What Are The Fica And Medicare Rates For 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. An overview of fica tax components, the 2023 fica tax rates and limits, expected.
In other words, for 2024 & 2023, the fica tax rate is 15.30%,. The 2024 medicare tax rate is 2.9% total.
