Key Tax Deductions
1. Gifts/Donations:
- Cash gifts to government, approved institutions, or funds. (Deduction limit: 10% of aggregate income)
- Specific items like artifacts, art, and manuscripts are eligible if valued by authorities.
- Donations for public facilities, healthcare, or sports activities may also qualify.
2. Personal Deductions:
- Self and Dependents: Flat RM9,000 deduction.
- Medical Expenses for Parents: Up to RM8,000 for their medical treatment, dental care, or caregiver fees.
- Medical Equipment for Disabilities: Up to RM6,000 for essential tools like wheelchairs or hearing aids.
- Education Fees: Up to RM7,000 for approved courses, including vocational and postgraduate studies.
- SSPN Savings: Up to RM8,000 for net savings under the National Education Savings Scheme.
3. Special Cases:
- Severe Illness & Fertility Treatments: Up to RM10,000 annually.
- Mental Health & COVID-19 Tests: Limited to RM1,000 yearly.
- Support for Learning Disabilities: Up to RM4,000 for children diagnosed with conditions like autism or ADHD.
4. Eligibility Notes:
- Only Malaysian residents can claim these deductions.
- Evidence (receipts/certificates) is mandatory for all claims.
To know more, refer here.