Can I get a tax deduction for medical card? thank you.
INSURANCE TALK, ok let start
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 Nov 4 2013, 03:05 PM
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Nov 4 2013, 03:24 PM
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QUOTE(s32106 @ Nov 4 2013, 03:14 PM) Yes of course... yay, thanks.    some told me if i buy premium can deduct even more? is that true? btw med card no monthly payment? |
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Nov 8 2013, 12:38 PM
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QUOTE(roystevenung @ Nov 4 2013, 04:26 PM) When you receive your yearly statement from the insurance company, the life and critical illness portion can be exempted from tax up to a maximum of rm6, 000 including your portion of EPF. thanks for your info. I need to call my agent to give me more details. previously she suggest me to buy for saving but I can't take money if I emergency. As for the medical portion, you can lump it into the medical portion, up to a maximum of rm3, 000. See below for item 21 & 24. http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1 Item 23 max rm3, 000 is mostly into savings. It is an annuity plan or better known as Private Retirement Scheme.  |
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