Tomorrow is the deadline for tax filing. I just filed mine... Maximising all reliefs that are relevant now that we have 2 kids.
Noted the following as i moved along the form...
Its Great that the govt is allowing wife and parents to claim for ns men relief but note if you are a parent with 2 or more sons who are all NSmen the maximum NSman Parent Relief is capped at 750 (relief of 1 headcount) Sad huh? 750 is already a low figure to begin with and insignificant against a typical individual drawing an annual income of 5 digit. Little is being considered for Singaporean parents who potentially contributed more to the security of the country by supporting the conscription of their husband and sons as clearly tax reliefs are not a lot to give by the govt and with less than ideal no. of locals to support the economy and protect the nation i feel it will be the least that the govt could help incentivise the parents.
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