Assalam and Hi everyone! Happy weekend to you, and yes, Happy New Year! Well, I'm sure many of you are declaring for income tax rite? So following are some of the personal tax relief for the upcoming YA 2017 personal income tax return submission. Here you go! 1. Self and Dependent - RM 9,000 2. Medical expenses/special needs and care expenses for parents - RM 5,000 (Limited) OR Deduction on Parent RM 3,000 (Limited) - Limited RM 1,500 for only one mother - Limited RM 1,500 for only one father The special deduction on parent has been implemented since YA 2016. Some things to be care on: - Subject to criteria under Section 46(1)(o) of the ITA 1967: (o) an amount of one thousand five hundred ringgit ( RM1,500) for each of the parent of that individual — (i) who is a resident and, at any time in that basis year, aged sixty years and above ( must be 60 years & ++ ) ; and (ii) whose annual income does ...
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