Tuesday, December 23, 2008

Info: Tax reliefs for individuals before year ends.

In less than a month the year will come to end. If you have not use up your tax reliefs for 2008 you better act now to save your tax. Below is the tax reliefs for individuals (malaysian only), with applicable terms & conditions:-

1. RM1,000 for purchasing books, magazine, journal (except newspaper). If you dont read books then buy them as gift for others.

2. RM3,000 for computer purchase for every 3years only.

3. RM 300 for purchase of sports and exercise equipment such as all types of racquets and balls, treadmill, exercise bike and airwalker.
[ This is new to me ]

4. RM6,000 for both EPF & life insurance.

5. RM3,000 for education & medical insurance.

6. RM5,000 for medical checkup (RM500 max) & medical expenses to treat serious illness/disease for you, your spouse or kids. Both combined, limits to RM5,000.

7. RM5,000 for parents medical expenses includes (treatment, nursing & dental-subject to terms & condition).

8. RM5,000 for personal education (there is a limitation on type of education tho). Go upgrade yourself. Take advantage by paying the fees by 2008.

Act today to maximize your tax savings.

2 comments:

Unknown said...

Exercise bike are popular for people looking for an all over workout without filling the house with gym equipment. Exercise bikes are really simple to use, using a recumbent exercise bike in particular is dead easy and with regular use will give excellent results equal to those of a stair climber.

Unknown said...

The fitness equipment which seems to be most popular with many people is either multi gyms, dumb bells, bar bells, skipping ropes, rowing machines, treadmills, exercise bike , balance boards, Swiss balls, resistance bands and punch bags along with heart monitors and electronic counters.