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08July2015

Severance ceiling base between July and December 2015

Income Tax Exempted Severance Pay

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According to the circular numbered 27998389-010-06-02-6235 released by the General Directorate of Budget and Fiscal Control on 03.07.2015 with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a civil servant have been revised effective 01.07.2015.

The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.07.2015-31.12.2015;

  1. Maximum severance pay to be exempted from income tax is 3.709,98.- TL,

Written by Fırat Oktürk, Posted in Labor Law

About The Author

Fırat Oktürk

Software Development Project Consultant
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