4/20 Way to slash individual TAXES

4) Change your cash remuneration to cash reimbursement
Fixed allowances given by your employer each month for entertainment and housing or parking fees are taxable at your tax bracket.
Change this to a “ reimbursement “ based on receipt and you are not taxed on the amount received.

Tax Deduction :
The deductible amount from your taxable income is dependent on the arrangement between you and your employer

For Mr A : By Changing a yearly fixed allowance of RM 6000 to a reimbursement of the same amount and supported by receipts , Mr A makes a tax saving of RM1440 ( RM 6000@24%)