Guidelines for the FY 2023 PBB and FY 2024 PEI

Guidelines for the FY 2023 Performance-Based Bonus (PBB) and FY 2024 Productivity Enhancement Incentive (PEI) as per Executive Order No. 61

The government has issued updated guidelines for the FY 2023 Performance-Based Bonus (PBB) and FY 2024 Productivity Enhancement Incentive (PEI) under Executive Order No. 61. These changes aim to streamline processes, improve agency performance, and reward eligible employees. Learn about the evaluation process, appeals, and how these incentives support public service excellence.

Is SRI 2024 Taxable?

Philippine peso bills with the text 'Is SRI 2024 Taxable?' and the website URL helplineph.com displayed on the image.

The Service Recognition Incentive (SRI) for 2024 is a ₱20,000 bonus for eligible government employees in the Philippines. While it’s a well-deserved reward, it’s important to know that the SRI is taxable if your total annual bonuses exceed the ₱90,000 tax-exempt limit. For most employees, the SRI will remain tax-free, but any amount above this threshold will be subject to income tax. The incentive will start being distributed on December 20, 2024. Stay informed to make the most of your benefits!