Medicare Employee Additional Tax Rate 2024. The 2024 union budget introduced some modifications regarding the aadhaar card, stt, tds rate, and the direct tax vivad se. That means you’ll pay 2.35% in medicare taxes if you receive employment wages.

It’s a mandatory payroll tax applied to earned. Earned income above a certain threshold is subject to the 0.9% surtax, while investment income can be taxed at an additional 3.8%, depending on the filer’s modified adjusted.