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| TYPE OF THE EMPLOYEES |
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The employees called as Normal and Retired The parameters differ regarding to their working types.
If the parameter is chosen as Normal the SS premium by worker will be %14. |
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| DISABILITY |
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Discounts are taken on the income tax base, on the employees? total gross(daily, monthly, yearly) which determined by the state yearly. Income tax base is calculated as; total gross belongs to the income tax-SSI premium by worker- unemployment premium by worker- discount.
Disability discount is valid as,
For the first degree disability....... eight time of the discount amount
For the second degree disability... forth time of the discount amount
For the third degree disability...... second time of the discount amount
The degree of the disability is determined by Social Security Institution as regards to the loss of the working ability:
Loss of working ability more than %80 (including %80) is called as first degree disability
Loss of working ability more than %60 (including %60) is called as second degree disability
Loss of working ability more than %40 (including %40) is called as third degree disability
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| CUMULATIVE INCOME TAX BASE |
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The total of the whole income tax which includes from the start of the year that calculating the net payment to the last month. This is setted year by year in terms of tax brackets. |
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| MONTHLY NET WAGE |
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After chosing the type of working; if it is normal or retired, the calculation from gross to net is explained below; Firstly, calculate the SSI premium as %14 for normal working, and %7,5 for retireds on the gross wage. Secondly, calculate the unemployment premium by worker, multiplying the gross wage with %1, if it is a normal worker. If the personnel is retired this step will not be done. Thirdly, calculate the special expense deduction through multiplying the daily amount with number of working days. Then, with subtracting these three outcome from the gross wage, we will find the income tax base. Other step is choosing the personnels tax bracket regarding to their cumulative income base. This ratio will be multiplied with the income tax base and this amount is called income tax. Another thing is calculating the stamp tax; through multiplying the %0,6 with gross wage.
Lastly, we find the NET WAGE as;
NET WAGE = (GROSS WAGE) - (SSI PREMIUM BY WORKER + UNEMPLOYMENT SSI PREMIUM BY WORKER + INCOME TAX + STAMP TAX)
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| NUMBER OF WORKING DAYS |
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The blank which is written the number of days which the employee works. This includes; weekends, general holidays and annual vacations. Unpaid leaves are not included in the Number of Working Days.
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| TRANSPORTATION ALOWANCE |
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The additional amount to the monthly wage, agreed with the employer when there is no service. This will be paid with taking into consideration the number of working days. It is liable to income tax, stamp tax and SSI premium.
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| MEAL ALOWANCE |
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The allowance, given in cash when there is no lunch offer inside the company This will be paid with taking into consideration the number of working days. It is liable to income tax, stamp tax and SSI premium. Tickets have a different process; Mininstary of Finance sets a daliy dispensation amount. If the ticket amounts is not more than the daily dispensation amount, it is exempt from taxes. If it is more than dispensation, the difference between the two will be liable to income tax and stamp tax.
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| GROSS WAGE |
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The amount for daily work. The gross wage parameter in the programme is over 30 days, includes both weekends and the general holiday payments. This amount represents no deduction and monthly amount in return to the personel?s working. The premiums, allowances and the bonusses are not included in this amount. |
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| TYPE OF ACCOUNTINGS |
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Calculation of the severance pay, is given after one year of working. This area is not clear on the labor law and one year is stated as both 360 (30*12) and 365 days.
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| SEVERANCE PAY, TERMINATION PAY |
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One or both of the two choices can be chosen. If the working period is not more than a year, if the notice to leave is before than the end of the probation period, severance and termination pays will not be given. (labor law no 12,14) Severance pay represents the amounts between the ceiling and the base amounts and among in a period declared by the government. (labor law no 14) For the termination pay, the periods are stated in Labor Law no 13. |
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| EMPLOYMENT START DATE |
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It is the start date written on the insurance employment declaration for the present job. |
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| EMPOYMENT LEAVE DATE |
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The date of the termination of the employment. |
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| YEARLY NUMBER OF THE ANNUAL BONUSSES |
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| Number of the bonuses given to a personnel during a ye |
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| YEARLY AMOUNT OF THE ANNUAL BONUSSES |
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If the bonuses are given periodicly to the personnel and if there is continuity, the bonuses are taken into account for the severance pay. For instance, if the bonuses given in the previous year are not given during this year, it means there is no continuity and these amounts are not taken into severance payments? accountings. |
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| TOTAL OF THE OTHER ANNUAL GROSS PAYMENTS |
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Amount of total payments which approved by labor law but doesn?t rank among above. |
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