It's that time of the year again, not Christmas- INCOME TAX SEASON! According to the Inland Revenue Board (IRB), Individual and non-individual taxpayers can submit their Tax Return Form (BN) for the Year of Assessment 2022 through e-Filing starting from Mar 1, 2023. Here’s a list of 2022 Personal Income Tax Relief you need to know before filing your tax:
|
Individual Relief Types |
Amount (RM) |
|
Individual and dependent relatives |
9,000 |
|
Medical treatment, special needs and carer expenses for parents (Applicable only to medical conditions certified by a medical practitioner) |
8,000 |
|
Purchase of basic supporting equipment for disabled self, spouse, child, or parent |
6,000 |
|
Education fees (Self):
|
7,000 |
|
Medical expenses on:
|
8,000 |
|
Expenses (Restricted to RM1,000) on:
|
|
|
Lifestyle:
|
2,500 |
|
Lifestyle: Additional relief for the use/benefit of self, spouse, or child in respect of:
|
500 |
|
Lifestyle: Purchase of personal computer, smartphone, or tablet for own use/benefit or for spouse or child and not for business use |
2,500 |
|
Purchase of breastfeeding equipment for own use for a child aged 2 years and below (Deduction allowed once in every TWO (2) years of assessment) |
1,000 |
|
Child care fees to a registered child care center/kindergarten for a child aged 6 years and below |
3,000 |
|
Net deposit in Skim Simpanan Pendidikan Nasional (Net deposit is the total deposit in 2022 MINUS total withdrawal in 2022) |
8,000 |
|
Payment of alimony to former wife |
4,000 |
|
Disabled husband/wife |
5,000 |
|
Each unmarried child and under the age of 18 years old |
2,000 |
|
Each unmarried child of 18 years and above who is receiving full-time education ("A-Level", certificate, matriculation, or preparatory courses). |
2,000 |
|
Each unmarried child of 18 years and above that:
The educational establishment shall be approved by the relevant government authority. |
8,000 |
|
Disabled child |
6,000 |
|
Additional exemption of RM8,000 for 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 the program and in Higher Education Institute that is accredited by related Government authorities |
8,000 |
|
Life insurance and EPF
|
7,000 |
|
Deferred Annuity and Private Retirement Scheme (PRS) |
3,000 |
|
Education and medical insurance |
3,000 |
|
Contribution to the Social Security Organization (SOCSO) |
350 |
|
Domestic tourism expenses |
1,000 |
|
Expenses on charging facilities for Electric Vehicle (Not for business use) |
2,500 |
Make sure you have all receipts and proof of payments before you claim any of these reliefs to prepare yourself for a possible audit by tax authorities. You are also required to keep any supporting documents regarding your tax returns for up to seven years.
Finally, do not wait till the last few hours to file it as mistakes are prone to happen and the earlier you file your taxes the sooner you’ll receive tax returns (if any)!
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