As per the Law No. 7349 on the Amendment of Some Laws
and the Income Tax Law, the wages corresponding to the remaining
amount after deducting the worker's social security institution
premium and unemployment insurance premium from the monthly gross
amount of the minimum wage valid in the month the payment is made,
are exempted from income tax.
Distinguished Fortune readers, in this article, I would like to
share with you my views on the exemption of wage income
corresponding to the minimum wage from income tax.
The Income Tax Law defines wage as "benefits that can be
represented by money, provided with money and in-kinds given to
employees in exchange for service, subject to the employer and
attached to a specific workplace. The same law stipulates that the
wage being paid under the name of allowance, compensation, cash
indemnity (financial liability indemnity), allocation, raise,
advance, contribution, honorarium, premium, bonus, expense or other
names does not
