Social Security Max Income Allowed 2024 In India. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. Standard deduction for salaried employees increased to rs 75,000.
Nirmala sitharaman’s budget 2024 raises standard deduction to rs 75,000 for salaried individuals and pensioners, and rs 25,000 for family pensioners. Budget 2024 income tax expectations: