What Is The Additional Medicare Tax For 2024 In India. The additional medicare tax is a 0.9% tax on earned income and the regular medicare tax of 1.45%. This particular aspect of the tax code directly impacts individuals and households with substantial incomes, defining who will be subject to the additional surtax and who won’t.
Highlights include revised tax slabs, increased deductions, and simplified taxation. No tax is payable on income up to rs 3.
