2024 Social Security Limit Wages In India. Social security rate for employees in india averaged 12.00 percent from 2008 until 2024, reaching an all time high of 12.00 percent in 2009 and a record low of 12.00 percent in. Social security rate in india is expected to reach 24.00 percent by the end of 2024, according to trading economics global macro models and analysts expectations.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. To stimulate demand, the government has announced measures to improve employment opportunities, skill development, and increase disposable income.