Fica Tax Rates For 2024. You can calculate your fica taxes by multiplying your gross wages by the current social security and medicare tax rates. The social security wage base limit is.

Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to ₹17,500 in income taxes. The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised.