2024 401k Contributions Catch Up In India. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The limit for overall contributions—including the employer match—is 100% of your.
This means you will not get the tax benefit. If you are 50 or older, you can defer paying income tax on $30,000 in your 401.