Asked 3w ago
Will it reflect next year income tax? Do i have to manually filed the tax relief or system auto?
For Year of Assessment 2020, the assessment is for income earned from 1 Jan 2019 to 31 Dec 2019.
Thus if you topped up in Jan 2020, you will have to wait till around Mar 2021 to see it reflected when you are filing your taxes/reliefs.
CPF board will automatically send the information to IRAS.
Yes it should be reflected
Check that you don't exceed the cap of 80k in income relief