14-03-2014, 11:23 AM
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Administrator
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Join Date: Jun 2009
Posts: 281
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Income Tax Calculator for YA2014
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14-03-2014, 05:33 PM
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How to save on income tax?
While we are on the topic of income tax, just want to do a survey of how you all save on tax (legally, and not evading tax). How I do it, and probably how many salaried workers did it, are:
a) contribute to own and parents / grandparents / siblings CPF account, with a cap of $14k;
b) contribute to SRS, with a cap of $12,750
c) parent relief (I claim $7k per parent as they live with me)
d) course fee relief (as I took an MBA and claimed the fees paid).
How do you save on taxes?
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