Web(viii) Insurance premiums which are obligatory for foreign workers in lieu of contributions to SOCSO. Section 13(1)(b) Provided / Employed by Employer Part 5: Section 13(1)(b) (benefit in kind not convertible to money provided by employer) Tax exemption is given on benefits-in-kind received by employees from employers as follows: Note: In ... WebGo to “Individuals” > “File Income Tax Return”. Select “Edit My Tax Form”. Go to “4. Deductions, Reliefs and Parenthood Tax Rebate”. Go to “Life Insurance”. Click “Update” and enter your claim. No. If the relief has been allowed to you last year, the amount will be pre-filled and granted to you automatically this year.
Income tax exemptions for employers and employees under the ERP
WebApr 3, 2024 · These are the types of personal reliefs you can claim for the Year of Assessment 2024: Individual Relief Types. Amount. Self and dependent relatives. RM9,000. Expenses on charging facilities for Electric Vehicle (Not for business use) RM2,500. Insurance & other policies. Life insurance and EPF including not through salary deduction. WebEffective from 1 June 2016, the Employees’ Social Security Act, 1969 states that all Malaysian and permanent resident employees must contribute to SOCSO. With effect … dr lamija duranovic
Budget 2024: EPF voluntary contribution limit increases to …
WebWages subject to SOCSO contribution: All renumeration or wages stated below and payable to staff/workers are subject to SOCSO contributions: Salary / Wages (full/part time, … WebOct 29, 2024 · With this increase, he said the government plans on increasing the insured salary ceiling from RM4,000 to RM5,000 to improve social security coverage for nine … WebMar 29, 2024 · Parents can claim tax relief of RM2,000 to RM8,000 for each unmarried child of 18 years and above who receives full-time ... Employees who contribute Socso can claim relief of up to RM350 ... dr lama nj