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  • Budget 2013 Malaysia Highlights

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    Siva Raj
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    The Budget 2013 Malaysia highlights the following key points: 1) Rebates and discounts for Malaysians with monthly income below RM3,000, including a RM200 rebate for 3G smartphones, RM250 BR1M assistance, and 50% discount on KTM Komuter fares. 2) Reduction of individual income tax rates and increases to child tax relief and student book vouchers. 3) Incentives for PTPTN loan repayments and increases to the income limit for the My First Home scheme. 4) A 1.5 month bonus for public servants to be paid out over December 2012 and January 2013.

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    The Budget 2013 Malaysia highlights the following key points: 1) Rebates and discounts for Malaysians with monthly income below RM3,000, including a RM200 rebate for 3G smartphones, RM250 BR1M assistance, and 50% discount on KTM Komuter fares. 2) Reduction of individual income tax rates and increases to child tax relief and student book vouchers. 3) Incentives for PTPTN loan repayments and increases to the income limit for the My First Home scheme. 4) A 1.5 month bonus for public servants to be paid out over December 2012 and January 2013.

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    6 views2 pages

    Budget 2013 Malaysia Highlights

    Uploaded by

    Siva Raj
    The Budget 2013 Malaysia highlights the following key points: 1) Rebates and discounts for Malaysians with monthly income below RM3,000, including a RM200 rebate for 3G smartphones, RM250 BR1M assistance, and 50% discount on KTM Komuter fares. 2) Reduction of individual income tax rates and increases to child tax relief and student book vouchers. 3) Incentives for PTPTN loan repayments and increases to the income limit for the My First Home scheme. 4) A 1.5 month bonus for public servants to be paid out over December 2012 and January 2013.

    Copyright:

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    Budget 2013 Malaysia Highlights

    Check out the Budget Malaysia 2013 highlights announced today. 1) RM200 one-off rebate for purchase of 3G smartphone for persons aged from 21 to 30 with monthly income of RM3,000 or below. 2) BR1M: RM250 assistance money for single individual aged 21 and above with monthly income not more than RM2,000. 3) 50% discount on KTM Komuter fares extended to all Malaysians with a monthly income of RM3,000 and below and who travel by KTM Komuter. 4) Reduce sugar subsidy by 20 sen per kg from 29 Sept 2012. 5) Individual income tax rate to be reduced by 1 percentage point for the first RM50,000 of chargeable income. Child tax relief be increased from RM4,000 to RM6,000 per child for children aged 18 and above and receiving receiving fulltime tertiary education. 6) Book voucher of (Previously RM200) RM250 for students.

    7) PTPTN loans: Incentive repayment of full loan from 1 October 2012 until 30 September 2013, a discount of 20% will be given on their loan. Regular repayment gets a 10% discount. 8) My First Home Scheme income limit for individual loans raised from RM3,000 to RM5,000 per month. 9) Bonus of 1.5x month for public servants, Half month paid during 2012 Hari Raya. Remaining one month be paid in 50% in Dec 2012 and 50% in Jan 2013. Budget 2013 by /siva.raj.16121

    Read more: http://www.hokangtao.com/2012/09/budg et-2013-malaysiahighlights.html#ixzz27qKWkdgx

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