6) Make charitable contributions
A gift of money to an approved charitable organisation entitles you to a tax deduction for the amount given.
From 2008 onward , this amount cannot exceed 7% of your aggregate income.
However Charitable donations that were made in 2007 are not subject to this limit.
Tax deduction :
Up to 7% of your aggregate taxable income can be reduced with this deduction.
For Mr A : With his taxable income of RM 90000 , Mr A can make a donation of RM 6300 .This deduction results in a saving of RM 1512 ( RM 6300@24%)
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