[ad_1]
The minimum wage to be applied in 2021 was increased by 21.56 percent. The gross minimum wage went from TL 2 thousand 943 to TL 3 thousand 577.50, and the net minimum wage went from TL 2 thousand 324.70 to TL 2 thousand 825.90. The net minimum wage increased by 500 lire.
With the determination of the minimum wage, the amounts of the Minimum Life Allowance (AGI) that will be applied in 2021 to all employees and public servants who earn wage income have also been determined. Consequently, the amount of AGI for the sole employee increased from TL 220.73 to TL 268.32. The net minimum wage includes the adjusted gross income calculated for single employees.
THE AMOUNT OF CURRENT WILL BE 751.61 TL
TL 500.77 social security premium worker fee, TL 35.78 unemployment insurance premium worker fee, TL 187.82 income tax, TL 27.15 stamp tax will be deducted from the gross minimum wage. The deduction from the gross minimum wage of TL 3577.50 that is given to the worker will be TL 751.61.
How much TL will AGI be in 2021?
While the AGI of single employees will increase from TL 220.73 to TL 268.31, the AGI of an employee with 3 children whose spouse is not working will increase from TL 375.23 to TL 429.30
The adjusted gross income of an employee with three children whose spouse is employed will increase from TL 331.09 to TL 375.63.
| Minimum amounts of life allowance by years | ||||||
| (TL) | ||||||
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
| Single | 123.53 | 133.31 | 152.21 | 191.85 | 220.73 | 268.31 |
| Married, spouse not working | 148.23 | 159.98 | 182.66 | 230.22 | 264.87 | 321.97 |
| Married, non-working spouse, 1 child | 166.76 | 179.97 | 205.49 | 259.00 | 297.98 | 362.22 |
| Married, non-working spouse, 2 children | 185.29 | 199.97 | 228.32 | 287.78 | 331.09 | 402.47 |
| Married, non-working spouse, 3 children | 209.99 | 226.63 | 258.76 | 326.15 | 375.23 | 429.30 |
| Married, non-working spouse, 4 children | 209.99 | 226.63 | 258.76 | 326.15 | 375.23 | 429.30 |
| Married, spouse working | 123.53 | 133.31 | 152.21 | 191.85 | 220.73 | 268.31 |
| Married, working spouse, 1 child | 142.05 | 153.31 | 175.04 | 220.63 | 253.83 | 308.55 |
| Married, working spouse, 2 children | 160.58 | 173.31 | 197.88 | 249.41 | 286.94 | 348.80 |
| Married, working spouse, 3 children | 185.29 | 199.97 | 228.32 | 287.78 | 331.09 | 375.63 |
| Married, working spouse, 4 children | 197.64 | 213.30 | 243.54 | 306.96 | 353.16 | 402.47 |
| Married, working spouse, 5 children | 209.99 | 226.63 | 258.76 | 326.15 | 375.23 | 429.30 |
COST TO THE EMPLOYER 4203 TL
The employer is also deducting TL 554.40 as the employer’s share of the social security premium and TL 71.54 as the employer’s share of the unemployment insurance premium. Thus, the total cost of the worker employed with minimum wage for the employer will be 4203.44 TL.
In 2020, the cost of the minimum wage for the employer is 3458.03 TL.
The 75 TL support provided by the state for minimum wage workers will continue in 2021. Therefore, the net amount that will come out of the employer employing minimum wage workers in 2021 will be TL 4128.44.
| What was the cost of the minimum wage to the employer? | ||
| (TL) | 2020 | 2021 |
| Gross minimum wage | 2,943.00 | 3577.50 |
| SSI Premium Worker Fee | 412.02 | 500.77 |
| Worker share of unemployment insurance premium | 29.43 | 35.78 |
| Income tax | 154.51 | 187.82 |
| Minimum allowance to live | 220.73 | 268.31 |
| Stamp duty | 22.34 | 27.15 |
| Sum of deductions | 618.30 | 751.61 |
| Net minimum wage | 2324.70 | 2825.90 |
| Cost to the employer | ||
| Gross minimum wage | 2,943.00 | 3577.50 |
| Employer’s share of the SSI premium | 456.17 | 554.51 |
| Employer share of unemployment insurance premium | 58.86 | 71.55 |
| Total cost to the employer | 3458.03 | 4203.56 |
