Income tax tariff brackets to be applied in 2021 have been calculated by the Treasury and Finance Ministry on the basis of the revaluation rate (9,11%) set for 2020. These tariff brackets have been announced through the Income Tax General Communique series no.313 published in the repetitive Official Gazette dated 29 December 2020. Income bracket | Tax rate | Up to TRL 24,000 | %15 | TRL 3,600 for TRL 24,000 of TRL 53,000, more | %20 | TRL 9,400 for TRL 53,000 of TRL 130,000 (TRL 9,400 for TRL 53,000 of TRL 190,000 in wage income), more | %27 | TRL 30,190 for the TRL 130,000 of the TRL 650,000 (TRL 46,390 for TRL 190,000 of TRL 650,000 in wage income), more | %35 | For the TRL 650,000 of over TRL 650,000, TRL 212,190 (TRL 207,390 for TRL 650,000 of over TRL 650,000 in wage income), more | %40 | |