Personal Tax Relief 2024
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About Personal Tax Relief 2024
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Maximize Your 2024 Tax Savings - Here's Your Personal Tax Relief Summary!
**Any changes is subjected to LHDN's announcement** |
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Tax Relief for Individual & Spouse
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| (i) Education RM 7,000 |
- Education fee for tertiary level or postgraduate level
- Personal upskilling / self-enhancement course (Limit to RM2,000) [Extended to Year 2026]
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| (ii) Spouse / Alimony RM 4,000 |
- For spouse without income
- Alimony to former wife (Agreement needed)
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| (iii) Insurance |
- Life insurance (Individual & Spouse) RM 3,000
- SOCSO & EIS RM 350
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| (iv) Annuity RM 3,000 |
- Private Retirement Scheme (PRS) contributions and Deferred annuity scheme premium
- Extended to Year 2025
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| (v) EPF RM 4,000 |
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Tax Relief for Child
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| (i) Unmarried Child Relief |
- Child aged below 18: RM 2,000
- Child aged 18 and above with following condition: RM 8,000
- Receiving higher education, diploma and degree onward
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| (ii) Breastfeeding Equipment RM 1,000 |
- Limited to female taxpayers, and the child must be under 2 years old
- Can be claimed once every 2 years
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| (iii) Childcare or Preschool Education Fees RM 3,000 |
- Limited to children under 6 years old
- The childcare centres or kindergarten must be registered with the Department of Social Welfare (SWD) or the Ministry of Education (MOE)
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| (iii) Net Savings in SSPN's scheme RM 8,000 [Expended to Year 2024] |
- Net saving in National Education Saving Scheme (SSPN) for child
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Tax Relief for Parents
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| (i) Medical expenses for parents RM 8,000 |
- Including medical treatment expenses, special needs or carer expenses
- Complete medical examination (Limit to RM 1,000) [Budget 2024]
**Tax relief for parental care is not available now** |
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Tax Relief for Whole Family (Individual, spouse, and child)
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| (i) Lifestyle RM 2,500 |
- Books & Magazines
- Computer & smartphone
- Broadband
- Self skill enhancement courses
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| (ii) Education or medical insurance RM 3,000 |
- Insuraance premium for education or medical benefit
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| (iii) Sport Equipment RM 1,000 [Budget 2024] |
- Purchase of sports equipment, rental/entry fees for sports facilities & registration fees in sports competition
- Gymnasium membership fee
- Sports training fees charged by registered sports clubs / companies
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| (iv) Medical expenses on serious diseases RM 10,000 |
- Including:
- Cost of fertility treatment for married couples
- Complete medical examination (Limit to RM 1,000)
- Vaccination expenses (Limit to RM 1,000)
- Expenses for children with learning disabilities (Limit to RM 4,000)
- Autism
- Attention Deficit Hyperactivity Disorder (ADHD)
- Global Developmental Delay (GDD)
- Intellectual Disability
- Down Syndrome
- Specific Learning Disabilities
- Dental examination or treatment [Budget 2024]
- Dental practitioners registered with Malaysian Dental Council
- For self, spouse or child
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| (v) Expenses related to Electric Vehicle (EV) charging facilities RM 2,500 |
- Including installation, rental, hire-purchase of equipment or subscription fees [Extended to Year 2027]
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Tax Relief for Disabled Person
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| (i) Disabled Individual RM 6,000 |
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| (ii) Disabled Spouse RM 5,000 |
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| (iii) Disabled Child RM 6,000：For child aged under 18 |
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| (iv) Basic supporting equipment (For disabled individual, spouse, child or parent) RM 6,000 |
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| Contact us if you have any problems! |
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