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 Personal relief Income tax, legally, reduce income tax

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SUSwankongyew
post Mar 25 2009, 12:34 PM

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QUOTE(babychai @ Mar 20 2009, 01:25 AM)

a) Spouse relief : RM3000
This does not appear on the e-Borang, but there is a space for individual and dependent relatives that is filled in by default for RM8,000.00. Should I just increase this to RM11,000.00 to account for my wife if doing a joint assessment?
SUSwankongyew
post Apr 8 2009, 09:53 AM

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I have a question on the tax deductibility of insurance premiums. I have a whole life insurance plan for which I pay a total premium of about $2,500 a year but I recently received a statement from my insurer that only about $791.00 can be claimed as a tax deductible expense. What's up with that?

 

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