For BE, an insurance plan can reliex tax up to RM12,000 (6,000 life + 3,000 medical + 3,000 retirement planning). If your tax bracket is let say 20%, you can save up to RM2400 per annum. If you still have 30 years left to work before you retire, the amount that you could have saved is a whopping huge number.

Furthermore, insurance plan can be tailored made in such a way that the cash value later let say 15 or 30 years later is higher than the total premium that you have saved into the plan, meaning you don't lose your money. At the same time, 30 years down the road if you look back, not only you get back your money, at the same time the insurance protection that you get is as if it is free since you get back your money.

PM me for details.

For everyone's info: if you own insurance policy you can relief tax up to RM12,000 (life, medical and annuity).

If you are not sure of how to fill in the tax relief numbers, you can refer to your Life Assurance Premium Certificate(LAPC).

Example as below:



PM me if you are not sure of how to get this.

Tips: Do make sure you keep your receipt properly. Because it is possible that they do audit.

You are right, for that Insurance nyawa dan KWSP there is only 6k tax relief.

However most people forget that there is still 2 x 3k relief as below

Skim Persaraan Swasta dan Anuiti tertunda (‘Deferred annuity’)......Terhad 3,000
Insurance pendidikan dan Perubatan............................................Terhad 3,000

Last year i got it around 1 month time. Hopefully this year we can get it faster.

In this case, you will get 2 separate EA form from this 2 companies. Just sum it up will do.

But of course the purpose of insurance is not for tax relief, it is for financial protection.

Do you have something like this?


You can see that there is a "benefit type and tax relief category" figure.

Example, if "Life" is 3k and if EPF is 5k, you can still only put 6k in the EPF 6k category. The balance cannot be put into others.

And if you have 2k "medical" category, then you can put into the category of "Insurance pendidikan dan Perubatan"

For your plan, it sounds like an investment linked plan perhaps with medical card rider, hence you can relief tax for only this 2 sections as below:

Insurance nyawa dan KWSP........................................................Terhad 6,000
Insurance pendidikan dan Perubatan............................................Terhad 3,000

Yes.

https://e.hasil.gov.my/

You still have to do e-filling or submit hardcopy BE. Your employer will give you EA form to facilitate your tax filling.

Just click lah since as you mention you can still take back some. Something is better than nothing oh...

1. For No. Cukai Pendapatan, you can ask your employer. If your employer is not sure, can ask LHDN.
2. Do you remember the email address that you first register with LHDN? (did u go to LHDN office to register? )

Before going to LHDN office, you can call them up at 1-800-88-5436

Looks like you are doing "Permohonan nombor pin melalui e-mel". According to this site:
https://spsd.hasil.gov.my/pki/contact.html

You have to fill up the "BORANG MAKLUMBALAS PELANGGAN" in http://www.hasil.gov.my/smp/

This post has been edited by joseph8: Mar 7 2013, 02:34 PM

Hi nighty,

1. I suppose it is your first time doing e-filling? For first time user you gotta get a pin.

"
NO. PIN boleh di dapati melalui:
1.Cawangan LHDNM yang berdekatan

2.Melalui surat atau faks kepada
mana mana cawangan LHDNM yang berdekatan
Perlu disertakan:
i. No.Cukai Pendapatan
ii. Alamat terkini
iii. Salinan Kad Pengenalan
(muka depan dan belakang)


3.Semakan secara dalam talian bagi Pembayar Cukai
yang mendaftarkan No. Cukai Pendapatan melalui
e-Daftar.

4.Melalui laman web e-filing
https://e.hasil.gov.my. Klik Permohonan no. pin
"

2. For the previous years not declared, there is a section within e-filling (after you have succesfully login) where you can declare previous years tax. If you are very sure that your income is low enough to not have any tax, then this section can leave it blank.

tips: in the future you also need to keep all receipts for 7 years if there is any tax relief filled in the e-filling. Cannot misplace oh...

select e-BE because you have no business income.

Tiada Punca Pendapatan Perniagaan = no business income

If you did claim for laptop last year, then this year the e-filling system will not let you key in anything because the e-filling system automatically greyed out the computer claim i.e. meaning you cannot key in anything. If you cannot key in anything it means you already declared it.

Yes, every 3 years.

But if you forgot to claim last year, and trying to claim it this year using old receipt....this one i am not sure. When was the notebook purchased?

Tips: Click the "simpan dan cetak" button after you submit your e-filling so that you have a pdf soft copy about the tax u submitted in your hard drive. Then next year you can refer.

You are welcome

Yeap...it is based on the taxable income. Taxable income is the income after minus everything as David pointed.

1.Insurans nyawa dan KWSP/Life insurance and provident fund <- if u have EPF and/or life insurance you can get a total tax relief of up to 6k

2.Insurans pendidikan dan perubatan /Education and medical insurance <- if you have medical insurance and/or education savings plan you can get a total tax relief of up to 3k

Do you have something like this? Refer to this statement to fill in the numbers

Actually Personal Accident is not entitled for tax relief.