(b) Professional Income

iii. Professional income

Income earned from the practice of profession provided there is no employer-employee relationship between him and his clients.

Profession is primarily any endeavor or work requiring specialized training in the field of learning, art, or science engaged in as a means of livelihood or profit of an individual or group of individuals.

Professional- a person formally certified by a professional body belonging to a specific profession by virtue of having completed a required examination or course of studies and/or practice, whose competence can usually be measured against an established set of standards. It also refers to a person who engages in some art or sport for money, as a means of livelihood, rather than as a hobby. (Rev. Regs. 08-18, Sec. 2 (n) 2nd par)¹

Professional income

Income earned from the practice of profession provided there is no employer-employee relationship between him and his clients.

Profession is primarily any endeavor or work requiring specialized training in the field of learning, art, or science engaged in as a means of livelihood or profit of an individual or group of individuals.