The gross minimum wage has been raised by 49% and it became 20.002,50 TL gross, 17.002,12 TL net for 2024. Additionally, companies will get a support of 700 TL per employe under certain circumstances. In this regard, the calculation of the minimum wage is as follows;
|
Gross Minimum Wage
|
(Rate)
|
20.002,50 TL
|
|
Employee’s share for Social Security Contrubition
|
%14
|
2.800,35 TL
|
|
Employee’s share for Unemployment Share
|
%1
|
200,03 TL
|
|
Income Tax
|
Exemption
|
0
|
|
Stamp Tax
|
Exemption
|
0
|
|
Total Cuts
|
|
3.000,38 TL
|
|
Net Minimum wage
|
|
17.002,12 TL
|