Gift Tax 2024 Limit Calculator. The first $18,000 is exempt from tax but you do need to file a gift tax return for 2024. 5% for gifts under €8,072, up to.

Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married. 50,000 per annum are exempt from tax in india.