Oasdi Limit 2024 Inflation In India. India inflation rate for 2022 was 6.70%, a 1.57% increase from 2021. The formula for determining the oasdi contribution and benefit base is set by law.

The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. The inflation forecast for fy26 is projected at 4.4 per cent.