Monday, November 26, 2012

Extra Tax Relief for 2012

In the current economic situation, we must ensure that we claim our income tax relief to the maximum. So, I listed here just a few for you to work on before 31 December 2012!

1. EPF contribution
2. Private Retirement Scheme - you may ask me.
3. Children education saving - find out from Maybank. They are agent.
4. Medical allowances
5. Medical equipment for disabled child/parents/spouse
6. Insurance for some

For full details, make sure that you download the income tax explanation booklet from IRB website.

For those high income group, probably only items 3, 4 and 5 are applicable to you.


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