12 NON-TAXABLE COMPENSATION INCOME OF GOVERNMENT EMPLOYEES THAT EVERY ACCOUNTANT SHOULD KNOW TO AVOID COMMITTING ERRORS IN THE COMPUTATION OF THEIR INCOME TAX
[ad_1] 1. Thirteenth (13th) Month Pay (Year-End Bonus) and Other Benefits not exceeding Ninety Thousand Pesos (P90,000.00) paid or accrued during the year. Any amount exceeding Ninety Thousand Pesos (P90,000.00) are taxable compensation. 2. Facilities and privileges of relatively small …