Custom Search

Wednesday, April 1, 2009

13/20 Way to slash individual TAXES


13) Medical
Claim a deduction of up to RM 500 per tax year for a full medical examination and RM 5000 for medical expenses for yourself, spouse or child for serious disease.

If you have also spent money on full medical in the same year, your claim will be reduce the RM5000 available for serious disease.

A separate tax reduction of up to RM5000 a year is given for necessary basic supporting equipment for disabilities suffered by yourself ,spouse, children or parent

Tax Deduction :
RM 500 per individual for full medical check-up.
RM5000 for serious diseases or basic supporting equipment

For Mr A : He claimed for a full medical check-up .The deduction give him of RM 120 ( RM 500@24%)

No comments: