Social Security Income Tax Limit 2024 In India

Social Security Income Tax Limit 2024 In India. Surcharge and cess are applicable as per rules. It also increased the standard deduction limit to rs 75,000 from rs 50,000 under the new regime.

In 2024, the social security tax limit is set at $168,600, a notable increase from the $160,200 limit in 2023. If your social security income is taxable, the amount you pay will depend on your total combined retirement income.