Payroll Basics in Turkey

I- Gross Salary:

Gross Salary refers to amount of salary which is earned by employees according to Turkish Labor Law

Gross Salary = Net Salary + Total Deductions (Social Security Premium Employee's Share (including Unemployemnt Insurance) + Income Tax + Stamp Tax)

 

II- Net Salary:

It is the amount of salary actually received by the employees.

Net Salary = Gross Salary – Total Deductions