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 Personal relief Income tax, legally, reduce income tax

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keeseng12
post Mar 7 2009, 05:08 PM

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last year, before june 2008, i was working for company D, and after that, i began working in company I as soon as i quit from Company D.

I understand that i'll receive the EB/ECBP from Company I. what about the tax that i need to pay when i was working in Company D?

I'm a little noob in taxation, hope someone please help me in the questions. Thanks.
keeseng12
post Apr 9 2009, 04:35 AM

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Junior Member
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QUOTE(gtchye @ Apr 8 2009, 01:58 PM)
It is best that you check with your insurance agent. Your insurance may comprise life and other types of insurance. Only life, medical and educational insurances are entitled to relief.
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yes. check with your insurance agent. by right, every year, around April (the time where everyone need to pay tax), your insurance company should send you insurance statement for tax relief. from there, you'll be able to check out the exact amount for tax exemption.

only life, medical and education policy are tax exempted (still you need to check it out, some life/medical are only entitled for 60% relief if you claim under medical and 100% if you claim under life policy). in short, just check out the form, it'll tell u everything.

 

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