QUOTE(mxxuang @ Nov 22 2006, 11:23 PM)
Here's a list of personal relief which might help you :
This only apply to resident individuals. These relief are not available to you if you're not an resident individual.
Section 46
a) Personal relief : RM8000
b) (i) Medical expense for parents : RM5000(max)
(ii) Medical expense for taxpayer(you), spouse and children in respect of serious diseases : RM5000(max)*
c) Basic supporting equipment(i.e. wheelchairs, crutches for disabled taxpayers, spouse or child) : RM 5000
d) Disabled tax payer(Hopefully you don't make yourself one) : RM6000
e) Fees for education in law, accounting, technological, vocational or industrial fields scientific and ICT : RM5000(max)
f) Expense on a complete medical examination : RM500(max)*
g) Purchase of books : RM700
*Total of (f) and (b)(ii) should not exceed RM5000
Section 47
a) Wife/Husband relief(Only for combined assesment) : RM3000
b) Alimony payment(only males can claim) : RM 3000 what is this?
c) Disabled person(only for combined assesment) : RM 3500
Section 48
This section covers reliefs related to your child/children
a) Normal relief : RM1000 per child
b) Disabled child : RM5000 per disabled child
c) 1) For child studying in overseas(degree level and above) : RM4000
2) For child studying in local institution(Diploma level and above) : RM4000
d) Disabled child satisfying criteria (C) above : RM9000
Section 49
a) EPF & Life insurance premium : RM6000 Total contribution in a year?
b) Medical and education premium : RM 3000 Is this insurance as well?
c) Purchase of an insurance policy utilising his credit in his EPF account : RM1000
Just another question in mind. How much life insurance does one actually buy? Anyway to calculate like say 10%of gross salary or something like that?This only apply to resident individuals. These relief are not available to you if you're not an resident individual.
Section 46
a) Personal relief : RM8000
b) (i) Medical expense for parents : RM5000(max)
(ii) Medical expense for taxpayer(you), spouse and children in respect of serious diseases : RM5000(max)*
c) Basic supporting equipment(i.e. wheelchairs, crutches for disabled taxpayers, spouse or child) : RM 5000
d) Disabled tax payer(Hopefully you don't make yourself one) : RM6000
e) Fees for education in law, accounting, technological, vocational or industrial fields scientific and ICT : RM5000(max)
f) Expense on a complete medical examination : RM500(max)*
g) Purchase of books : RM700
*Total of (f) and (b)(ii) should not exceed RM5000
Section 47
a) Wife/Husband relief(Only for combined assesment) : RM3000
b) Alimony payment(only males can claim) : RM 3000 what is this?
c) Disabled person(only for combined assesment) : RM 3500
Section 48
This section covers reliefs related to your child/children
a) Normal relief : RM1000 per child
b) Disabled child : RM5000 per disabled child
c) 1) For child studying in overseas(degree level and above) : RM4000
2) For child studying in local institution(Diploma level and above) : RM4000
d) Disabled child satisfying criteria (C) above : RM9000
Section 49
a) EPF & Life insurance premium : RM6000 Total contribution in a year?
b) Medical and education premium : RM 3000 Is this insurance as well?
c) Purchase of an insurance policy utilising his credit in his EPF account : RM1000
Nov 26 2006, 11:38 AM

Quote
0.0380sec
0.72
7 queries
GZIP Disabled