When you invest in PRS until 2025, you have the opportunity to claim tax relief of up to RM 3,000. Depending on your tax bracket, this could translate into tax savings of as much as RM 900!
| Category | Chargeable Income (MYR) | Tax Bracket (%) | Tax Savings (MYR) |
|
A |
0 - 5,000 |
0 |
0 |
|
B |
5,001 - 20,000 |
1 |
30 |
|
C |
20,001 - 35,000 |
3 |
90 |
|
D |
35,001 - 50,000 |
6 |
180 |
|
E |
50,001 - 70,000 |
11 |
330 |
|
F |
70,001 - 100,000 |
19 |
570 |
|
G |
100,001 - 250,000 |
25 |
750 |
|
H |
250,001 - 400,000 |
25 |
750 |
|
I |
400,001 - 600,000 |
26 |
780 |
|
J |
600,001 - 1,000,000 |
28 |
840 |
|
K |
1,000,001 - 2,000,000 |
28 |
840 |
|
L |
More than 2,000,000 |
30 |
900 |