2024 Gift Tax Rate. The 2024 union budget introduced some modifications regarding the aadhaar card, stt, tds rate, and the direct tax vivad se. This exemption is combined with the estate tax exemption to cover both the total value of.
When calculating gift tax, you will need to know the gift value that exceeded the annual exclusion limit to determine the corresponding rate which ranges from 18% to 40%. Here we have provided a “cheat sheet” to keep in mind for 2024 federal estate, gift, and gst exemptions, as well as exemptions and inheritance tax.
