Saturday

Budget 2010 highlights - Personal

The budget 2010 has some savings for individual. It proposed to reduce the maximu tax bracket to 26%. The personal relief is will be RM 9,000 and the EPF & Insurance relief be increased from RM 6,000 to RM 7,000 - from annuity scheme premium from insurance. Further, a tax relief of RM 500 be given for broadband subscription.

There will be a 5% capital gain tax for disposal of properties. Further, a RM 50 charges will be imposed for each credit card or debit card for principal and RM 25 for supplimentary card. Below is the link that you access for further details.

http://thestar.com.my/budget/attachment10.pdf

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