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AGI rates will be determined after the minimum wage increase is announced. The Minimum Wage Determination Commission will hold its fourth meeting next week. After the last increase, the AGI was determined at TL 220.73 for a single, TL 264.87 for a married spouse and TL 297.98 for a married spouse with 1 child.
WHEN WILL AGI TIME BE DEFINED?
The minimum wage affects many calculations, such as general health insurance, SSI loans, the minimum allowance for living. The new minimum wage is expected to be announced after the fourth meeting of the Minimum Wage Determination Commission. Following this announcement, the 2021 MLA amounts will be announced.
HOW MUCH ARE THE AGI 2020 RATES?
Bekar 220.73TL
Unemployed spouse 264.87 TL
Unemployed spouse with 1 child TL 297.98
Unemployed spouse with 2 children TL 331.09
Unemployed spouse with 3 children 375.23 TL
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Unemployed spouse with 4 children 375.23 TL
Unemployed spouse with 5 children 375.23 TL
Married and his spouse is employed 220.73 TL
Married and working spouse with 1 child 253.83 TL
Married and working spouse with 2 children 286.94 TL
Married and working spouse with 3 children TL 331.09
Spouse who works with 4 children 353.16 TL
Married and working spouse with 5 children 375.23 TL
INFORMATION ABOUT AGI
Individuals whose wages are actually taxed can benefit from the application for a minimum allowance for life. Before 2007, there were tax return envelopes. All the employees used to write the receipts and invoices that they had collected during their annual purchases in an envelope and return them to their workplaces and receive a tax refund. Starting in 2007, the tax refund was removed and the AGI application was replaced. Employers pay the tax they calculate on employee wages less as AGI. They also pay the calculated AGI to the employee in addition to their take-home pay. The AGI calculation is made on the basis of the minimum wage. Annual amount payable to the employee derived from AGI; It is calculated by applying a rate of 15 percent to half the annual minimum wage (Art. 32 of the LIT).
