Rebate for Income Tax

Salam,

This article may help for those are working in Malaysia and the basic salary is equal and greater than MYR2500. The Income Tax can be deducted if you have black-white prove if you used money for:-

1). Zakat
2). Children Education (university level)
3). Parent Medication
4). Children living cost
5). Charity
6). Books
6). etc (such as Laptop/desktop once time)

The rebate rate you can get from nearest LHDN branch. Description..

1). Zakat.



By show the "zakat pendapatan", "zakat kwsp (EPF)", "zakat wang simpanan", "zakat saham", "zakat emas&perak" and "zakat fitrah" receipts. Remember to keep the receipt after make the payment.

2). Children Education

For those who have children who studying in university level can request the rebate for education.

3). Parent Medication



The treatment fee and medicine bills for parent medication can be used as prove.

4). Children Living cost

For those who have children under 21 if study, if not study until 18 can request rebate for each persons. If not mistaken around MYR800 for each persons per year.

5). Charity



Charity to charity organization/society, orphan house, school and etc can request rebate base on donation.

6). Books



The bills slip for books can used to get rebate, the rebate base on how much you spend for books.


For further information related on Income Tax from LHDN, please refer to the nearest branch or gather information from official LHDN website.

Think.. Think.. Think..

Spend your money effectively, be smart. If your Income tax MYR3000 per year, try your best to spend your money for these lists. InsyaALLAH, it will benefits to ummah. Be generous if want to do good works. Thanks..

p/s: remember!! what you give you get back.. InsyaALLAH. Don't shock if one day your children will treat you same like you treat your parent. keep in mind.. WHAT YOU GIVE YOU GET BACK

How to get tools if you lack of money?? (Money Management)

Salam,

Last night I keep asking myself on how to get funding for my project!! Alhamdulillah recently i got the idea. By manage monthly salary to few parts:-

1). 25% for my mother
2). 12% for EPF
3). 42% for investment
4). 21% for myself

The percentage not include deduction for SOCSO and extra allowance have for phone bill. The priority still keep to get married first :) InsyaALLAH

Last week I found one website that organized by PZS (Pusat Zakat Selangor). This website contains web application that function to calculate Zakat Pendapatan, Zakat Perniagaan, Zakat Wang Simpanan, Zakat KWSP, Zakat Saham and Zakat Emas & Perak. 2.5% deduction for "Zakat" is not higher. Besides that you can use the Zakat's bills to get discount for Income Tax. I remind myself and you guys to pay "Zakat" that benefits to improve poor family lifestyle.

p/s: keep in mind that in "akhirat" we will asking with questions "What is your contributions for Ummah?"