income tax 08

pls note tat income tax for last yr is opening for filing from 1 march 08

if u have more than 22k income, filing is required.
this work out to be $1,850 of no bonus or $1,700 with 1 mth bonus.

wat to file? wat to claim

Employment Income + Interest income + Rental income

Less:

Course fees relief - for courses during the yr, cap @ 3.5k

CPF/provident Fund relief - 20% of ur salary, cap @ $4.5k X 17mth

Earned income relief - $1k for below age 55, $3k for 55-59

Foreign maid levy relief - MARRIED woman with child, cap @ $4,440

Grandparent caregiver relief - WORKING MARRIED woman with grandparent looking after ur kid @3k

Life Insurance relief - balance of CPF relief less than 5k or premium paid

Nsman(Self/wife/parent ) relief - self with ICT last yr $3k - $5k, w/o ICT $1.5k - $3.5k, Wife/ Parent $750

Working mother's child relief - FOR WORKING MOTHER ONLY, 1st child 5% of earned income

Disclaimer: My fig may be wrong...