Wednesday, January 8, 2014

Income Tax 2013. Get RM2,000 tax relief ....

Tax relief of RM2,000 if given for Year of Assessment 2013 only for
- Resident of Malaysia
- Aggregate Income less than RM96,000 for year 2013.

How much Tax Saving?
Depends on your tax bracket, up to 24% x RM2,000  = RM480

What is Aggregate Income?
Generally, Business Income + Employment Income + Dividend (taxable) + Rental Income = Aggregate Income.

Click HERE for the Exemption Order.