Income tax calculator Turkey

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
120,640 TL
Social Security
- 16,890 TL
Income Tax
- 26,073 TL
Stamp Tax
- 916 TL
Total tax
- 43,878 TL
Net pay
* 76,762 TL
Marginal tax rate
41.8%
Average tax rate
36.4%
63.6%
Net pay
36.4%
Total tax
Total tax
Net pay
The Taxberg
76,762 TL
Net pay
24,731 TL
Tax the employer pays
43,878 TL
Tax you pay
Total tax paid
68,609 TL
Did you know your employer also pays tax on your salary? It costs the employer 24,731 TL to pay you 120,640 TL. In other words, every time you spend 10 TL of your hard-earned money, 5.69 TL goes to the government.
Real tax rate
47.2%
So, with you and the employer both paying tax, what used to be a 36.4% tax rate now rises to 47.2%, meaning your real tax rate is actually 10.8% higher than what it seemed at first.
People also ask
120,640 TL yearly is how much per hour?
58 TL hourly is how much per year?
Summary
If you make 120,640 TL a year living in Turkey, you will be taxed 43,878 TL. That means that your net pay will be 76,762 TL per year, or 6,397 TL per month. Your average tax rate is 36.4% 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.
Tax per income
125,000 TL
130,000 TL
135,000 TL
140,000 TL
145,000 TL
150,000 TL
155,000 TL
160,000 TL
165,000 TL
170,000 TL
175,000 TL
180,000 TL
185,000 TL
190,000 TL
195,000 TL
200,000 TL
205,000 TL
210,000 TL
215,000 TL
220,000 TL
North America
Country 
Net pay
Average tax
Rank
USA
TRY 110191
8.7%
1
Canada
TRY 104010
13.8%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
TRY 115829
4.0%
1
Colombia
TRY 122076
7.3%
2
Brazil
TRY 111086
7.9%
3
Puerto Rico
TRY 111049
8.0%
4
Ecuador
TRY 109240
9.5%
5
Guatemala
TRY 109072
9.6%
6
Costa Rica
TRY 107973
10.5%
7
Panama
TRY 107370
11.0%
8
Peru
TRY 105560
12.5%
9
Chile
TRY 99407
17.6%
10
Uruguay
TRY 97583
19.1%
11
Argentina
TRY 88535
26.6%
12
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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.