Fica Medicare Rates 2024 In India. — an employer's federal payroll tax responsibilities include withholding from an employee's compensation and paying an employer's contribution for social security and. — the 2024 rate for the medicare tax is set at 1.45% of an employee’s gross earnings, and the employer portion matches that 1.45%.
Employers are required to withhold 1.45% of each employee’s taxable wages to cover it. Employees and employers split the total cost.