Social Security Max 2024 Deduction In India. Collect a pension from a job in which they did not pay social security taxes. Wealthier taxpayers will have more social security tax taken from their paychecks this year due to a wage base increase.

The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh. If you are working, there is a limit on the amount of your earnings that is taxed by social security.