What Are The Fica And Medicare Rates For 2024 In India

What Are The Fica And Medicare Rates For 2024 In India. Fica is a 15.3% payroll tax that funds social security and medicare. Attention to detail is important when discussing fica rates and limits, as they may change each calendar year.

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. Learn precise tax calculation examples and stay compliant to avoid penalties