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Composition of BIR Form 2316

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It is important to know the composition of BIR form 2316 otherwise known as the Certificate of Compensation Payment or Income Tax Withheld.
 
The BIR form 2316 contains the following information:
 
  1. For the Year (YYYY) - Calendar year 
  2. For the Period (MM/DD) To (MM/DD) - payroll period coverage from the present employer



    PART 1: Employee Information
  3. TIN - Employee's tax identification number
  4. Employee's Name - Full name of the employee (Last Name, First Name, Middle Name)
  5. RDO Code - Revenue District Office number of employee
  6. Registered Address - Address of employee
    6A. Zip Code - employee's registered address' zip code
    6B. Local Home Address - temporary or current address of the employee
    6C. Zip Code - employee's local address' zip code
    6D. Foreign Address - employee's foreign address
  7. Date of Birth (MM/DD/YYYY)- Birthdate of employee
  8. Contact number
  9. Statutory Minimum Wage rate per Day - rate per day
  10. Statutory Minimum Wage rate per Month - rate per month
  11. Minimum Wage Earner (MWE) whose compensation is exempt from Withholding Tax and not subject to income tax - mark x if applicable

 

PART 2: Employer Information (Present)

  1. TIN - present employer's tax identification number
  2. Employer's Name - present employer's name
  3. Registered Address - present employer's registered address
    14A. Zip Code - present employer's registered address' zip code
  4. Type of Employer - If Main Employer or Secondary Employer



PART 3: Employer Information (Previous)

  1. TIN - previous employer's tax identification number
  2. Employer's Name - previous employer's name
  3. Registered Address - previous employer's registered address
    18A. Zip Code - previous employer's registered address' zip code

 
PART 4A: Summary
  1. Gross Compensation Income from Present Employer - item 36 plus item 52
  2. Less:  Total Non-Taxable/Exempt Compensation Income from Present Employer - item 38
  3. Taxable Compensation Income from Present Employer - item 19 less item 20 (From item 52)
  4. Add: Taxable Compensation Income from Previous Employer - if applicable
  5. Gross Taxable Compensation Income - sum of items 21 and 22
  6. Tax Due
  7. Amount of Taxes Withheld
    25A. Present Employer - total taxes withheld by present employer
    25B. Previous Employer - total taxes withheld by previous employer
  8. Total Amount of Taxes Withheld as adjusted -  Sum of items 25A and 25B
  9. 5% Tax Credit (PERA Act of 2008) - 5% tax credit should be evidenced by a PERA-Tax Credit Certificate (TCC).
  10. Total Taxes Withheld - sum of items 26 and 27 



    PART 4B: Details of Compensation Income and Tax Withheld from Present Employer

        A. Non-Taxable/Exempt Compensation Income

  11. Basic Salary (including the exempt P250,000 & below or the Statutory Minimum Wage of the MWE)
  12. Holiday Pay (MWE) - rate worked during holidays
  13. Overtime (MWE) -  rate worked beyond working hours or overtime payment
  14. Night Shift Differential (MWE) - amount worked during night differential
  15. Hazard Pay (MWE) - hazard payment is given to employees for performing hazardous duties if applicable
  16. 13th-month pay and other Other Benefits (maximum of P90,000) - 13th-month and bonuses given to employees
  17. De Minimis Benefits - small values provided by the employer to employees merely as a means to promote health, goodwill, contentment, or efficiency.
  18. SSS, GSIS, PHIC & PAG-IBIG Contributions & Union Dues (Employee Share only )- Mandatory government premium for present employer
  19. Salaries & Other Forms of Compensation - other benefits that are non-taxable which can not be classified as de minimis
  20. Total Non-Taxable/Exempt Compensation Income - Total of items from 29 to 37 
     
     
    B. Taxable Compensation Income Regular 

  21. Basic Salary - Wage rate of non-MWE
  22. Representation - allowance
  23. Transportation - allowance
  24. Cost of Living Allowance (COLA) - allowance given to an employee on top of basic salary
  25. Fixed Housing Allowance - allowance
  26. Others (44A and 44B) - if they have other allowances aside from the above items
  27. Commission - sales commission
  28. Profit Sharing - if any
  29. Fees including Director's Fees - Professional fees of employees
  30. Taxable 13th-month pay and Other Benefits- 13th-month pay and bonuses in excess of P90,000 ceiling
  31. Hazard Pay - hazard payment is given to employees for performing hazardous duties if applicable
  32. Overtime Pay - Payment in excess of regular working hours
  33. Others (51A and 51B) - payment other than items 45-50
  34. Total Taxable Compensation Income- total of items from 39 to 51B
 
 
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