Personal Relief

There are a few computations needed to be made before one can reach to chargeable income. The sequence is as follows:

1) Gross Income
2) Adjusted Income
3) Statutory Income
4) Aggregate Income
5) Total Income
6) Chargeable Income

Chargeable income is calculated by deducting personal relief from total income. Shown below is a list consisting of a few types of individual relief and its amount:

1) Self and Dependent - RM 9000
2) Medical expenses for parents - RM 5000 (Limited)
3) Basic supporting equipment - RM 5000 (Limited)
4) Disabled Individual - RM 6000
5) Education Fees (Individual) - RM 5000 (Limited)
6) Medical Expenses for serious diseases - RM 5000 (Limited)
7) Complete medical examination - RM 500 (Limited)
8) Purchase of books, journals and magazines - RM 1000 (Limited)
9) Purchase of personal computer - RM 3000 (Limited)

The list above is only partially from the list of tax relief for Resident Individual 2010. The information is obtained from official website of Inland Revenue Board of Malaysia. For more information, please visit http://www.hasil.gov.my.