Net salary is the amount received after taxes and social security deductions. Gross salary includes base salary, overtime, bonuses, and allowances. Turkey uses progressive income tax system with rates from 15% to 40%
Salary is a fixed payment made by employers for employee services. Salary is segmented into gross and net categories. Gross salary includes all benefits without deductions
Gross pay represents total salary without deductions. Includes work hours, overtime, tips, and other compensation. Highest number on paycheck. Required for loan applications and credit card companies
Income tax is progressive and varies annually based on income brackets. Social security contributions are 37.5% of gross salary, split between employer and employee. Stamp duty is 0.759% of gross salary. No tax allowance exists, instead employees receive tax-free minimum living allowance
Gross salary represents total earnings before deductions and taxes. Basic pay forms the foundation of all compensation. Allowances include HRA, DA, medical, and travel allowances. EPF contribution is 12% of basic salary. Bonuses and overtime pay are additional compensation
CTC represents total annual salary package for employee retention. Includes basic salary and various allowances like fuel, DA, and rent. Allowances cover daily expenses like leave, travel, and housing costs