Social Security Wage Limit 2024 Base. Using the “intermediate” projections, the board projects the social security wage base will be $167,700 in 2024 (up from $160,200 this year) and will increase to. Base for 2024 under the above formula, the base for 2024 shall be the 1994 base of $60,600 multiplied by the ratio of the national average wage index for 2022 to that for.

At present, the contributions are payable on the maximum wage ceiling of ₹15,000 and the pension contribution is at the rate of 8.33% of the maximum wage. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security.