Dear wise forum,
For Year 2010 Tax Relief for Resident Individual, what is the difference between the different reliefs for insurance.
The LHDN site states
#20. Life insurance dan EPF, gets a 6,000 tax relief
#21 Premium on new annuity scheme or additional premium paid on existing annuity scheme commencing payment from 01/01/2010 (amount exceeding RM1,000 can be claimed together with life insurance premium)
gets a 1,000 tax relief
#22 Insurance premium for education or medical benefit, gets a 3,000 relief.
What is the difference between the Life insurance from #20 & #21?
Income Tax Issues
Apr 25 2011, 10:00 AM
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