8/20 Way to slash individual TAXES

8) Read , Read , Read
Starting from YA 2007 , taxpayers can claim a personal tax deduction to RM 1000 for purchase of books, journals , magazines and other publications.

To maximise this generous deduction , consider giving books as gifts.

Tax Deduction : RM 1000 per individual

For Mr A : With book purchases of RM 1000 Mr A saves RM 240 ( RM 1000@24%)