27 rows However with the self dependent tax relief of RM9000 life insurance EPF relief at RM6000 his total chargeable income is now RM69300 hence he would only be taxed about 8 of his chargeable income.

Personal accident insurance tax relief malaysia. Claim 60 of your life insurance premium under medical insurance tax relief. Example 2 Suhaimi and his wife Juriah were resident in Malaysia for the basis year 2004. Upon disability due to an accident an amount of up to total Accidental Sum Assured is payable depending on the percentage as written in the Table of Benefits.

The policy must be for coverage of 12 months or more. An amount of 10 of the Accidental Sum Assured or RM 2000 whichever is lower is payable to the beneficiary for funeral and cremation expenses. Medical expenses for parents.

Both standalone policies and riders qualify but if. Amount RM 1. Chubbs Individual Personal Accident Insurance is designed to protect you when such unexpected incidents happen.

Other than the above three common tax reliefs there are many other reliefs tax payers in Malaysia can maximise. For Year of Assessment 2017 there are some new personal tax reliefs which you should take note of. Companies are not entitled to reliefs and rebates.

Click here to check out the full list of activities that are covered under Weekend Warrior. Accidents can happen anytime be it when youre at work or play while moving from place to place travelling abroad or even at home. Takes care of the financial implications should your circumstances change after an accident.

5000 Limited 3. Financial assistance against losses and injuries due to crime. 19 rows The following personal reliefs can also be deducted in arriving at chargeable income of the resident individual for YA 2021.