Cash Incentive

Find out about the various cash incentives available to teachers, including bonuses, stipends, and performance-based rewards. Learn about the criteria used to determine eligibility for these incentives and how they can help to supplement a teacher’s income and recognize their hard work and contributions to the education system.

Is SRI 2024 Taxable?

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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!