Hazard Pay Considered as Compensation Income
BIR Ruling No. 266-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 18, 1993
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June 18, 1993 BIR RULING NO. 266-93 HAZARD PAY CONSIDERED AS COMPENSATION INCOME 29 204-89 266-93 Mr. Isagani M. Gamino Bureau of Corrections Muntinlupa, Metro Manila This refers to your letter dated January 26, 1993 in effect requesting whether the amount of P1,800 per annum as hazard pay given to the employees of the Bureau of Correction forms part of gross compensation income. In reply, please be informed that hazard pay is embraced within the term compensation, which means all remunerations for services performed by an employee for his employer unless specifically excepted under Sections 27, 28 (b) and 71 of the Tax Code, as amended. Compensation income includes all income payments received as a result of an employer-employee relationship, such as salaries, wages, honoraria, bonus, taxable pensions, allowances, fringe benefits, fees, and other income of similar nature. (Revenue Regulations No. 6-82 as amended by Revenue Regulations No. 12-86. cdtech LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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