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Tax Relief for Resident Individual (YA 2019) - Part 2

24/3/2020

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Picture
No.
Type of Individual Relief
Amount (RM)
9
Deferred Annuity and Private Retirement Scheme
3,000 (restricted)
10
Premium paid on education and medical insurance
3,000 (restricted)
11
Education fees (tax payer):
- Any course of study for degree at masters or doctorate level
- Course of study in law, accounting, islamic financing, technical, vocational, industrial, scientific or technology for other than degree at masters or doctorate level
7,000


​
12
Net deposit placed in Skim Simpanan Pendidikan Nasional for taxpayer's child during the year
8,000 (restricted)
​
13
Contribution to the Social Security Organization (SOCSO) Scheme
250 (restricted)
14
Lifestyle relief:
- Purchase of books, journals, magazines , printed newspapers and other similar publications (excluding  banned publications)
-  Purchase of sports equipment for sports activities as defined under the Sports Development Act 1997
- Payment of gym membership
- Purchase of computer, smartphone or tablet (not for business used) 
- Payment of monthly bill for internet subscriptions (under own name)
2,500 (restricted)





​
15
Purchase of breastfeeding equipment for own use for a child aged 2 years and below
(Deduction is allowed once in every 2 years of assessment)
1,000 (restricted)
​
16
Fees paid to registered child care center/ kindergarten for a child aged 6 years and below
1,000 (restricted)
​
17
Life insurance and EPF including not through salary deduction 
- Pensionable public servant category
          - Life insurance premium
- Other than pensionable public servant category
          - Life insurance premium (restricted to RM3,000)
          - Contribution to EPF or approved scheme                                                       (restricted to RM4,000)
7,000 (restricted)

​


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Photo credit : www.needpix.com/photo/180412/men-individual-group-community-black-red-odd-man-out-figures-singled-out
Source: 2020 Budget Commentary and Tax Information

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