Income Calculation Parameters in the Year 2009

State withholdings (Social Security Institution premiums, income tax withholdings, etc.) are calculated in accordance with predetermined parameters. Within that framework, same parameters are subject to change inof January every year. The parameters applicable for the periods January-June and July-December are listed below…

Tariff applicable on the taxation of the income subject to income tax in the year 2009;

The lower and upper limits that will be the basis for minimum wage and the insurable earnings will be applied as;

Daily minimum wage for employees under the age of 16;

Daily minimum wage for employees over the age of 16;

Accordingly, the monthly rates will be applied as follows;

Monthly minimum wage for employees under the age of 16;

Monthly minimum wage for employees over the age of 16;

In accordance with the law, the lower and upper limits of insurable earnings will be applied as follows;

Lower and upper limits of daily insurable earnings;

Lower and upper limits of monthly insurable earnings;

Exception amounts in calculation of insurable earnings will be applied as follows;

Daily food allowance;

Children allowance;

Family allowance;

 Maximum severance payment;

Children allowance exempt from income tax;

Family allowance exempt from income tax/civil service;

Food allowance exempt from income tax;