A method and system for processing correction field information are provided. The method includes: receiving a packet, and obtaining a first correction value carried by the packet; obtaining first time information and second time information; obtaining a second correction value according to the first correction value and the first time information; setting the second correction value in the packet; setting the second time information in the packet; obtaining third time information and fourth time information; obtaining a third correction value according to the second correction value, the second time information, the third time information, and the fourth time information; and setting the third correction value in the packet. The processing of the time information and the processing of the correction field information are performed with a set of processing mechanism, and the implementation is simpler.