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    Individual Income Tax Exemption Tips

    By admin | April 20, 2011

    Hi reader,

    The income tax payment deadline is just around the corner which is on 30th April 2010. You may use the income tax tutorial to complete this process.

    Free E-filing Tutorial | Panduan E-Hasil

    About the income tax exemption tips, you can even waive your tax of the year. But how? Let’s checkout!!

    Income Tax Exemption Tips | Tips Pelepasan Cukai Pendapatan

    1. Insurance purchase/education takaful – waive RM3000.

    2. Fail tax separately for them who are married – RM8000 exemption for each individual.

    3. Request employer to increase your EPF/KWSP contribution.

    4. Change benefits from employer to cash reimbursement. i.e vehicle allowance changed to claim basis and get your receipt. (Discuss with your employer).

    5. Donate to welfare organizations.

    6. Further your postgraduate.

    7. Buy books,magazines and journal – RM1000 tax exemption per person.

    8. Buy sport equipment – RM300 tax exemption.

    9. Buy lifetime insurance/family takaful – RM6000 tax exemption, separately counted from education takaful and good for people whom don’t have KWSP.

    10. Pay parents medical expenses – RM5000 tax exemption.

    11. Do medical check up – RM500 tax exemption if need any support equipment i.e wheel chair – RM5000 tax exemption.

    11. Pay zakat fitrah or zakat pendapatan

    12. Buy computer – RM3000 tax exemption (only 3 years once)

    13.  Buy property valued RM250k & below – RM2000 tax exemption

    Hope this tips will help you out.

     

     

     

     

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    Topics: Info | 4 Comments »

    4 Responses to “Individual Income Tax Exemption Tips”

    1. E-filing E-hasil Cukai Pendapatan 2010 | Gvishnu.Com Says:
      April 20th, 2011 at 9:56 am

      [...] Individual Income Tax Exemption Tips [...]

    2. Tutorial E-Filing Panduan E-Hasil | Gvishnu.Com Says:
      April 20th, 2011 at 9:58 am

      [...] Individual Income Tax Exemption Tips [...]

    3. ken Says:
      April 21st, 2011 at 7:59 pm

      this sucks.. :P
      ken´s last blog ..1Malaysia E-mail Project PreviewMy ComLuv Profile

      [Reply]

    4. ken Says:
      April 21st, 2011 at 7:59 pm

      paying tax i mean :)
      ken´s last blog ..1Malaysia E-mail Project PreviewMy ComLuv Profile

      [Reply]

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