CHILD ALLOWANCE INCOME TAX EXEMPTION ANNOUNCED

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aile_çocuk.pngChild allowance income tax exemption for private sector employees is equal to the amount determined for public officers twice a year.

According to announcement the following amounts will be exempt from tax between 1 July 2018 and 31 December 2018.

The exemption is valid only two children.

CHILD ALLOWANCE EXCEPTION/INCOME TAX (over 6)     (Monthly)            29,49 TRY

CHILD ALLOWANCE EXCEPTION/INCOME TAX (ages 0-6) (Monthly)            59,47 TRY

 

In case the monthly payments made under the name of child allowance exceed the above amounts, exceeding part will be subject to income tax.

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