What Is The 2024 Social Security Tax Limit In India. Indian social security is broadly governed by the employees’ provident fund and miscellaneous provisions act, 1952 (pf act) and schemes made. 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 enhance disposable.

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 enhance disposable. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).