Final days for income tax payment screen! The deadlines for filing declarations and paying taxes on incomes earned in 2024 were extended. The rental income declaration is among the income taxes collected from individuals and companies. Taxpayers are conducting research on “Income tax installment dates and tax brackets”. The income tax declaration process is carried out online through the Revenue Administration Presidency. Income tax is paid in two installments according to the income ratio obtained by individuals or companies in the previous year. Here are the income tax brackets for 2024-2025… The deadline for the first installment of income tax payments was initially April 2nd but was extended to April 7th. The first installment, along with stamp duty, will be paid by April 7th, and the second installment will be paid by July 31st.
INCOME TAX PAYMENT SCREEN2025 Income Tax BracketUp to 158,000 TL – 15%23,700 TL for the portion of 330,000 TL over 158,000 TL, excess – 20%58,100 TL for the portion of 800,000 TL over 330,000 TL (58,100 TL for the portion of 1,200,000 TL over 330,000 TL in wages), excess – 27%185,000 TL for the portion of 4,300,000 TL over 800,000 TL (293,000 TL for the portion of 4,300,000 TL over 1,200,000 TL in wages), excess – 35%1,410,000 TL for the portion of over 4,300,000 TL (1,378,000 TL for the portion of over 4,300,000 TL in wages), excess – 40%2024 Income Tax BracketUp to 110,000 TL – 15%16,500 TL for the portion of 230,000 TL over 110,000 TL, excess – 20%40,500 TL for the portion of 580,000 TL over 230,000 TL (40,500 TL for the portion of 870,000 TL over 230,000 TL in wages), excess – 27%135,000 TL for the portion of 3,000,000 TL over 580,000 TL, (213,300 TL for the portion of 3,000,000 TL over 870,000 TL in wages), excess – 35%982,000 TL for the portion of over 3,000,000 TL, (958,800 TL for the portion of over 3,000,000 TL in wages), excess – 40%Rental income declarations must also be submitted by April 7th. Property owners who earn a minimum of 33,000 TL annually from residential properties and 230,000 TL from commercial properties in 2024 will pay income tax. Income tax declarations 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. Failure to submit income tax declarations on time can result in penalties for taxpayers. Moreover, failure to pay taxes on time can incur penalties for tax losses and late payment interest.