Fica And Medicare Rates 2024 In India

Fica And Medicare Rates 2024 In India. For both of them, the current social security and.  — for both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively.

That is a total of 7.65% for each party or 15.3% for both parties. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.