This article is about Turkish salary calculation.
Amount to be paid and Turkish salary calculation / CAP
Employees who qualify shall be paid a severance pay equal to the last 30 days gross wages for each full year of employment. For a portion of a year, pro rata payment shall be made.
In Turkish salary calculation of the last 30 days wage, amount paid, some contractual and statutory benefits in kind provided by employer shall be taken into account. There is a cap for severance pay and it is 5001, 76 TRY/Year for the first half of 2018. However, this limit may be increased by provisions of employment contracts.
However, there is no severance pay cap amount for press employees. They will be paid a severance pay equal to last 30 days gross wages for each full year of employment.
Severance payment is subject to stamp tax only, no income tax is apllicable.
Employer’s right to terminate without severance pay
The employer may break the contract, whether for a definite or indefinite period, before its expiry or without having to comply with the prescribed notice periods, in the following cases :
For reasons of health
For immoral, dishonorable or malicious conduct or other similar behavior
Force majeure
If the employee’s absence from work exceeds the notice period due to being taken into custody or being arrested
Violation of occupational safety by the employee
Detailed informations about Turkish salary calculation is available on Azkan Group website. Azkan Group Payroll Turkey Company is also specialized since 2005 in Recruitment Turkey.
Do not hesitate to contact you regarding all you investment/business projects in Turkey.
Azkan Group is based in both Istanbul and Paris in order to better support foreign companies in Turkey.
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