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Thread: Have you paid your income tax?

  1. #21
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by DrSpock View Post
    Usually they'd advise you to have at least 2 mths worth of deductions in the bank just in case
    Quote Originally Posted by romeo tango View Post
    There are 2 deduction dates in a month.

    First deduction between 4th to 6th and the second deduction between 24th to 28th of the same month.

    If first deduction run not successful, it will auto deduct on the second deduction run.

    No penalty
    I also wish to have 2 mths worth of deductions in my bank :P
    my pay day is end of month, if the first deduction fails, high chance my pay still not in bank until after 28 (yaya, Feb excepted ) so likely will fail ... anyway I need to enforce discipline on accumulate some saving.
    Last edited by ConnorMcLeod; 16th June 2010 at 10:51 PM.

  2. #22

    Default Re: Have you paid your income tax?

    Quote Originally Posted by ConnorMcLeod View Post
    I also wish to have 2 mths worth of deductions in my bank :P
    my pay day is end of month, if the first deduction fails, high chance my pay still not in bank until after 28 (yaya, Feb excepted ) so likely will fail ... anyway I need to enforce discipline on accumulate some saving.
    For your case, trick is after your pay day at the end of the month, keep the sum aside for the 1st deduction. Then you are "free" for the rest of the month until the next pay day. Then repeat the same cycle
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  3. #23
    Member ireallydontlikepink's Avatar
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    Default Re: Have you paid your income tax?

    Did u all noticed at the income tax bill at the end is written
    " Thank you for your contribution to the country's ......"

    hahaha .... i was thinking my contribution to maybe a bit of the firework on NDP!
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  4. #24
    Senior Member hanqiang1011's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by ireallydontlikepink View Post
    Did u all noticed at the income tax bill at the end is written
    " Thank you for your contribution to the country's ......"

    hahaha .... i was thinking my contribution to maybe a bit of the firework on NDP!
    Also on the F15SGs that we bought from US too... Ha Ha Ha...

  5. #25

    Default Re: Have you paid your income tax?

    paying tax is ok for me, more scary if no need pay tax, means not earning enough, or worse unemployed.

  6. #26
    Senior Member josho's Avatar
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    Default Re: Have you paid your income tax?

    Interesting huh?

    This is really call: GIVE and TAKE.

    make you happy for a while.

  7. #27

    Default Re: Have you paid your income tax?

    i have not received mine yet

  8. #28

    Default Re: Have you paid your income tax?

    Quote Originally Posted by humanTORCH View Post
    i have not received mine yet
    Just got mine...

    Just pay and pay every month la.

  9. #29

    Default Re: Have you paid your income tax?

    btw, the DR stated on my bill, what does DR stand for?
    Objection !!!

  10. #30
    Member koplady11's Avatar
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    Default Re: Have you paid your income tax?

    Letter hasn't come yet!! :S
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  11. #31
    Member DrSpock's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by ninelives View Post
    btw, the DR stated on my bill, what does DR stand for?
    Same meaning as O$P$ so the bigger the sum in front of DR the worse for you lah. Just received mine last week and I nearly had a HA
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  12. #32
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by iMac08 View Post
    can ask for discount???

    this is the most unhappy day of the year for me......
    i think it is a good thing that you still can contribute income tax

    which means you still have a job which pay you well enough that, after the deduction of all the reliefs, you still have chargeable income for the govt to tax.
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  13. #33

    Default Re: Have you paid your income tax?

    Quote Originally Posted by DrSpock View Post
    Just received mine last week and I nearly had a HA
    you must be earning big bucks right

  14. #34
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by romeo tango View Post
    For your case, trick is after your pay day at the end of the month, keep the sum aside for the 1st deduction. Then you are "free" for the rest of the month until the next pay day. Then repeat the same cycle
    It is not really an issue with me on my determine to save. It is the mighty mrs who digs a hole just before my pay day for me to fix almost consistently ever month. Soon I have to resort to hide my money in a tin can ...
    Last edited by ConnorMcLeod; 2nd July 2010 at 11:09 PM.

  15. #35
    Member DrSpock's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by coke x View Post
    you must be earning big bucks right
    "Earning" is a Verb which denotes something to do with exchanging TIME for $ and Time is the one big limiting resource you cannot have more of. Everybody can only work for 8-10hrs a day max so how much can you really earn?

    Hence I prefer "Making" money, better still Passive Income, which btw is a Noun so your money flows in even if you are sick on bed

    BTW, I dun make so much lah, just enough to buy some toys from B&S lor
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  16. #36
    Member 9V-Orion Images's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by DrSpock View Post
    BTW, I dun make so much lah, just enough to buy some toys from B&S lor
    Don't kay kay, you must earn quite a bit being a civil engineer.
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  17. #37
    Member DrSpock's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by 9V-Orion Images View Post
    Don't kay kay, you must earn quite a bit being a civil engineer.
    A bit OT liao but just to let you know civil engineers are the most underpaid lot in the whole universe. Had to slog for 4 yrs in Uni but starting pay on the bottom of most and had to stand under rain & sun and 7 days work week

    I made more $ being an agent standing by the roadside
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  18. #38
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    Default Re: Have you paid your income tax?

    Anyway no choice one, we all complain here. In US when you get 13 month bonus GOVT deduct 50% out of it by saying it is free you never work for it .
    But only thing is we are not going to get any thing when we will retire but ppl in US will .
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  19. #39
    Member 9V-Orion Images's Avatar
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by DrSpock View Post
    A bit OT liao but just to let you know civil engineers are the most underpaid lot in the whole universe. Had to slog for 4 yrs in Uni but starting pay on the bottom of most and had to stand under rain & sun and 7 days work week

    I made more $ being an agent standing by the roadside
    It goes the same for Licensed Aircraft Engineers (LAE) under Singapore Technologies (ST) Aerospace Certificate in Aircraft Maintenance Program (CAMP), they have to undergo three years of apprenticeship under a 10 years contract after completion of their studies in higher education and breaking the bond could means coughing up enough cash to purchase a car.

    Oh well, the grass is always greener on the other side I suppose.
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  20. #40
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    Default Re: Have you paid your income tax?

    Quote Originally Posted by commonjunks View Post
    Anyway no choice one, we all complain here. In US when you get 13 month bonus GOVT deduct 50% out of it by saying it is free you never work for it .
    But only thing is we are not going to get any thing when we will retire but ppl in US will .
    At least in Singapore you can be assured that a deranged colleague won't show up at work with a rifle and a vest load of semi-automatic pistols after they had been retrenched.
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