Base on my understanding
1. Rm 5000 medical expense for parents ,include dental treatment ,medical care and treatment provided by nursing house |
2. RM 1000 reading material such as book and magazine (excluding newspaper and other prohabit document) |
3. RM 3000 for purchase of computer (only applicable for 3 year once) |
4. Travel allowance (Fuel or toll) between home and office limited to RM 2400 |
5. Meal Allowance |
6.Telephone and mobile phone subscription and broadbank |
7.Medical expense exempted from tax to include expense on materity which subsidy by company..(How come my company don't have...:) |
8.obtain tax relief of up to RM10,000 per annum for three years in respect of the interest costs incurred on loans used to finance the acquisition of residential homes |
9. retrenched workers to defer repayment of their housing loans for one year. |
10 Child relief for max of RM 4000 provide each child to pursuit higher education in malaysia |
11. Insurance premiums for education or medical benefit (RM3000) |
12. Time to think fit' ..Purchase of sports equipment (RM300) |
13. Opt for separate assessment for husband and wife . If spouses income is less then rm 3000 , then only worth to consider a combined else both party can claim for rm 5000(max) |
14. If we are getting rental income for our property but also paying for higher marginal tax rate than your spouse , we may wish to transfer the property as gift to our spouse or child above age of 21 |
15. Opt to reduce salary by increase pay to EPF |
I extract those from the star , according to newspaper that we can email to
this sunday@thestar.com.my so that it can be address to a tax consultant .
Time to run and file my tax now...see ya...Good luck on e-filing.,If you know any other tips to let me know
so that i can add it inside
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