March and April are the months to file your taxes for employees across Malaysia. This time of year, everyone is busy filling out tax forms and fulfilling their responsibilities as office workers.
Although employees need to pay income tax when their annual salary reaches a specified amount, the government also provides tax reliefs benefits as a way to reduce the burden on the people.
The government has released the personal income tax relief which includes up to 26 income tax rebate, totaling up to RM109,350. Let’s have a look at what can be deducted!
Relief types | Amount |
Personal relief | |
Personal tax deduction | RM9000 |
Spouse | RM4000 |
Ex-wife/ex-husband alimony | RM4000 |
Individual Tuition Fees (Master/PhD)
|
RM7000 |
Disabled person | RM6000 |
Disabled spouse | RM5000 |
Statutory contributions | |
Life Insurance (Individual and Spouse) | RM3000 |
Education or medical insurance | RM3000 |
EPF | RM4000 |
SOCSO & EIS | RM350 |
Private Retirement Scheme (PRS) | RM3000 |
SSPN Net Savings | RM8000 |
Life, medicine and health-related equipment | |
Parents’ medical expenses | RM8000 |
Serious illness medical expenses:
|
RM8000 |
Lifestyle:
|
RM2500 |
Lifestyle:
|
RM2500 |
Additional sports-related activities
|
RM500 |
Domestic tourism spending
|
RM1000 |
Electric vehicle equipment
|
RM2500 |
Breastfeeding equipment (female only)
|
RM1000 |
Assistive devices for persons with disabilities (individuals, spouses, children, parents) | RM6000 |
Child relief | |
Unmarried children under the age of 18 (per person) | RM2000 |
Unmarried, full-time students over the age of 18
|
RM2000 |
Unmarried student over the age of 18 studying for a higher education diploma or above
|
RM8000 |
Nursery / Kindergarten (under 6 years old) | RM3000 |
Disabled children | RM6000 |
If you’re thinking of saving more money, remember to fill in these 26 tax deductions when you file your tax returns – and you get to pay either less tax, or no tax at all!
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