Social Security Income Tax Limit 2024 In India. However, you’ll never pay taxes on more than 85% of your social security income, though the income. Dipesh jain, partner, economic laws practice said, fm is expected to hike standard deduction amount of.

The highest surcharge limit for individuals earning above inr 5 cr under the new tax regime is 25%, and 37% under the old tax regime.  — understanding the social security tax limit for 2024.