Tax Exemption on Monthly Annuity Received by a Retired GSIS Employee
BIR Ruling No. 148-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 26, 1958
Full text
February 26, 1958 BIR RULING NO. 148-58 Mr. Luis H. Navarro Pea Francia Avenue Naga City S i r : In reply to the query contained in your letter dated February 7, 1958, I have the honor to inform you that the monthly annuity received by you as a retired government employee from the Government Service Insurance System is exempt from income tax, pursuant to Section 28(c) of Republic Act No. 660, as amended by Section 12 of Republic Act No. 728. Accordingly, the aforesaid retirement annuity need not be included as part of your gross income for purposes of filing your income tax return. Very truly yours, (SGD.) MELECIO R. DOMINGO Deputy Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.