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life insurance reduce tax

income tax, insurance, life insurance, medical insurance, rebate

Some people do not think life insurance is necessary coz they feel that the money spent on insurance policy is a waste. Well, they may be right… to certain point if they are rich… but if you are rich, why so stingy… hahaha…

Anyway, life insurance is not only for protection… it is also a form of investment. There are many types of life insurance package out there… even for education. And one of the good thing of having insurance is for income tax rebate… yes, currently you can have up to RM5,000 tax rebate for life insurance and medical insurance… combined. So if you feels that your income tax was quite high for last year, you should try getting some life or medical insurance… who knows it helps you to get into the lower income tax bracket this year… 😀

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income tax… submitted :D

cheap life insurance, ehasil, income tax, insurance premium, insurance statement

Yeehaa… I just submitted my income tax at eHasil… lucky the internet line in good… else I’m in trouble coz the dateline is at 12.00 am tonight… today… barely 3 hours before the dateline… online submission dateline is 30 April 2010.

I actually filled my online income tax form a week ago… but because I have not received all my cheap life insurance statements… or probably I did received them but misplaced the statements… I have to postpone the submission…

Then I forgot all about my income tax until today… but today, I was also so busy with 4 tasks… which occupied my whole day… which made me forgot about my income tax again until I heard it on the prime time news. at 8.00 PM… And I still have got all my cheap life insurance statements…

So what did I do since I only have less than 4 hours before the dateline???

Well, I dig out my completed 2008 income tax forms… which is in PDF forms… and simply copy the amount of my cheap life insurance amount… should be OK since I pay the same amount of premiums every year… I think… 😛

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