Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
63,943 TL
Social Security
- 8,952 TL
Income Tax
- 11,189 TL
Stamp Tax
- 485 TL
Total tax
- 20,626 TL
Net pay
* 43,317 TL
Marginal tax rate
34.8%
Average tax rate
32.3%
67.7%
Net pay
32.3%
Total tax
Total tax
Net pay
The Taxberg
43,317 TL
Net pay
13,108 TL
Tax the employer pays
20,626 TL
Tax you pay
Total tax paid
33,734 TL
Did you know your employer also pays tax on your salary? It costs the employer 13,108 TL to pay you 63,943 TL. In other words, every time you spend 10 TL of your hard-earned money, 5.28 TL goes to the government.
Real tax rate
43.8%
So, with you and the employer both paying tax, what used to be a 32.3% tax rate now rises to 43.8%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
Summary
If you make 63,943 TL a year living in Turkey, you will be taxed 20,626 TL. That means that your net pay will be 43,317 TL per year, or 3,610 TL per month. Your average tax rate is 32.3% and your marginal tax rate is 34.8%. 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 34.76 TL, hence, your net pay will only increase by 65.24 TL.
Bonus Example
A 1,000 TL bonus will generate an extra 652 TL of net incomes. A 5,000 TL bonus will generate an extra 3,262 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.