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Wednesday, April 1, 2009

12/20 Way to slash individual TAXES


12) Pay your parents’ medical bills
You are able to claim up to RM 5000 for payments towards your parents’ medical bills.

Tax deduction :
RM 5000 per individual

For Mr A : By paying his parents’ medical bills , Mr A makes a saving of RM 1200 ( RM5000@ 24%)

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