Gift Amount For 2024 Schrikkeljaar. What is maximum amount he can gift to his brors daughter in law? Upto rs 50,000/year is not taxable.
Monetary gifts received by an individual or hindu undivided family (huf) are taxable if the aggregate value exceeds ₹50,000 in a financial year, provided they are received. In 2024, the annual gift tax exclusion is $16,000 per recipient.