GROSS SALARY:

The gross salary is the amount of salary earned by an employee according to Turkish Labor Law.

·         Gross Salary = Net Salary + Sum of Deductions (Social Security Premium contributed by employee (including unemployment insurance) + income tax + stamp tax)

II- NET SALARY:

The net salary is the amount of salary actually received by employees.

·         Net Salary = Gross Salary – Sum of Deductions

III- EMPLOYER’S COST:

In addition to gross salary, the employer is obliged to pay the employer’s social security contribution and unemployment insurance premiums.

·         Total cost of the employee to the employer = gross salary + employer’s social security premium (including unemployment insurance)