Finance Minister Tengku Zafrul Abdul Aziz tabled Budget 2023 in the Dewan Rakyat on 7th October 2022. Some of the highlights include: Reduction in personal tax rate Taxable income Rate 50,001 to 70,000 13% to 11% 70,001 to 100,000 21% to 19% Women returning to work after career break Income tax exemption from 2023 until…
Tax Relief For Individuals Tax relief Current W.E.F Y/A 2021 Personal tax rate for chargeableincome range in between RM50,001 to RM70,000 14% 13% Medical treatment of serious illness(personal, spouse and child) Maximum RM6,000 Maximum RM8,000 Complete medical examination Maximum RM500 Maximum RM1,000 Parents’ medical expenses, special needs and parental care Maximum RM5,000 Maximum RM8,000 Vaccination…