Gift Tax Rates 2024 Australia. 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 couples. For 2024, the annual gift tax exclusion is $18,000, meaning a person can.
50,000 per annum are exempt from tax in india. There’s no limit on how much money you can give as a gift and gifted money.