What Is The Tax Free Gift Limit For 2025. In 2025, an individual can make a gift of up to $19,000 a year to another individual without federal gift tax liability. For 2025, the lifetime exemption is $13.99 million.
Any person cannot receive more than rs.2 lakh as cash gift in india from a person in a day in a single transaction as per the tax law under section 269st. You do not have to pay.