Composition of BIR Form 2316

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:

 

PART 1: Employee Information

1. Year - Calendar year 
2. Period From (MM/DD) To (MM/DD) - payroll period coverage from the present employer
3. Taxpayer Identification No - Employee's tax identification number
4. Employee's Name - Full name of the employee
5. RDO Code - Revenue District Office number of employee
6. Registered Address - Address of employee
7. Date of Birth - 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)

12. Taxpayer Identification No - present employer's tax identification number
13. Employer's Name - present employer's name
14. Registered Address and Zip Code - present employer's address and zip code
15. Type of Employer - If Main Employer or Secondary Employer

 

 

PART 3: Employer Information (Previous)

16. Taxpayer Identification No - previous employer's tax identification number
17. Employer's Name - previous employer's name
18. Registered Address and Zip Code - previous employer's registered address and zip code

 

 

PART 4A: Summary

19. Gross Compensation Income Present Employer - item 36 plus item 50
20. Less:  Total Non-Taxable/Exempt Compensation Income from Present Employer - item 36
21. Taxable Compensation Income from Present Employer - item 19 less item 20 (From item 50)
22. Add: Taxable Compensation Income from Previous Employer
23. Gross Taxable Compensation Income - sum of items 21 and 22
24. Tax Due
25. Amount of Taxes Withheld - from the Present Employer and Previous Employer
26. Total Amount of Taxes Withheld as adjusted -  Sum of items 25A and 25B

 

 

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

    A. Non-Taxable/Exempt Compensation Income

27. Basic Salary including the exempt P250,000 & below or the Statutory Minimum Wage of the MWE)
28. Holiday Pay (MWE) - rate worked during holidays
29. Overtime (MWE) -  rate worked beyond working hours or overtime payment
30. Night Shift Differential (MWE) - amount worked during night differential
31. Hazard Pay (MWE) - hazard payment is given to employees for performing hazardous duties if applicable
32. 13th-month pay and other Other Benefits (maximum of P90,000) - 13th-month and bonuses given to employees
33. De Minimis Benefits - small values provided by the employer to employees merely as a means to promote health, goodwill, contentment, or efficiency.
34. SSS, GSIS, PHIC & Pag-ibig Contributions & Union Dues (Employee Share only )- Mandatory government premium for present employer
35. Salaries & Other Forms of Compensation - Paid unused leave not exceeding 10 days or other benefits that are non-taxable which can not be classified as de minimis
36. Total Non-Taxable/Exempt Compensation Income - Total of items from 27 to 35

 

 

B. Taxable Compensation Income Regular 

37. Basic Salary- Wage rate of non-MWE
38. Representation- allowance
39. Transportation- allowance
40. Cost of Living Allowance- Allowance given to an employee on top of basic salary
41. Fixed Housing Allowance- Allowance
42. Others- if they have other allowances aside from the above items
43. Commission- sales commission
44. Profit Sharing- if any
45. Fees including Director's Fees- Professional fees of employees
46. Taxable 13th-month pay and Other Benefits- 13th-month pay and bonuses in excess of P90,000 ceiling
47. Hazard Pay- hazard payment is given to employees for performing hazardous duties if applicable
48. Overtime Pay- Payment in excess of regular working hours
49. Others- payment other than items 43-48
50. Total Taxable Compensation Income- total of items from 37 to 49B