Below is the tax relief that you can have when calculating your income tax.
No. Individual Relief Types Amount
1 Self and Dependent 8,000
2 Medical expenses for parents 5,000 (Limited)
3 Basic supporting equipment 5,000 (Limited)
4 Disabled Individual 6,000
5 Education Fees (Individual) 5,000 (Limited)
6 Medical expenses for serious diseases 5,000 (Limited)
7 Complete medical examination 5,00 (Limited)
8 Purchase of books, journals and magazines 1,000 (Limited)
9 Purchase of personal computer 3,000 (Limited)
10 Net saving in SSPN’s scheme* 3,000 (Limited)
11 Purchase of sport equipment for sport activities 300 (Limited)
12 Husband/Wife/Alimony Payments 3,000 (Limited)
13 Disable Wife/Husband 3,500
14 Ordinary Child relief 1,000
15 Child age 18 years old and above, not married and receiving full-time tertiary education 1,000
16 Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities 4,000
17 Disabled child
Additional exemption of RM4,000 disable child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities 5,000
18 Life insurance dan EPF 6,000 (Limited)
19 Insurance premium for education or medical benefit 3,000 (Limited)
* SSPN -> Skim Simpanan Pendidikan Nasional
Do check whether you have missed out any tax relief items or do a proper planning to see whether some of the items can help you to reduce your personal income tax rate. Tax planning is an important aspect in our personal financial planning.
Do wait for the next upcoming year 2010 budget that is going to be presented on 23 October 2009 (Friday) to determine whether there is new items or amount modification.
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