Jill Romona

2025 Gift Tax Limit Per Individual. Learn about the 2025 gift tax limit: For the calendar year 2025, the annual gift tax exclusion will increase to $19,000 per recipient, up from $18,000 in 2024.

Additionally, the lifetime estate and gift tax exemption will increase to $13.99 million per individual for 2025, up from $13.61 million in 2024. 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.