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Date of Update: 3 September 2024

Bordro İK Danışmanlık - CottGroup Bütünleyici Hizmetler

www.cottgroup.com

+90 212 244 9222

2024 Minimum Wage

2024 Minimum Wage

GROSS (TRY) NET (TRY)
Minimum Wage 20,002.50 17,002.12
The 2024 Insurance Premium Base Earnings Limit

The 2024 Insurance Premium Base Earnings Limit

Daily Earnings Limit (TRY) Monthly Earnings Limit (TRY)
Minimum 666.75 20,002.50
Maximum 5,000.63 150,018.90
2024 Exempt Income from Prime Earnings - Meal Allowance

2024 Exempt Income from Prime Earnings - Meal Allowance

Daily (TRY) * 157.69
* Per Day Actually Worked in the Month
2024 Exempt Income from Prime Earnings - Child Allowance

2024 Exempt Income from Prime Earnings - Child Allowance

Monthly (TRY) * 400.05
* For a maximum of two children, per child
2024 Exempt Family Increase from Prime Earnings

2024 Exempt Income from Prime Earnings - Family Allowance

Monthly (TRY) 2.000,25
2024 Income Tax Brackets

2024 Income Tax Brackets

Minimum Maximum %
0 110,000.00 15%
110,000.01 230,000.00 20%
230,000.01 870,000.00 27%
870,000.01 3,000,000.00 35%
3,000,000.01 and more 40%
2024 Declaration Stamp Taxes

2024 Declaration Stamp Taxes

SSI Declaration Stamp Tax 228.80 TRY
Witholding Tax Declaration Stamp Tax 308.30 TRY
Witholding Tax And SSI Premium Declaration Stamp Tax 365.50 TRY
2024 Stamp Tax Rate

2024 Stamp Tax Rate

Rate 0.759%
2024 Meal Voucher Income Tax Exemption

2024 Meal Voucher Income Tax Exemption

Meal Voucher Income Tax Exemption 170.00 (without VAT)
2024 Commuter Benefit Income Tax Exemption

2024 Commuter Benefit Income Tax Exemption

Commuter Benefit Income Tax Exemption 88.00 TRY
Social Security Incentive no: 5510

Social Security Incentive no: 5510

Rate 5.00%
2024 Disability Degree Discount (TRY)

2024 Disability Degree Discount (TRY)

1. Degree 6,900.00
2. Degree 4,000.00
3. Degree 1,700.00
2024 Severance Ceiling

2024 II. Period Severance Ceiling

Severance Ceiling 41,828.42 TRY
2024 SSI Parameters

2024 SSI Parameters

Premium Rates for Those Subject to Employment Contract Under Article 4/1(a) of Law No. 5510
Insurance Branch Employer Share (%) Employee Share (%) Total (%)
Disability, Old Age, and Death 11 9 20
Short-Term Insurance Branches 2,25 - 2,25
General Health Insurance 7,5 5 12,5
Unemployment Insurance 2 1 3
Total 22,75 15 37,75
Premium Rate for Retirees Working Under Article 4/1(a)
Insurance Branch Employer Share (%) Employee Share (%) Total (%)
Social Security Support Premium 22,5 7,5 30
Short-Term Insurance Branches 2,25 - 2,25
Total 24,75 7,5 32,25
2024 Minimum Wage Tax Exemptions

2024 Minimum Wage Tax Exemptions

Period Income Tax Exemption Stamp Tax Exemption
January 2,550.32 151.82
February 2,550.32 151.82
March 2,550.32 151.82
April 2,550.32 151.82
May 2,550.32 151.82
June 2,550.32 151.82
July 3,001.06 151.82
August 3,400.42 151.82
September 3,400.42 151.82
October 3,400.42 151.82
November 3,400.42 151.82
December 3,400.42 151.82
2024 Child Allowance (TRY)

2024 Second Period Income Tax Exempt Child Allowance (TRY)

0-6 Years Old 453.90 TRY
Over 6 Years Old 226.95 TRY

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