Last Minute Income Tax Tips for 2016!

With so many things to think about when filing our income tax, it's no surprise that some of us wait until the last minute to do it. Luckily, we made a handy graphical guide, just for you!

Have you done your income taxes for this year yet? They're due pretty soon and there's quite a bit to figure out. But fret not, we've compiled an easy-to-read, super-digestible graphical guide to filing your income tax for 2016, including tips and tricks we've found that can save your some tax expenses. Read on!

Now you have pretty much everything you need to start filing your income tax like a boss. As we've stated in the graphic, you can check out more detailed information on tax brackets, rebates, reliefs, and much more in our in-depth article on how to file your income tax for the year of 2016. File responsibly!

0 comments

Agree or disagree with this post? Questions? You also have your word!

  • Wan Emdibi

    how is filing the tax jointly can save more? my wife is not working
    can anyone help to simulate this? thanks

    Reply
    • RinggitPlus

      Because you can claim for spousal relief. Tax year assessment of 2016 allows you to claim for this under joint assessment for RM4,000.

      Reply
    • gen4

      how is declaring tax together with non-working wife can save taxes? can anyone care to elaborate?
      thanks

      Reply
      • RinggitPlus

        Because you can claim for spousal relief. Tax year assessment of 2016 allows you to claim for this under joint assessment for RM4,000.

        Reply
      • gane

        i doing epf investment scheme can i claim it as well

        Reply
      • Irene

        Hi, in year 2017 , my gross income was rm 36000, epf Rm 3960 and perkeso was Rm 177. Gross income after epf and sosco was Rm 31863. Do I need to declare my income? It was below Rm 34000.

        After school I was working in Singapore, last year I decided to return and work in Malaysia. This is my first job in Malaysia.

        Reply
        • RinggitPlus

          Hi, Irene.

          Regardless of your income level, you still need to declare your total income. This is a responsibility of every employee under the Income Tax Act.

          Thanks for the question and we hope this help.

          Reply