Filing your income tax online through the Lembaga Hasil Dalam Negeri Malaysia (LHDN) website can be a daunting task, especially if you're doing it for the first time. The e-Filing process requires taxpayers to track and document their expenses throughout the year, making it a meticulous and time-consuming process.
To make things easier, here is a comprehensive guide to help you understand the various individual income tax reliefs available for resident taxpayers in 2024. These reliefs, provided by LHDN, can help reduce your taxable income, ultimately easing your financial burden.
Categories of Individual Income Tax Reliefs in 2024
There are four main categories of tax reliefs that you may be eligible for:
1. Individual Relief
Self and Dependents RM9,000
Spouse / Alimony to Former Wife RM4,000
Disabled Individual RM6,000
Disabled Spouse RM5,000
Self-Education Fees RM7,000
2. Lifestyle and Medical Relief
Medical Expenses for Self, Spouse, or Child RM10,000 (Includes fertility treatment)
Diagnosis & Treatment for Learning Disabilities RM4,000
COVID-19 Self-Test Kits and Full Medical Check-ups RM1,000
Vaccination Expenses RM1,000
Dental Check-up & Treatment (by Registered Dental Practitioners) RM1,000
Breastfeeding Equipment Purchase RM1,000
Basic Assistive Equipment for Self, Spouse, Child, Parents, or Disabled Individuals RM6,000
Lifestyle Expenses (Books, Gadgets, Internet Subscription, etc.) RM2,500
Additional Lifestyle Relief for Sports-Related Activities RM1,000
Medical Treatment and Parental Care for Special Needs RM8,000
3. Child Relief
Child Below 18 Years Old RM2,000
Unmarried Child Above 18 (Full-Time Student) RM2,000
Unmarried Child Above 18 (Studying in Higher Education Institution) RM8,000
Registered Childcare Centre / Kindergarten Fees RM3,000
Disabled Child RM6,000
Additional Relief for Disabled Child RM8,000
4. Contributions, Donations, and Other Reliefs
PERKESO / Employment Insurance Scheme (EIS) RM350
Retirement Scheme & Deferred Annuity RM3,000
SSPN Net Savings RM8,000
Life Insurance & EPF Contributions RM7,000
Education & Medical Insurance for Self, Spouse, or Child RM3,000
Installation, Rental, or Purchase of EV Charging Facilities for Personal Use RM2,500
Need More Information?
If you're looking for further details on income tax reliefs and how to maximize your claims, visit the official LHDN website or contact their helpline at 03-8911 1000. You can also visit the nearest LHDN branch for in-person assistance.
Understanding tax reliefs can help you make informed decisions and ease your tax-filing process. Make sure to keep track of your expenses and claim all eligible reliefs to optimize your tax benefits!
Source: SAYS
