Calculation of Minimum Wage and Its Cost to Employer
admin
January 4, 2016
Business in Turkey
2,073 Views
| CALCULATION OF NET MINIMUM WAGE/GROSS TO NET |
TL |
| MINIMUM GROSS WAGE |
1.647.00 |
| SSI EMPLOYEE CONTRIBUTION (%14) |
230,58 |
| UNEMPLOYMENT PREMIUM – EMPLOYEE ( % 1 ) |
16,47 |
| INCOME TAX BASE |
1.399,95 |
| AMOUNT OF INCOME TAX |
209,99 |
| STAMP TAX |
12,50 |
| TOTAL EMPLOYEE DEDUCTION |
469,54 |
| MINIMUM LIVING ALLOWANCE (SINGLE) |
123,53 |
| NET MINIMUM WAGE (Minimum Living Allowance Included) |
1.300,99 |
| COST OF EMPLOYER |
TL |
| GROSS MINIMUM WAGE |
1.647,00 |
| SSI EMPLOYER CONTRIBUTION (%15,5) |
255,28 |
| UNEMPLOYMENT PREMIUM-EMPLOYER ( % 2 ) |
32,94 |
| COST OF EMPLOYER |
1.935,23 |
| Cost of Minimum Wage to Employer /110 TL support applied |
1.825,23 |
Turkish Labor Law
