Individual Income Subject to Tax
👀 Salary,wages,bonus,director's fee,commission,allowance, perquisite (a thing that has served its primary use and is then given to a subordinate or employee as a customary right),gratuity,overtime payment,tips,compensation,ESOS,tax borne by employer and item paid in cash or convertable to cash.
👀 Benefits from employer such as car and hand phone
👀 Value of living accommodation provided by employer (VOLA)
👀 Employer's contributions for employee made to an unapproved pension provident fund
👀 Compensation for loss of employment
Monthly Tax Deduction
👀 Minimum monthly income after EPF deduction:
- Single = RM 2,851.00
- Married with unemployed spouse = RM 3,851.00
Personal Reliefs
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Type of Reliefs
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YA 2016
|
YA 2017
|
|
Self
|
9,000
|
9,000
|
|
Disabled (+ relief for self)
|
6,000
|
6,000
|
|
Spouse
|
4,000
|
4,000
|
|
Disabled (+ relief for spouse)
|
3,500
|
3,500
|
|
Child
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* per child below 18 years old
|
2,000
|
2,000
|
|
*per child over 18 years old @ diploma level
& above in Malaysia
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8,000
|
8,000
|
|
physically/mentally disabled child
|
6,000
|
6,000
|
|
physically/mentally disabled child over 18 years old *diploma level & above in Malaysia *degree level & above outside Malaysia
|
14,000
|
14,000
|
|
Life insurance & EPF
|
6,000*
|
6,000*
|
|
Private Retirement Scheme & Deferred annuity scheme premiums (YA
2012 to YA 2021)
|
3,000*
|
3,000*
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Insurance (education & medical)
|
3,000*
|
3,000*
|
|
Expenses on medical treatment,special need or carer expenses for
parents (with evidenced)
|
5,000
|
5,000
|
|
Parental Care (until YA2020) : father & mother (each)
|
1,500
|
1,500
|
|
SOCSO
|
250
|
250
|
|
Medical expenses for *self *spouse * child suffering a serious
disease
|
6,000
|
6,000
|
|
Purchase of sport equipment
|
300
|
-
|
|
Fee expended of study up to tertiary level
|
7,000
|
7,000
|
|
Purchase equipment for self,spouse,child & parent (disabled)
|
6,000
|
6,000
|
|
Purchase of item of enhancing knowledge
|
1,000
|
-
|
|
Purchase of personal computer(every 3 years)
|
3,000
|
-
|
|
Lifestyle *Item for the purpose of enhancing knowledge *computer,smartphone or
tablet *sport
equipment & gym memberships *internet subscription
|
-
|
2,500
|
|
Purchase of breastfeeding equipment
|
-
|
1,000
|
|
Fees paid to child center & kindergarten
|
-
|
1,000
|
|
Deposit SSPN for child
|
6,000
|
6,000
|
|
Housing loan interest for the purchase of one nit residential
property
|
10,000
|
10,000
|
|
|
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References
👀 http://www.hasil.gov.my/
👀 PWC/2016/2017 Malaysian Tax Booklet
*this is only my short review based on my reading,can view more detail on references I mention above 😊
Thanks 💓
by EKINZOL
