Friday, January 2, 2009

1st 2009 good news

As reported in TheStar, employees will enjoy more goodies in the form of new tax exemptions for a host of things, as announced in the Budget 2009.

Taxpayers who receive petrol, parking and travelling allowances can now claim tax relief of up to RM6,000 a year.

Parents can also claim up to RM2,400 a year for childcare fees, while exemptions are also provided for telephone and handphone, pager, Personal Data Assistant (PDA) and Internet subscriptions.

Those claiming for medical benefits could also enjoy tax relief for maternity expenses and buying and seeking traditional medicines and services respectively. They include ayurvedic and acupuncture treatments.

The first sign of goodness in the beginning of 2009. For further details, click here to view the 2009 Budget.

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