Medicare Fica Rate 2024 In India

Medicare Fica Rate 2024 In India.  — in 2024, the medicare tax rate is 2.9%, with half (1.45%) paid by the employee and the other half (1.45%) paid by the employer. Employers are required to withhold 1.45% of each employee’s taxable wages to cover it.

An additional medicare tax applies to employees whose wages exceed the. 29 rows  — tax rates for each social security trust fund.