Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Personal relief Income tax, legally, reduce income tax

views
     
iastate
post Oct 29 2011, 06:44 PM

On my way
****
Senior Member
599 posts

Joined: Mar 2011


Hi all, being a recent graduate who just got out of college and started working, I have some questions about tax.

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! smile.gif

iastate
post Oct 29 2011, 08:17 PM

On my way
****
Senior Member
599 posts

Joined: Mar 2011


QUOTE(Dias @ Oct 29 2011, 07:44 PM)
#1 - You automatically get the 9k relief regardless of whether you have dependents or not.

#8 - As per the Form BE guidebook; "An amount limited to a maximum of RM1,000 is deductible in respect of the purchase of books, magazines, journals or other similar publications (in form of hardcopy or electronic but exclude newspapers or banned reading materials) for enhancing the knowledge of the individual, husband/wife or child." But what's most important is that you have the receipts to support your claims. Limited means that you can claim up till RM 1k only (even if you have spent more than that).

#9 - Limited to RM 3k is the same as the above and 3 yrs must have passed from your first claim in order to qualify for another claim.

#12 - If the broadband account is registered under your name, yes. Do keep the bills to support your claims.

You have other deductions available as well besides the above (e.g. EPF/Life Insurance, Medical & Education Insurance). There's also the tax rebates for individuals of RM 400 if your chargeable income does not exceed RM 35k.
*
Thanks! This is very helpful!


 

Change to:
| Lo-Fi Version
0.0167sec    0.55    7 queries    GZIP Disabled
Time is now: 9th December 2025 - 02:44 PM