BIR Ruling No. 152-61
BIR Ruling No. 152-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 14, 1961
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March 14, 1961 BIR RULING NO. 152-61 Mr. Mariano B. Velasco San Quintin, Pangasinan S i r : In reply to your letter dated February 1, 1961, I have the honor to inform you that retirement benefits derived from the Government Service Insurance System are exempt from income tax and, therefore, need not be returned by the recipient thereof for income tax purposes. Expenses for tuition and matriculation fees are personal in nature and, therefore, not deductible from gross income. LLpr Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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