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 Personal relief Income tax, legally, reduce income tax

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joseph8
post Feb 4 2013, 09:52 AM

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From: KL/Klang Valley
QUOTE(pretty~ @ Feb 4 2013, 01:48 AM)
useful thread. will have a proper look when i free =)
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For BE, an insurance plan can reliex tax up to RM12,000. If your tax bracket is let say 20%, you can save up to RM2400 per annum. If you still have 30 years left to work before you retire, the amount that you would have saved is a whopping 30 x RM2400 = RM72,000.
PM me for details.
joseph8
post Mar 4 2013, 11:27 AM

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Junior Member
147 posts

Joined: Oct 2012
From: KL/Klang Valley
QUOTE(pretty~ @ Feb 4 2013, 06:07 PM)
emm... so pm u for...?
sorry ya, not so proffesional in this field. tq
i m going to find accountant and start to pay this yr
I mean if you are not sure of how much you can relief your tax from your existing insurance plan then you can ask me.

For example, you can get a tax relief statement from your insurance company to see how much tax you can relief.

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joseph8
post Mar 4 2013, 11:30 AM

Getting Started
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Junior Member
147 posts

Joined: Oct 2012
From: KL/Klang Valley
QUOTE(pretty~ @ Feb 4 2013, 06:07 PM)
i m going to find accountant and start to pay this yr
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Btw, e-filling is very easy to use. Why would you need an accountant? Unless you are running a pretty big enterprise.

 

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