TAX QUESTIONS? YOU ASK LAH!

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Q: My employer deducts RM100 per month from my salary for Private Retirement Scheme (PRS) contribution under my name, with an additional employer contribution of RM150 per month under employer’s name. How much tax relief am I eligible to claim for the PRS?

A: You are eligible to claim tax relief on the RM100 monthly contribution only. The monthly contribution made under the employer’s name is not eligible for tax relief.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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