2024 Social Security Maximum Deductions In India. Employers can claim a deduction of up to 190 percent of the additional employee costs incurred by hiring new eligible employees during a fiscal year. India's economic growth continues to be the shining exception and will remain so in the years ahead.

New tax regime slabs revised, standard deductions hiked by ₹ 25,000. New) are some of the factors that determine an elderly citizen’s income tax.