Monday, April 30, 2007

Reduce Income Tax

A couple of ideas:
1. buy medical insurance or term insurance with critical illness. 60% of the premium paid entitles you to tax relief. Max relief is RM3,000. Why not pay some money upfront and get better insurance converage.

2. for the folks who contribute to their religion society, spend RM1,000 on religious books. Then give these books to the poorer family who can't afford them. In a way, you contribute to your religious society/church and also help spread the gospels to the poorer folks who want to read but can't afford.

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