2024 401k Contribution Limits Chart In India. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. 401(k) plans are also subject to several contribution limits.

The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.