Gift Tax 2024 Exclusion From Income Tax. Married couples can each gift $18,000 to the same person, totaling $36,000, up from $34,000 in 2023.  — gift tax in india.

Adjusted for inflation, the current exemption is $13.61 million.  — in 2024, individuals can transfer $13,610,000 free of estate, gift and gst tax during their lives or at death;