Tax Relief And You (Part 2)
- Loh Boon How CA(M), ATII
- Apr 8, 2018
- 2 min read
Introduction
The personal tax submission deadline for non business tax payer will be on or before 30 April, meanwhile, for those who with business taxpayer are reminder to submit their tax return on or before 30 June.
A) Spouse
Spouse (Husband / Wife) Relief
If the spouse who has not income and elect to combine assessment with his / her's spouse will enjoy a relief of RM4,000.00, further more, if a disabled spouse will be further deduct RM3,500.00. The supportive equipment such as wheel chair, hearing aids entitled a relief max RM6,000.00.
Breastfeeding Equipment
With effect from YA 2017, in order to eliminate the family burden, those working mother with a child up to 2 years old can claim a max RM1,000.00 such a relief to claim for once in every two years.
B) Child
Normal Child Relief
Every child who are below 18 years old and receive full time study in secondary school is eligible to claim RM2,000.00 for each child. Meanwhile, if the child who are above 18 years old and receive tertiary education whether in Malaysia or oversea will be entitled a relief RM8,000.00 for each child.
Normal Child Relief
Every unmarried disable child will be entitle a relief of RM6,000.00 and if the disabled child who pursuing tertiary education will be entitle to RM8,000.00.
Childcare Centre And Kindergarten
With effect from YA 2017, If the taxpayer who send their children to any child care or kindergarten registered under the Department Of Social or the Ministry Of Education, either parent can claim for max RM1,000.00.
C) Both Spouse And Children
Medical expenses
If the spouse and child who have been infected with chronic diseases such as : heart attack, liver failure, kidney failure, cancer and other diseases, the medical fee will be deducted max RM6,000.00 inclusive an amount of max RM500.00 as medical examination expenses.
D) Parents
Parents medical Treatment And Care
If the tax payer who has incurred medical fee to parents, this expenses was extend to care for parents. This service is provide to parent who suffer from diseases, physical or mentally disabilities and certified by qualified medical doctor. The taxpayer can claim a relief max RM5,000.00.
Parental Care
This relief to relieve the burden of taxpayer by given to a father and a mother RM1,500.00 respectively. This relief was excluded relief for medical treatment and care. The parent also should 60 years old and above and the annual income not exceeding RM24,000 per annum for each parent.
Conclusion
By looking at the glance of tax reliefs available, it definitely help the tax payer minimise their tax liability substantially.
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