The monthly minimum wage in 2024 is TRY 20,002.50. The net minimum wage for the employee after SSI premium of 14% and unemployment insurance of 1% is TRY 17,002.12, as detailed below. The income tax due at 15% on this amount is TRY 2,550.32. This is the amount of the income tax exemption in 2024.
The stamp duty exemption is 0.759% (2.3.1) of the gross minimum wage.
2024 Minimum wage sample calculation (monthly)
| Gross minimum wage | TRY 20,002.50 |
| SSI employee (14%) | TRY 2,800.35 |
| Unemployment employee (1%) | TRY 200.03 |
| Total deduction | TRY 3,000.38 |
| Net minimum wage | TRY 17,002.12 |
(Gov.tr)
2024 Minimum wage employer sample cost calculation
| Gross minimum wage | TRY 20,002.50 |
| SSI employer (20.5%) | TRY 4,100.51 |
| Unemployment |
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Web page updated on 28 Aug 2024 11:55