What Is The 402g Limit For 2024 In India

What Is The 402g Limit For 2024 In India. What is the 402(g) limit? Get the latest news, date, expectations, income tax updates, and more on news18.com.

The limitation under code section 402 (g) (1) on the exclusion for elective deferrals described in code section 402 (g) (3) is $19,500, the same level as 2020. For those who might not be aware of a 402 (g) excess deferral, it occurs when a participant’s total elective deferrals exceed the annual limit for retirement plans.