Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
118,733 TL
Social Security
- 16,623 TL
Income Tax
- 25,558 TL
Stamp Tax
- 901 TL
Total tax
- 43,082 TL
Net pay
* 75,651 TL
Marginal tax rate
41.8%
Average tax rate
36.3%
63.7%
Net pay
36.3%
Total tax
Total tax
Net pay
Summary
If you make 118,733 TL a year living in Turkey, you will be taxed 43,082 TL. That means that your net pay will be 75,651 TL per year, or 6,304 TL per month. Your average tax rate is 36.3% and your marginal tax rate is 41.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 TL in your salary will be taxed 41.76 TL, hence, your net pay will only increase by 58.24 TL.
Bonus Example
A 1,000 TL bonus will generate an extra 582 TL of net incomes. A 5,000 TL bonus will generate an extra 2,912 TL of net incomes.
NOTE* Withholding is calculated based on the tables of Turkey, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.