Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
872,560 TL
Social Security
- 2,664 TL
Unemployment insurance
- 8,726 TL
Income Tax
- 346,087 TL
Stamp Tax
- 6,623 TL
Total tax
- 364,098 TL
Net pay
* 508,462 TL
Marginal tax rate
41.8%
Average tax rate
41.7%
58.3%
Net pay
41.7%
Total tax
Total tax
Net pay
Summary
If you make 20,941,440 TL a year living in Turkey, you will be taxed 8,738,362 TL. That means that your net pay will be 12,203,078 TL per year, or 1,016,923 TL per month. Your average tax rate is 41.7% 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.