Social Security Tax Limit 2024 Pdf

Social Security Tax Limit 2024 Pdf. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual earnings up to a. More than rs 15 lakhs.

The standard social security tax rate is reduced from 6.2% to 0.93% on income up to the wage base limit. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual earnings up to a.