Budget 2024 Tax Slab Change. This publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practices. This booklet also incorporates in coloured italics the 2025 malaysian budget proposals based on the budget 2025 announcement on 18 october 2024.
This relief covers expenses related to self. The proposed hike in income tax exemption to โน 5 lakh could allow individuals earning up to โน 8.5 lakh annually to avoid paying income tax.