In about a month and a half, we are required to submit our income tax assessment and pay up in income tax. Did you do enough last year to ensure you maximise tax exemptions and hence save and pay less income tax?
Here are some tips shared by the experts on what we can do to pay less income tax. If you are just learning some of these income tax tips, start putting some of these advise to use this year for next year’s tax assessment.
You can read in detail directly from here and here of The Star’s recent articles from experts on how they feel about the taxation system as well as some pointers to maximise your income tax savings. Some ways are smarter than others, and if you have been constantly using some of the allowed tax exemption items, good for you to be taking advantage of them.
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