2024 Social Security Max Contribution In India. Wealthier taxpayers will have more social security tax taken from their paychecks this year due to a wage base increase. We call this annual limit the contribution and benefit base.

In 2024, the contribution and benefit base is $168,600. Social security rate for employees in india is expected to reach 12.00 percent by the end of 2024, according to trading economics global macro models and analysts.