Minimum Wage for 2020 Announced

123123.jpg

The Minimum Wage Commission has announced the gross minimum wage for 2020 as 2.943 TL, with an increase of 15.03%.

The net minimum wage will be 2.324,70 TL, together with the AGI (MLA – Minimum Living Allowance) for single employees or employees with working spouses.


You can find the 2020 “calculation of minimum wage” and “cost of employer” in the tables below.

Payroll parameters to be implemented in the first half of 2020 are as follows.

2020 PAYROLL PARAMETERS

APPLICATION NAMES              TRY
Daily Minimum Gross Salary 98,10
Monthly Minimum Gross Salary 2.943,00
Monthly Net Minimum Wage – MLA Included 2.324,70
Monthly Net Minimum Wage – without MLA 2.103,97
  
Daily SSI Premium Earnings Base / Minimum Limit 98,10
Daily SSI Premium Earnings Base / Maximum Limit 735,75
Monthly SSI Premium Earnings Base / Minimum Limit 2.943,00
Monthly SSI Premium Earnings Base / Maximum Limit 22.072,50
  
Child Allowance Exception / SSI (2% of min. wage) 58,86
Child Allowance Exception/Income Tax (Over 6)  
Child Allowance Exception/Income Tax (Ages 0-6)  
   
Family Allowance Exception / SSI (10% of min. wage) 294,30
   
Daily Meal Allowance Exception / SSI (Cash) 5,89
Daıly Meal Allowance Exception/Income Tax (Meal Card) 23,00
  
Private Pension+ Private Health Insurance Premium Exception/ Premium earning base 882,90
   
Taxable Income Bracket /% 15 0 – 22.000
Taxable Income Bracket /% 20 22.001 – 49.000
Taxable Income Bracket /% 27 49.001 – 180.000
Taxable Income Bracket /% 35 180.001-600.000
Taxable Income Bracket /% 40 Over  600.001
   
1st  Grade Disability Income Tax Reductıon 1.400
2nd Grade Disability Income Tax Reductıon 790
3rd  Grade Disability Income Tax Reductıon 350
   
Severance Payment Limit (Try/Year) 6.730,15
   
Stamp Tax Rate 0,00759

 

MLA (Minimum Living Allowance)

Marital Status Monthly MLA Amounts
Single/Spouse working + 0 kid ₺220,73
Single/Spouse working + 1 kid ₺253,83
Single/Spouse working + 2 kids ₺286,94
Single/Spouse working + 3 kids ₺331,09
Single/Spouse working + 4 kids ₺353,16
Single/Spouse working + 5 kids ₺375,23
      
Married + Nonworking Spouse+0 kid ₺264,87
Married + Nonworking Spouse+1 kid ₺297,98
Married + Nonworking Spouse+2 kids ₺331,09
Married + Nonworking Spouse+3 kids ₺375,23

About admin

Check Also

missing-day.jpg

How to Calculate Missed Days in February?

February is the busiest month for the payroll and personnel who are responsible for computing …

Leave a Reply

Your email address will not be published. Required fields are marked *