LEGAL AND TAXATION SIZE OF COMPENSATION, PAID BY MUTUAL RESCISSION CONTRACT BETWEEN WORKERS EMPLOYER

The vast majority of disputes between the employer and the worker are related to whether or not the wage and payments within the meaning of the wage that must be paid by the employer is subject to income tax cuts. In the Turkish Income Tax Law, the definition of wage is very broad and comprehensive and all the benefits that can be provided by cash and cash in kind, represented by the cash in return of services performed by employees registered and subject to an employer, have been evaluated as wage. Even the payment of salary, compensation, financial liability indemnity, allocation, wage increase, advance, contribution, meeting attendance fee, premium, bonus and payment of expenses are considered as a wage. In addition to this general description, many wages and indemnities are also exempt from income tax, either entirely or within certain limits