tax relief 2013

Tax Relief for Resident Individual
Year 2010, 2011 & 2012
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 (once in every 3 years)
3,000 (Limited)
10
Net saving in SSPN's scheme
3,000 (Limited)
11
Net saving in SSPN's scheme (with effect from year assessment 2012 until year assessment 2017)
6,000 (Limited)
12
Purchase of sport equipment for sport activities
300 (Limited)
13
Subscription fees for broadband registered in the name of the individual
500 (Limited)
14
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)
15
Husband/Wife/Alimony Payments
3,000 (Limited)
16
Disable Wife/Husband
3,500
17
Ordinary Child relief
1,000