Insurance Tax Relief Calculator

A simplified calculator to calculate your life and medical insurance Malaysian tax relief.

 

Insurance Tax Relief Calculator Tips

3 Categories for Tax Relief:

  • Life insurance and EPF: limited to RM6,000
  • Deferred Annuity and PRS: limited to RM3,000
  • Education or medical benefit: limited to RM3,000

Note: Insurance payment premiums through salary deduction are also entitled

Tax relief calculation based on year of assessment 2017 tax relief and to maximize tax relief amount.

For Education/Life, 100% of premiums paid eligible for tax relief as education policy OR life policy.

For Medical/Life, 60% of premiums paid eligible for tax relief as medical policy OR 100% of premiums paid eligible for tax relief as life policy.

Accidental/ waiver riders premiums paid are not eligible for tax relief.

For information sharing purposes only. E&OE.

More info on Life Insurance and Tax Relief

 

View other financial calculators

MyPF.my