Life Insurance Dan Epf Including Not Through Salary Deduction

Other than pensionable public servant category life insurance premium restricted to rm3 000 contribution to epf approved scheme restricted to rm4 000 7 000 restricted 19.

Life insurance dan epf including not through salary deduction. Pensionable public servant category life insurance premium ii. Insurance premium for education or medical benefit including not through salary deduction. Up to rm3 000 for life insurance and up to rm4 000 for epf. In the case of huf on the life of any member of huf.

Life insurance and epf including not through salary deduction up to rm7 000 limited working adults who are making epf contributions should pay attention to this tax relief item as you can claim up to a whopping rm4 000 for epf and rm3 000 for life insurance or takaful. Other than life insurance the premium you are paying for medical and education can also be claimed. Epf contributions tax relief up to rm4 000 this is already taken into consideration by the salary calculator life insurance premiums and takaful relief up to rm3 000 national education savings scheme sspn relief up to rm8 000. In the case of huf on the life of any member of huf.

Examples of allowable deduction are. F16 life insurance and provident fund limited to rm6 000. Life insurance and epf including not through salary deduction pensionable public servant category life insurance premium. Life insurance and epf including not through salary deduction i.

Insurance premium for education or medical benefit including not through salary deduction. If your medical insurance is attached to your life insurance policy you can claim up to 100 of your total premium paid under the life insurance and epf category or up to 60 of your total premium paid under the medical benefit category. Life insurance premium paid by an individual spouse and child. Other than pensionable public servant category life insurance premium restricted to rm3 000 contribution to epf approved scheme restricted to rm4 000 7 000 restricted.

The life insurance association of malaysia liam welcomes the tax relief on the separation of epf and the life insurance takaful as proposed by the government. Public provident fund paid by an individual spouse and child. This part consists of both monthly epf contribution and life insurance premium paid. Add that up with the epf contributions you made throughout the year the total amount is claimable up till rm6 000.

Deferred annuity and private retirement scheme prs with effect from year assessment 2012 until year assessment 2021.