2008/2009 Malaysian Tax Relief

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 (including expense on a complete medical examination RM500) : 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) Purchase of books, journals, magazines : RM1000 (max)
g) Purchase of sports equipment : 300 (max)
h) Relief for purchase of personal computer (once every 3 years) : RM3000 (max)

Section 47
a) Spouse relief : RM3000
b) Disabled individual - additional relief for self : RM6000
c) Alimony payment(only males can claim) : RM 3000
d) Disabled person - additional spouse relief : RM 3500

Section 48
This section covers reliefs related to your child/children

a) Normal relief (below 18 years of age): RM1000 per child
b) Per physically / mentally disabled child : RM5000
c) With effect from year of assessment 2006 and thereafter, per child (over 18 years of age) :
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 (max)
b) Medical and education premium : RM 3000 (max)
c) Premium on annuity purchased under EPF annuity scheme : RM1000 (max)

Section 6A
Rebate for resident individuals. If resident individual's chargeable income is less than RM35000,
rebate granted is deducted from tax charged and any excess is not refundable.
Amount of rebate
- where husband and wife are jointly assessed:
Individual : RM400
Wife/husband : RM400
- where husband and wife are separately assessed:
Amount available to each, as an individual : RM400

This post has been edited by babychai: Mar 19 2009, 10:34 PM

1) Petrol card/petrol/travel allowances between home and work place is exempted up to RM2400 p.a.
2) If for official duties is exempted up to RM6000 p.a
3) Parking fees/allowances : fully exempted

refer 3 case above & u'll know~

can but u have to make arrangement between u & yr employer and yr employer agreed with it. tell yr boss that u want to treat rm500 per mth is for official duties and rm100 per mth is for allowances between home & work.

Normally big company got give travel allowances between home & office. small company seldom one.

Since yr parking is reimburseable, so u r not taxed on the amount received. but make sure u keep ALL the parking receipts.

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Added on March 22, 2009, 1:02 amhmmm....i think when u reached school leaving age and yr salary is taxable then u'll require to pay tax liao. but not 100% sure about this.

this 1 got any law to refer or not ah?

any1 can help ah

This post has been edited by babychai: Mar 22 2009, 01:02 AM

(a) Employers’ own services provided full or at discount : fully exempted (use all the services provided and u still not taxable)

(b) Employers’ goods provided free or at a discount : up to RM1000 is tax exempted (goods exceeded RM1k only taxable)

keep all the invoices/bills as supporting documents~

if follow what ronnie said, then for swimmer a bit disadvantages....many things can't claim...even goggles also can't claim it. i still can swim without it what~

i think is still ok if use banana leaves to cover yr body and swim~

if u wanna claim yr deductions (e.g magazines, PC, disabled individual, insurance etc) in monthly, quarterly, half-yearly etc instead of yearly then u have to fill up TP1 form.

it wont be lower for subsequent month if u dun wan to claim yr deductions or u dun have deductions. PCB will be reduced is becoz u claim yr deductions (e.g magazines, PC, disabled individual, insurance etc) in monthly, quarterly, half-yearly or any months instead of yearly.

Let's say Jan '08 u oredi bought RM1k books, journals or magazines then from Feb'08 to Dec'08 u cant claim anymore coz RM1k is the maximum amount that u can claim in 1 year.

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Added on May 9, 2009, 1:10 amTP1 is not only for books deduction. medical exps, child relief, epf, insurance, supporting equipement for disabled, alimony, blah blah blah etc also can one.
Any book store also can. as long as not comics, newspapers or XXX books

This post has been edited by babychai: May 9 2009, 01:10 AM

Yea~

the problems here is the big A/D or small (a)/(d). nothingz juz use a layman's term to explain. no need so complicated. sometimes simple explaination ppl will understand more easily.

what u mentioned juz now normally is direct expenses.
for Investment Holding Company there's still got some expenses allow for deduction up to 25% of "permitted expenses". for yr info permitted expenses is under section 60F / 60H

avoid yes evade no

audio book is juz a name only. not a book~