We know that yesterday you were all stressed out with the whole complicating process of filing your taxes.
If you’re still stressed out, we heard that lavender helps. Maybe you can try that out.
Or, you could also have a nice cup of chamomile tea.
Anyway, today we get to the less stressful and more fun topic, what you claim from income tax relief.
Here’s the list:
1. Individual and dependent relatives
2. Medical treatment, special needs and carer expenses for parents (Medical condition certified by medical practitioner)
3. Basic supporting equipment for disabled self, spouse, child or parent
4. Disabled individual
5. Education fees (Self)
Other than a degree at masters or doctorate level - Course of study in law, accounting, islamic financing, technical, vocational, industrial, scientific or technology
Degree at masters or doctorate level - Any course of study
6. Medical expenses for serious diseases for self, spouse or child
7. Medical expenses for fertility treatment for self or spouse
8. Complete medical examination for self, spouse, child (Restricted to 500)
9. Lifestyle – Expenses for the use / benefit of self, spouse or child in respect of:
• purchase of books / journals / magazines / printed newspapers / other similar publications (Not banned reading materials)
• purchase of personal computer, smartphone or tablet (Not for business use)
• purchase of sports equipment for sports activity defined under the Sports Development Act 1997 and payment of gym membership
• payment of monthly bill for internet subscription (Under own name)
10. Lifestyle – Purchase of personal computer, smartphone or tablet for self, spouse or child and not for business use
11. Purchase of breastfeeding equipment for own use for a child aged 2 years and below (Deduction allowed once in every 2 years of assessment)
12. Child care fees to a registered child care centre / kindergarten for a child aged 6 years and below
13. Net deposit in Skim Simpanan Pendidikan Nasional (Total deposit in 2020 MINUS total withdrawal in 2020)
14. Husband / wife / payment of alimony to former wife
15. Disabled husband / wife
16. Each unmarried child and under the age of 18 years old
17. Each unmarried child of 18 years and above who is receiving full-time education ("A-Level", certificate, matriculation or preparatory courses).
18. Each unmarried child of 18 years and above that:
• receiving further education in Malaysia in respect of an award of diploma or higher (excluding matriculation/ preparatory courses).
• receiving further education outside Malaysia in respect of an award of degree or its equivalent (including Master or Doctorate).
• the instruction and educational establishment shall be approved by the relevant government authority.
19. Disabled child
20. Life insurance and EPF INCLUDING not through salary deduction
Pensionable public servant category
• Life insurance premium
OTHER than pensionable public servant category
• Life insurance premium
• Contribution to EPF / approved scheme
21. Deferred Annuity and Private Retirement Scheme (PRS) - with effect from year assessment 2012 until year assessment 2021
22. Education and medical insurance (INCLUDING not through salary deduction)
23. Contribution to the Social Security Organization (SOCSO)
24. Payment for accommodation at premises registered with the Commissioner of Tourism and entrance fee to a tourist attraction