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 Income Tax Issues

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tgrrr
post Jul 11 2009, 10:50 AM

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For some reason, I can't load the hasil website.
Anyway I have been wondering about this new schedular tax deduction. How should one goes about to claim the tax relief every month since the PCB is deducted automatically every month by my company.
Should I go and inform them everytime I buy a book or something that's tax deductible? Isn't this a lot of hassle for the company HR?
Is anyone's company actually practicing this?
tgrrr
post Feb 22 2010, 10:38 AM

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QUOTE(fahrur_07 @ Jan 30 2010, 08:13 PM)
hi
i want to ask did life insurance with refund after maturity, eligible for income tax relief?
*

Usually those investment-linked insurance split their payment into 2 parts, one portion goes to protection (insurance), the other for investment. The protection part (life and medical) is eligible for tax-relief. You should be mailed a copy of the eligible tax relief amount from your insurance underwriter.

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