Oasdi Contribution Limit 2024 In India. For 2024, the base is $168,600 and the tax rate is 6.2 percent for employees and employers. That means the maximum any person can pay towards social security in 2024 is.
Yes, federal law requires that workers and employers contribute to the oasdi fund through social security taxation on income of up to $160,200 for 2023 and $168,600 in 2024. The ssa estimates the wage base limits for employers and employees for calendar years 2025 through 2033 based on three scenarios:
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