2024 Social Security Tax Limit Increase In India. One of the major updates is the rationalization of the tax rates under the new tax regime,. The increase in the standard deduction from ₹ 50,000 to ₹ 75,000 and the revision of the tax slab limit for the 5% tax rate from ₹ 5 lakh to ₹ 7 lakh will significantly.

One of the major updates is the rationalization of the tax rates under the new tax regime,. In 2024, the social security tax limit is set at $168,600, a notable increase from the $160,200 limit in 2023.