installment
Proton x70 monthly installment
House Monthly
Utility bills monthly
Fuel monthly
Groceries monthly
Phone bills monthly
Netflix bills montlhly
Purchase Iphone 13
Nazrin's UiTM Puncak Alam admission fee (March&October)
Nazrin's UiTM Puncak Alam college fee (June&December)
Danish's expense for primary school
Clothing expenses
Medical insurance for spouse and children
Takaful family premuim
Vaccation
Monthly donations
Annual Zakat
Roadtax for Mazda CX5 and Proton x70
Nazrin's allowance
Total Expenditure

Surplus

Mr Suhaimi
Tax Assement as at 31 December 2022
Income:
Salary (16,000 x 12)
Rental Received (20000 X 12)
Bonus (a month salary)
(-) Donation
Net Income

(-) Relief :
Self relief
Spouse relief
Child relief
Child relief
Lifestyle (Iphone 13)
Lifestyle (clothes)
Lifestyle (phone bills)
Lifestyle (Netflix)
Takaful family
Domestic tourism expenses
Medical insurance
Total Relief

Chargeable Income
Tax Deduction
First 100,000.00
Next 89736 x 24%
Total Tax Charge

Rebate
Zakat
Self

Tax payable

Mr Suhaimi
New Cash Flow
Income :
Salary (16,000 x 12)
Rental Received (2000 X 12)
Bonus (a month salary)
Total income

(-) Expenditure
Mazda CX5 monthly installment
Proton x70 monthly installment
House Monthly
Utility bills monthly
Fuel monthly
Groceries monthly
Phone bills monthly
Netflix bills montlhly
Danish's expense for primary school
Clothing expenses
Medical insurance for spouse and children
Takaful family premuim
Vaccation
Monthly donations
Annual Zakat
Roadtax for Mazda CX5 and Proton x70
Purchase gold&silver for investment
Monthly Contribution for SSPN
Nazrin's allowance
Total Expenditure

Surplus
 Mr Suhaimi
New Tax Assement
Income:
Salary (16,000 x 12)
Rental Received (20000 X 12)
Bonus (a month salary)
(-) Donation
Net Income

(-) Relief :
Self relief
Spouse relief
Child relief
Child relief
Lifestyle (clothes)
Lifestyle (phone bills)
Lifestyle (Netflix)
Takaful family
Domestic tourism expenses
SSPN
Medical insurance
Total Relief

Chargeable Income

Tax Deduction
First 100,000.00
Next 92036 x 24%
Total Tax Charge

Rebate
Zakat
Self

Tax payable
 Mr Suhaimi
ce Sheet as at 31 December 2022
RM
Current Liabilities
Credit card 20,000.00

Non-Current
Mazda CX5 Loan Balance 96,657.97
Proton x70 Loan Balance 31,630.11
Storey semi-detached house Loan Balance 580,411.64 96657.97
708,699.72 31630.11
580411.64
Net Worth 1,684,860.68
728,699.72

2,413,560.40

Mr Suhaimi
sh Flow as 31 December 2022
RM
192,000.00
24,000.00
16,000.00
232,000.00

24,164.52
17,932.20
45,720.24
50,796.00
 6,000.00
12,000.00
1,800.00
600.00
4,400.00
1,040.00
900.00
1,080.00
2,000.00
2,100.00
16,800.00
2,000.00
1,200.00
6,260.00
2,300.00
6,000.00
205,092.96

26,907.04

Mr Suhaimi
ssement as at 31 December 2022
RM
192,000.00
24,000.00
16,000.00
1,200.00
230,800.00

9,000.00
4,000.00
2,000.00
8,000.00
2,500.00
2,500.00
2,500.00
2,500.00
4,964.00
1,000.00
2,100.00
41,064.00

189,736.00
 4,400.00
21,537.12
25,937.12

6,260.00
400.00

19,277.12

Mr Suhaimi
New Cash Flow
RM
192,000.00
24,000.00
16,000.00
232,000.00

24,164.52
17,932.20
45,720.24
50,796.00
6,000.00
12,000.00
1,800.00
600.00
1,080.00
800.00
2,000.00
2,000.00
2,000.00
800.00
700.00
2,300.00
10,000.00
2,400.00
6,000.00
189,092.96

42,907.04
 Mr Suhaimi
New Tax Assement
RM
192,000.00
24,000.00
16,000.00
800.00
231,200.00

9,000.00
4,000.00
2,000.00
8,000.00
800.00
2,500.00
2,500.00
4,964.00
1,000.00
2,400.00
2,000.00
39,164.00

192,036.00

4,400.00
22,088.64
26,488.64

6,260.00
400.00

19,828.64
Items Calculation
Purchase price 1,100,000.00
Down Payment 1100000 x 10%
Balance from Bank
Interest charged 3% by bank
35 years duration
Total Loan 990000+(990000x3%x35)
Monthly payment 2029500/420
Car loan balance at 31 dec 2022
 RM
1,100,000.00
110000
990,000.00

0x3%x35) 2029500
4832.14285714