It's the time of the year that as a taxpayer needed to complete in filing their income tax. As you file your tax, you should make sure you know your tax relief for 2018.
If case if you are a noob, Tax reliefs are set by LHDN, where a taxpayer is able to deduct a certain amount for money expended in that assessment year, from the total annual income. These are for certain activities or behaviours that the government encourages or even necessities or burdens to lighten our financial loads.
For income tax Malaysia, tax reliefs can help reduce your chargeable income, and thus your taxes. If planned properly, you can save a significant amount of taxes.
You can refer to the table of lists of the income tax relief 2018 Malaysia:
Individual Relief Types
Amount
Self and dependent
RM9,000
Insurance & other policies
Life insurance and EPF including not through salary deduction
RM6,000
Deferred annuity and Private Retirement Scheme (PRS) – with effect from year assessment 2012 until year assessment 2021
RM3,000
Insurance premium for education or medical benefit including not through salary deduction
RM3,000
Contribution to the Social Security Organisation (SOCSO)
RM250
Applicable to certain taxpayers
Husband/Wife/Alimony payments
RM4,000
Medical expenses for parents
RM5,000
OR
OR
Parent
RM3,000
Limited 1,500 for only one mother
Limited 1,500 for only one father
Education fees (Individual)
RM7,000
(i) Other than a degree at Masters or Doctorate level for acquiring law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills of qualification;
(ii) Degree at Masters or Doctorate level for acquiring any skills or qualifications
Medical expenses for serious diseases for self, spouse or child
RM6,000
Complete medical examination for self, spouse or child
Lifestyle:
RM2,500
(i) Purchase of books, journals, magazine, printed newspaper and other similar publications (except banned reading materials) for self, spouse or child;
(ii) Purchase of a personal computer, smartphone or tablet for self, spouse or child;
(iii) Purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997 (excluding motorised two-wheel bicycles) and gym memberships for self, spouse or child; and
(iv) Payment of monthly bill for internet subscription
Purchase of breastfeeding equipment
RM1,000
Disabled individual
RM6,000
Disabled wife/husband
RM3,500
Basic supporting equipment (for disabled self, spouse, child or parent)
RM6,000
Applicable to tax paying parents
Ordinary child relief
RM2,000
Each unmarried child of 18 years and above who is receiving full-time education ("A-Level", certificate, matriculation or preparatory courses)
RM2,000
Each unmarried child of 18 years and above that is:
RM8,000/per child
(i) receiving further education in Malaysia for diploma or higher (excluding matriculation/preparatory courses)
(ii) receiving further education outside Malaysia for degree or its equivalent (including Master or Doctorate)
(iii) the instruction and educational establishment shall be approved by the relevant government authority
Disabled child
RM6,000/per child
Additional exemption of RM8,000 of disabled child aged 18 years old and above, not married and pursuing diplomas or above qualifications in Malaysia or bachelor degree or above outside of Malaysia in program and in Higher Education Institute that is accredited by related Government authorities
Net saving in SSPN's scheme (total deposit in year 2018 minus total withdrawal in year 2018)
RM6,000
Child care fees to a child care centre or a kindergarten
RM1,000
The deadline for filing income tax in Malaysia is 30 April 2019 for manual filing and 15 May 2019 via e-Filing. You can file your taxes on ezHASiL on the LHDN website .
source : https://www.imoney.my/articles/income-tax-guide-malaysia/tax-reliefs-for-year-of-assessment-2016
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