Social Security Tax Wage Limit 2024 In India. For 2024, that maximum is set at. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.

The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap. Standard deduction for salaried employees increased to rs 75,000.