MANILA, Philippines — The Philippine National Police (PNP) on Sunday said it released P8,502,008,690.81 total funds for the year-end bonus and cash gifts for its 225,515 personnel.“The funds
MANILA, Philippines — The Philippine National Police on Sunday said it released P8,502,008,690.81 total funds for the year-end bonus and cash gifts for its 225,515 personnel.
According to PNP Finance Service PBGen Bowenn Joey Masauding, the said bonuses and cash gifts are equivalent to one-month base pay and P5,000, respectively. Meanwhile, pursuant to Tax Reform Acceleration and Inclusion Law or T.R.A.I.N. Law bonuses exceeding P90,000 are taxable, which means year-end tax adjustment will affect all Police Commissioned Officers and Non-Uniformed Personnel with Salary grade 18 Step 1.
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