A method and an apparatus for transmitting and receiving a packet in a broadcasting and communication system are provided. The method includes splitting a source packet block including source packets into a plurality of source packet subblocks, converting the source packet subblocks to source symbol subblocks, respectively, generating a plurality of first repair symbol blocks by encoding the source packet subblocks using a first error correction code, configuring an error correction source packet by adding a source error correction payload IDentifier (ID) to source symbols included in the source symbol subblocks and configuring an error correction repair packet by adding a repair error correction payload ID to repair symbols included in the first repair symbol subblocks, and transmitting the error correction source packet and the error correction repair packet.