Income TAX 2010

As usual, u need to file in ur income tax by 30th April 2011.

I will update the excel file and you can email me to request the excel file.

Last year my daughter was born on 28/12/2010, do I entitle???

He he he.

Source: http://www.hasil.gov.my/goindex.php?lgv=2&chg=1


Tax Relief for Resident Individual
Year 2010
No.
Individual Relief Types
Amount (RM)
1
Self and Dependent
9,000
2
Medical expenses for parents
5,000 (Limited)
3
Basic supporting equipment
5,000 (Limited)
4
Disabled Individual
6,000
5
Education Fees (Individual)
5,000 (Limited)
6
Medical expenses for serious diseases
5,000 (Limited)
7
Complete medical examination
500 (Limited)
8
Purchase of books, journals, magazines and publications
1,000 (Limited)
9
Purchase of personal computer
3,000 (Limited)
10
Net saving in SSPN's scheme
3,000 (Limited)
11
Purchase of sport equipment for sport activities
300 (Limited)
12
Subscription fees for broadband registered in the name of the individual
500 (Limited)
13
Interest expended to finance purchase of residential property. Relief of up to RM10,000 a year for three consecutive years from the first year the interest is paid.
Subject to the following conditions:
(i) the taxpayer is a Malaysian citizen and a resident;
(ii) limited to one residential unit;
(iii) the sale and purchase agreement is signed between 10th March 2009
and 31st December 2010; and
(iv) the residential property is not rented out.
Where:
(a) 2 or more individuals are eligible to claim relief for the same property ; and
(b) total interest expended by those individuals exceeds the allowable amount for that year. Each individual is allowed an amount of relief for each year based on the following formula:
A x B
C
where;
A = total interest allowable in the relevant year;
B = total interest expended by the relevant individual in the relevant year;
C = total interest expended by all the individuals.
10,000 (Limited)
14
Husband/Wife/Alimony Payments
3,000 (Limited)
15
Disable Wife/Husband
3,500
16
Ordinary Child relief
1,000
17
Child age 18 years old and above, not married and receiving full-time tertiary education
1,000
18
Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities
4,000
19
Disabled child

Additional exemption of RM4,000 disable child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities
5,000
20
Life insurance dan EPF
6,000 (Limited)
21
Premium on new annuity scheme or additional premium paid on existing annuity scheme commencing payment from 01/01/2010 (amount exceeding RM1,000 can be claimed together with life insurance premium)
1,000 (Limited)
22
Insurance premium for education or medical benefit
3,000 (Limited)