Answer is NO. You need to deposit in RM3,000 every year to enjoy the tax relief.
The statement for Income Tax relief is available at http://epay.ptptn.gov.my/saving/hasillogin.jsp
It would show whether you can deduct or not.

If my statement state that:

1.Riders(Medical/Life)-How many percent i can deduct under medical insurance?

2.Living Assce(Medical/Life)-How many percent i can deduct under medical insurance?

I've stop working 2 years ago. Do i still need to submit income tax?

if claim under life is 100%, if under medical is 60%

did u still receive Form BE from the Inland Revenue Board?

Do you have an income to survive ?
If you have an income, then it's taxable.

even when company buy the medical insurance, if you are deducted every month a portion to cover the premiums, you can mention that in your tax returns.. if you are not paying and only the company, then you cannot deduct that portion. The medical and life exemption is for individual basis.

Am not sure whether the company is exempted or not if taking medical insurance plans. not sure of corporate tax structure..

I came to know that we, as employee is entitled for the relief for petrol for the sum of RM6k. I was just wondering if we could use the receipts to double claim it, i.e. to use it for personal relief, and also for business account relief.

Would the inland revenue department trace the 2 receipts submitted in 2 different account as mentioned above.

Thread tittle: Personal relief Income tax, legally, reduce income tax
if i am RBR, I sure submit IP/timestamp to MCMC then send to IRB to double check your income tax submisson this year. kidding man! where got so free one...

I know if i say this sure will kena from all of u.

wondering if there is a summary of the personal relief page for our lazy's man reference instead of going pages to pages.

if you're looking for a page that says "personal relieves for the year 2009", don't have
but if you look at the guide online at LHDN's website, it actually contains quite detailed information for each category on what is included and what is not, structured

This post has been edited by aeronic: Apr 14 2009, 09:57 PM

Let's say dividend voucher states that it is for accounting year ending 2007 but payment date (i.e. dividend cheque issued) is on 31st March, 2008.

Question : am I to declare the dividend received for the year 2008 ? Or as previously undeclared income for 2007 ?

I remember <RM6,000 no need to keep receipt.
Then you can use this receipt for the business account relief...

I read all the post but i Need to ask about the new tax relief for Assessment 2008. Refering to..

http://thestar.com.my/news/story.asp?file=...7846&sec=nation
http://www.hasil.gov.my/cP/upload/Budget/attachment09.pdf

So when i was doing my e-filling for 2008, I didn't see any place for me to put this new tax relief figure like travel allowance, housing allowance. So how do I states those?

In my EA form, it states

Gaji Kasar (SALARY) : 20000
Allowance : 10000

So when I fill in the pendapatan in BE form, i put only 20000? Last year for 2007 when allowance is taxable, i put the combine total.

Thanks.

did you check all the pages? some of the main figures, you click on a button which takes you to a popup page, you do the breakdown there and the main figure gets calculated automatically.

Hi,

This question was answered in http://taxsaya.com/smf/index.php?topic=206.0

If you are using the FREE TAXSAYA, then you just need to enter in the information that is in your EA form, and the system will do the rest for you you.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Mutli-lingual Tax Software

Books & Magazine relief is counted based on actual payment you paid (nett after discounts and cash vouchers).

Eg.
Cost of book = RM50
10% Discount = RM5
Total Cost of Book = RM45
Payment method = RM40 + RM5 Cash Voucher (from bookstore)

Total relief can be claim is RM40, not RM45.

This post has been edited by ronnie: Apr 15 2009, 10:18 PM

I understand that we are entitled for the hp and petrol allowance rite? How does it work?

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Added on April 15, 2009, 10:14 pmMind explain abit how does it work?

This post has been edited by de.crystal: Apr 15 2009, 10:14 PM

Did your employer give you these benefit in year 2008 ?
If yes, these benefit is now tax exempted for YA2008. No need to put into the form.

FYI....Ketetapan Umum must be set to YES/YA to ensure you are not flagged for audit.