Unlock Tax Savings: Your Ultimate Guide to Child-Related Deductions in Malaysia

1. Child Tax Deductions:

  • Employees can claim tax deductions for children under their care.
  • These deductions reduce the employee’s chargeable income and their Monthly Tax Deduction (PCB).
  • A “child” is defined as an “unmarried dependent legitimate child, stepchild, or adopted child.”
  • No deduction is allowed if the child has their own income exceeding the specified limit (excluding scholarships/grants).

2. Age-Based Deductions:

  • Children below 18 years old: An annual deduction of RM2,000 per child.
  • Children aged 18 and above (not in higher education): An annual deduction of RM2,000 for full-time education (e.g., A-levels, foundation).
  • Children aged 18 and above (in higher education):
    • Studying within Malaysia (diploma or higher): Claim RM8,000 annually.
    • Studying outside Malaysia (degree or higher): Also claim RM8,000 annually.

3. Disabled Children:

  • For each disabled child, claim RM6,000 annually (regardless of age).
  • If the disabled child is in higher education, claim RM14,000 annually.

4. Spousal Considerations:

  • If spouses are not separated, one spouse claims 100% of the tax deduction, while the other spouse cannot claim.
  • It’s advisable for the higher-income parent to claim child relief.
  • Spouses living together cannot claim 50% each.
  • Separated spouses contributing to the child’s maintenance can each claim 50%.

To gain additional information or seek any help, contact us at Zentrusted.

 

 

 

This content is for informational purposes only and does not constitute professional advice. Always refer to the official websites/guidelines/regulations of the relevant authorities for detailed information and consult with a professional for personalized guidance.

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