Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
37,400 TL
Income Tax
- 5,880 TL
Stamp Tax
- 284 TL
Total tax
- 6,164 TL
Net pay
* 31,236 TL
Marginal tax rate
20.8%
Average tax rate
16.5%
83.5%
Net pay
16.5%
Total tax
Total tax
Net pay
Summary
If you make 37,400 TL a year living in Turkey, you will be taxed 6,164 TL. That means that your net pay will be 31,236 TL per year, or 2,603 TL per month. Your average tax rate is 16.5% and your marginal tax rate is 20.8%. 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 20.76 TL, hence, your net pay will only increase by 79.24 TL.
Bonus Example
A 1,000 TL bonus will generate an extra 792 TL of net incomes. A 5,000 TL bonus will generate an extra 3,962 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.