Maximum Tax Free Gift 2024 In India. Presently, gifts received (i) from relatives or (ii) on the occasion of marriage, or (iii) under a will, or (iv) in contemplation of death of the donor or (v) where aggregate value of gift is. If the gift value is higher than this, then the entire amount and not just the.

11 rows the income tax act states that gifts whose value exceeds. The 2024 gift tax limit is $18,000, up from $17,000 in 2023.