24/12/2019
In the 2019 schedule, it includes an increase in the yearly deduction amount to RM7,000 for life insurance premiums and contributions to the employees provident fund (EPF), from RM6,000 in the previous year of assessment.
KUALA LUMPUR (Dec 24): The Inland Revenue Board (IRB) has increased the yearly deduction amount for life insurance premiums and contributions to the employees provident fund (EPF) for the 2019 year of assessment for tax relief of resident individuals. The edgemarkets.com recently reported that the I...