2024 401k Annual Compensation Limit In India. The irs also sets annual compensation limits in order to ensure the fair participation of all employees who participate in 401(k) plans. The table below shows the allowable contribution amounts and dollar limits for 2024 and 2023.

The irs also sets annual compensation limits in order to ensure the fair participation of all employees who participate in 401(k) plans. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.