I am a pharmacist. In 2012, I took a professional exam. There were no classes involved. I bought the e-book for US$300 (RM906) online, which I will claim under Books. I also paid US$700 (RM2,115) exam fees. Is this fee tax deductible? Do I claim it under education?
According to Section 46(1)(f) of the Tax Act, a maximum of RM5,000 is deductible in respect of fees expended by the taxpayer on himself in any institution or professional body in Malaysia recognised by the Government or approved by the Finance Minister, as the case may be, for the following:
(i) on any course of study up to tertiary level, other than a degree at Masters or Doctorate level, undertaken for the purpose of acquiring law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications; or
(ii) any course of study for a degree at Masters or Doctorate level undertaken for the purpose of acquiring any skill or qualification.
Please check whether your course of study falls within the above to determine your fees are deductible under “Education Fees”.