Gift Tax 2024 Exempted. For 2024, the annual gift tax exclusion is $18,000, meaning a person can give up to $18,000 to as many people as he or she wants without having to pay any taxes on the gifts. 11 rows here is the list of gifts exempted from tax along with details of.

The table below highlights gift tax rules in india. Learn about gift tax rules in india, including exemptions, taxability, and the impact on recipients.