Every year, during tax season, the government announces tax reliefs to allow the people to reduce their chargeable income, which in turn can help reduce the amount of tax you have to pay.
Well, look no further for here is the list of tax reliefs from 2023 for you to benefit this year!
1 |
Individual and dependent relatives |
RM9,000 |
2 |
Medical treatment, special needs and caregiver expenses for parents (Medical condition certified by medical practitioner) |
RM8,000 (Restricted) |
3 |
Purchase of basic supporting equipment for disabled self, spouse, child or parent |
RM6,000 (Restricted) |
4 |
Disabled individual |
RM6,000 |
5 |
Education fees (Self):
|
RM7,000 (Restricted) |
6 |
Medical expenses on:
|
RM10,000 (Restricted)
|
7 |
Expenses (Restricted to RM1,000) on:
|
|
8 |
Expenses (Restricted to RM4,000) for child aged 18 and below:
|
|
9 |
Lifestyle – Expenses for the use/benefit of self, spouse or child in respect of:
|
RM2,500 (Restricted) |
10 |
Lifestyle – Additional relief for the use/benefit of self, spouse or child in respect of:
|
RM500 (Restricted) |
11 |
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) |
RM1,000 (Restricted) |
12 |
Child care fees to a registered child care centre/kindergarten for a child aged 6 years and below |
RM3,000 (Restricted) |
13 |
Net deposit in Skim Simpanan Pendidikan Nasional (Net deposit is the total deposit in 2023 MINUS total withdrawal in 2023) |
RM8,000 (Restricted) |
14 |
Husband/wife/payment of alimony to former wife |
RM4,000 (Restricted) |
15 |
Disabled husband/wife |
RM5,000 |
16a |
Each unmarried child and under the age of 18-years-old |
RM2,000 |
16b |
Each unmarried child of 18 years and above who is receiving full-time education (“A-Level”, certificate, matriculation or preparatory courses). |
RM2,000 |
Each unmarried child of 18 years and above that:
|
RM8,000 |
|
16c |
Disabled child |
RM6,000 |
Additional exemption of RM8,000 disabled child age 18-years-old and above, not married and pursuing diplomas or above qualification in Malaysia, such as Bachelor Degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities | RM8,000 | |
17 |
Life insurance and EPF Civil servants’ pension schemes, non-civil servants pension schemes and self-employed category:
|
RM7,000 (Restricted) |
18 |
Deferred Annuity and Private Retirement Scheme (PRS) |
RM3,000 (Restricted) |
19 |
Education and medical insurance |
RM3,000 (Restricted) |
20 |
Contribution to the Social Security Organization (SOCSO) |
RM350 (Restricted) |
21 |
Expenses on charging facilities for Electric Vehicle (Not for business use) |
RM2,500 (Restricted) |
If it’s your first time filing taxes, you can check out this quick guide here on the steps to do so.
Happy filing and stay tuned for more updates!
Also read: “T20 wants to go shopping 1st” – M’sians Outraged by Delay in High-Value Goods Tax