Thursday, February 26, 2009

Tax Reliefs

Just in case you are not aware of what relief you are entitle to, you can check it out here:-

  1. Self relief - RM8,000 (Everyone will be entitled to this automatically);


  2. Medical expenses - RM5,000 (include RM500 max for medical exambination);


  3. Wife/husband relief - RM3,000 (combine assessment);


  4. Child relief - RM1,000 per child (below 18); RM5,000 (Disable child);RM4,000 (above 18 and studying in colleges and universities);


  5. Life insurance + EPF - RM6,000 max;


  6. Medical & Education insurance - RM3,000 (max);


  7. Fees for acquiring technical, vocational, industrial, scientific, technological,law,accounting,islamic,financing,skills at tertiary level or post graduate level - RM5,000 (max);


  8. Purchase of books (excluding newspaper or banned publication) - RM1,000


  9. Purchase of sports equipment - RM300.

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