question for elko or others - employer contributions

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
06/10/2009 20:37

As the new minimum wage is now 1237 TL per month, what expenses in addition to this would an 'employer' of a member of staff on the minimum wage (or any wage come to that) have to pay. Presumably the 'employee' has to pay tax and NI but what of the 'employer'? What do they pay? and is this a percentage of the employee salary or what?

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
06/10/2009 21:15

On the assumption that the employee gets paid at all!



Richard

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
06/10/2009 21:21

Off thecuff, employer pays 8% for Social Insurance and 5% for Profidence Fund. The employee pays 5% for NI and 5% for PF. These percentages may be a little higher if the job has a high risk.

Minimum wage is free of any income tax.

ismet

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
06/10/2009 21:46

Thanks Ismet, so, employer pays 8% and 5% on the total amount paid to the employee, in this case 1237 tl, so 98.96 tl @ 8% and 61.85 tl @ 5% - Yes??

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
06/10/2009 23:33

yes

ismet

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
07/10/2009 00:21

Cheers Ismet :-0

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
07/10/2009 00:22

I meant