MINIMUM WAGE AMOUNT TO BE APPLIED AS OF 01.07.2023 HAS BEEN ANNOUNCED
As of 01.07.2023, the Earnings Based on Insurance Premium (Salary cap and Base Wage Based on SSI Premium) and Minimum Wage Amount
The minimum wage amount to be applied as of 01.07.2023 by the Minimum Wage Determination Commission was determined as 13.414,50 TL gross and 11.402,32 TL net.
Accordingly, for the period between 1.7.2023 - 31.12.2023, the base and ceiling wage for social security premiums and the net calculation of the minimum wage and the cost to the employer will be as follows.
A- Lower and Upper Limit of Monthly Earnings Based on Insurance Premium (Salary Cap and Base Wage Based on SSI Premium)
According to Article 82 of the Social Security and General Health Insurance Law No. 5510, the lower limit of the daily earnings taken as the basis for the calculation of the premiums to be received by this law is one-thirtieth of the minimum wage, and the upper limit is 7.5 times this amount (With Article 8 of the Law No. 6761, the upper limit of daily earnings subject to the insurance premium, which is 6.5 times the daily gross minimum wage, was increased to 7.5 times the daily gross minimum wage, effective from 01/01/2017).
Accordingly, the monthly ceiling and floor amounts in the second half of 2023 are as follows.
|
Applicable Period |
SSI Base Wage TL (Lower limit of monthly earnings) |
SSI Salary Cap TL (Upper limit of monthly earnings) |
|
01.07.2023 - 31.12.2023 |
13.414,50 TL |
100.608,90 TL |
B- Gross Minimum Wage Amounts to be applied in 2023
Between 01.01.2023 - 31.12.2023, the one-day gross minimum wage of the employee was determined as 447,15 TL.
|
Minimum wage |
13.414,50TL |
|
SSI premium 14 % |
1.878,03TL |
|
Unemployment insurance premium 1% |
134,15TL |
|
Monthly income tax |
0,00TL |
|
Stamp duty |
0,00TL |
|
Total deductions |
2.012,18TL |
|
Net minimum wage |
11.402,32TL |
Cost to the Employer:
|
COST TO EMPLOYER (TL/MONTH) |
|
|
MINIMUM WAGE |
13.414,50TL |
|
SSI PREMIUM 15.5% (Employer's Share) (*) |
2.079,25TL |
|
EMPLOYER UNEMPLOYMENT INSURANCE PREMIUM 2% |
268,29TL |
|
TOTAL COST TO EMPLOYER (*) |
15.762,04TL |