Social Security Limit 2024 Increase In India. To improve social security benefits, deduction of expenditure by employers towards nps is proposed to be increased from 10 to 14 per cent of the employee’s salary. The taxable maximum salary for social security will rise to $168,600, and the earnings limit for employees up to full retirement age will increase to $22,320.

The indian government is considering extending social security benefits to domestic workers ahead of the upcoming general elections. The 2024 limit is $168,600, up from $160,200 in 2023.