I came across this website (http://www.malaysia-kini.com/blog/income-tax/tax-relief/). It states all the tax relief for resident individual, which I suppose is for Malaysian citizen. I have some questions about some of the items.
#1 states RM 9000 for self and dependent. I am not married and have no children. My parents declared bankruptcy some years ago, do they count as my dependents?
#8 states RM 1000 (limited) for purchase of books, journals, magazines, and publications. What does that "limited" mean? I assume I get tax relief for my purchases of books and newspapers? I buy eBooks from Amazon, do they count? How about my Wall Street Journal subscription?
#9 states RM 3000 (limited) for purchase of personal computer. I think it works the same way as #8, right? I heard it's only claimable once every 3 years, correct?
#12 states RM 500 (limited) for subscription fees for broadband. Can I use it for my Maxis broadband?
Assuming that my annual income is RM 30000 and all the above items can be deducted from my annual income, my taxable income will only be RM 16500. Is that right?
Thank you for helping me out!
Oct 29 2011, 06:44 PM
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