‘Address barriers faced by women rejoining the workforce’

KUALA LUMPUR: While Budget 2024 has several goodies to encourage women to remain in the workforce as well as to return to work, experts are saying the announcement fell far short of expectations.

Budget 2024 extends TalentCorp’s Career Comeback Tax Exemption programme until December 31, 2027, with the Prime Minister also recommending that the income tax exemption limit on childcare allowances received by employees or paid directly by employers to childcare centres be increased from RM2,400 to RM3,000 in order to reach the 60% female labour participation rate (FLPR).