Final days for income tax payment screen! The deadlines for taxpayers to declare income and pay taxes earned in 2024 were extended. Among the income taxes collected from individuals and companies, rental income declarations are also included. Taxpayers are researching “Income tax installment dates and tax brackets.” The income tax declaration process is done online through the Revenue Administration. Income tax is paid in two installments based on the income rate earned by individuals or companies last year. Here are the income tax brackets for 2024-2025…The deadline for the first installment of income tax payments was initially April 2, but it was announced extended to April 7. The first installment, along with stamp duty, is to be paid by April 7, while the second installment is due by July 31.
INCOME TAX PAYMENT SCREEN2025 Income Tax BracketUp to 158,000 TL – 15%For the portion of 330,000 TL over 158,000 TL, 23,700 TL, 20%For the portion of 800,000 TL over 330,000 TL, 58,100 TL (58,100 TL for salary income of 1,200,000 TL over 330,000 TL), 27%For the portion of 4,300,000 TL over 800,000 TL, 185,000 TL (293,000 TL for salary income of 4,300,000 TL over 1,200,000 TL), 35%For the portion over 4,300,000 TL, 1.410,000 TL (1,378,000 TL for salary income over 4,300,000 TL), 40%2024 Income Tax BracketUp to 110,000 TL – 15%For the portion of 230,000 TL over 110,000 TL, 16,500 TL, 20%For the portion of 580,000 TL over 230,000 TL, 40,500 TL (40,500 TL for salary income of 870,000 TL over 230,000 TL), 27%For the portion of 3,000,000 TL over 580,000 TL, 135,000 TL (213,300 TL for salary income of 3,000,000 TL over 870,000 TL), 35%For the portion over 3,000,000 TL, 982,000 TL (958,800 TL for salary income over 3,000,000 TL), 40%Rental income declarations must also be submitted by April 7. Property owners earning a minimum of 33,000 TL annually from residential properties and 230,000 TL from commercial properties in 2024 will have to pay income tax. Income tax returns can be submitted through the “gib.gov.tr” website, the Digital Tax Office, and the GIB mobile application. In addition, collections can be made at contracted banks and tax offices.In case income tax returns are not submitted on time, taxpayers may face penalties for irregularities. Furthermore, failure to pay taxes on time may result in penalties for tax losses and late payment interest for taxes.