2023 Minimum Wage Calculations

The minimum wage amounts for the year 2023 has been announced by the Presidency and Ministery of Labor & Social Security, and the new gross minimum wage is 10.008 ₺, while the new net minimum wage is 8.506,80 ₺. The detailed calculation for the new minimum wage is;

Minimum Wage (Gross)10.008 ₺
  
SSI Base10.008 ₺
SSI Employee Premium (%14)1.401,12 ₺
EE Unemployment Premium (%1)100,08 ₺
  
Income Tax Base8.506,80 ₺
Income Tax0
  
Stamp Tax Base10.008 ₺
Stamp Tax0
  
Net Payment8.506,80 ₺

Minimum Wage Cost to Employer

The cost to employer includes, not just the gross minimum wage amounts, but also the employer contribution part of Social Security premiums. And the tables for employer cost calculation for the new minimum wage are;

Cost to Employer for Minimum Wage – W/O Incentive:

Minimum Wage (Gross)10.008 ₺
  
SSI Base10.008 ₺
SSI Employer Contribution (%20,5)2.051,64 ₺
Unemployment Employer Contribution (%2)200,16 ₺
  
Cost to Employer12.259,80 ₺

Cost to Employer for Minimum Wage – With Incentive:

Minimum Wage (Gross)10.008 ₺
  
SSI Base10.008 ₺
SSI Employer Contribution (%15,5)1.551,24 ₺
Unemployment Employer Contribution (%2)200,16 ₺
  
Cost to Employer11.759,40 ₺

Cost to Employer for SSI Base Max. Cap

The premium amounts for employees with an SSI base higher than the annual SSI base max. cap is another variable that changes with the new minimum wage. Below are the minimum and maximum SSI base caps;

 1 Day30 Days / 1 Month
SSI Base Minimum Cap333,60 ₺10.008 ₺
SSI Base Maximum Cap2.502 ₺75.060 ₺

The cost to employer for the employees who is at the SSI base max. cap is:

Cost to Employer w/o Incentive:

SSI Base75.060 ₺
SSI Employer Contribution (%20,5)15.387,30 ₺
Unemployment Employer Contribution (%2)1.501,20 ₺

Cost to Employer with Incentive:

SSI Base75.060 ₺
SSI Employer Contribution (%15,5)11.634,30 ₺
Unemployment Employer Contribution (%2)1.501,20 ₺

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