Tax Calculator 2024 (YA 2023)

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Tax Calculator 2024 (YA 2023)

2024-02-07 09:52| 来源: 网络整理| 查看: 265

Starting off would be the Malaysian individual tax relief. Every individual is entitled to RM9,000.00 tax relief. 

A household can claim RM4,000.00 tax relief for their non-working spouse. Households with children under the age of 18 years old can claim RM2,000.00 per child. There is also tax saving criteria of RM6,000.00 if the child is disabled (OKU). In addition, households with children above the age of 18 who are still receiving a full time education in a higher learning institution can claim tax relief of RM8,000.00. 

Additional personal tax relief is also given if a person is disabled or married to a disabled person. RM6,000.00 of additional personal tax relief if an individual is disabled and tax relief of RM3,500.00 if the spouse is disabled. 

Individuals who are financially supporting their retired parents above the age of 60, can claim tax relief of RM1,500.00. Parents must be Malaysian residents and earn under RM24,000.00 annually.



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