Dec 27, 2009

Reminder for Malaysian Tax Payer 2009

Year end is approaching. Just a few more days we'll step into 2010. One of the checklist, you should complete your spending or expenditure related to your taxes. Otherwise, you have to pay more tax. Why not you spend for yourself and your family. Below is the list. Anything that is insufficient, you still have time to do so (few more days); buy books, donate to charity, buy PC etc.


Individual Tax Exemption for 2009

No.

Individual Relief Types

Amount (RM)

1

Self and Dependent

8,000

2

Medical expenses for parents

5,000 (Limited)

3

Basic supporting equipment

5,000 (Limited)

4

Disabled Individual

6,000

5

Education Fees (Individual)

5,000 (Limited)

6

Medical expenses for serious diseases

5,000 (Limited)

7

Complete medical examination

500 (Limited)

8

Purchase of books, journals and magazines

1,000 (Limited)

9

Purchase of personal computer

3,000 (Limited)

10

Net saving in SSPN's scheme

3,000 (Limited)

11

Purchase of sport equipment for sport activities

300 (Limited)

12

Husband/Wife/Alimony Payments

3,000 (Limited)

13

Disable Wife/Husband

3,500

14

Ordinary Child relief

1,000

15

Child age 18 years old and above, not married and receiving full-time tertiary education

1,000

16

Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities

4,000

17

Disabled child

Additional exemption of RM4,000 disable child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities

5,000

18

Life insurance dan EPF

6,000 (Limited)

19

Insurance premium for education or medical benefit

3,000 (Limited)

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