Social Security Limit 2024 Salary In India. Monthly contribution ranges from rs.55 to rs.200 depending upon the entry age of the beneficiary. The wage base or earnings limit for the 6.2% social security tax rises every year.
The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. The employer’s contribution, up to a limit of 10 percent of the salary (14 percent for government employees), which includes the basic salary and dearness.
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