PETALING JAYA: Increases in reliefs under Budget 2016 can amount to significant tax savings for single-income middle-class families, says former Inland Revenue Board senior assistant director Yong Poh Chye (pic).
Yong said these increases – for a spouse who is not working (RM4,000, from RM3,000), child below 18 (RM2,000, from 1,000) and child above 18 in tertiary education (RM8,000, from 6,000) – totalled RM4,000.
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