Minimum Wage in 2017…

21.07.2017

1- HOW MUCH IS THE MINIMUM WAGE IN 2017?
The Minimum payment amount in 2017;
Gross                   : 1.777,50 TL
Net                       : 1.404,06 TL (minimum living allowance in the value of 133, 31 TL is included.)
Cost                      : 684, 50 TL (SSI + Unemployment Premium + Income T. + Stamp T.)

Note-1: The minimum living allowance in the value of 133, 31 TL stated above and included in net amount is minimal and it can be increased to 226, 63 TL in line with the economic conditions of the family. Correspondingly, an employee’s net minimum wage in the value of 1.404,06 TL can increase up to 93, 32 TL.

2- WHAT IS THE COST OF THE MINIMUM WAGE IN 2017?
The cost of minimum wage in 2017 is presented below;

Note-2: The total of SSI and Unemployment Premium is 32, 5 % (with a discount in the value of 5 points). The minimum living allowance is regarded as 133, 31 TL.

3- WHAT IS THE COST WRITTEN OFF FOR AN EMPLOYEE WITH MINIMUM WAGE IN 2017?
The costs written off for an employee with minimum wage in 2017 is indicated below;
1- Net Cash         :1.404,06 TL
2- Cost                 :684,50 TL
GRAND TOTAL: 2.088,56 TL

***2.088, 56 TL can be written off as a cost for the company.

That amount is the total amount that should be paid for an employee with minimum wage (The Employee and The Employer).

4- MONTHLY WAGE PAYROLL OF THE MINIMUM WAGE IN 2017
Monthly wage payroll of the minimum wage in 2017 is presented below;