1) Save for your Child’s Education
Since 2007 , any amount that is deposited into a savings account for your child under national Education Savinds Scheme ( Skim Simpanan Pendidikan Nasional ) allows you to claim tax deductions.
Thers is a limit of RM 3000 for this deduction but spouse who file separate tax returns can each claim this amount .
Tax Deduction : RM 3000 per individual
For Mr A : As he falls in the 24% tax bracket , this deduction translates to a tax saving of RM 720 ( RM 3000@24%)
Posts
No comments:
Post a Comment