Gift Tax Calculator

Check whether a gift is taxable under section 56(2)(x) — the ₹50,000 aggregate threshold, and the exemptions for relatives, marriage and inheritance.

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Inputs

Aggregate value of gifts in the year (₹)

Received from a relative (as defined)?

On occasion of own marriage / by inheritance / will?

Recipient's marginal slab rate

Taxable amount

₹0

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Working

Indicative. Under s.56(2)(x), if aggregate gifts from non-relatives exceed ₹50,000 in a year, the whole amount is taxable as "income from other sources." Gifts from specified relatives, on the occasion of the recipient's marriage, or by inheritance/will are exempt. Property gifts use stamp/fair value. Confirm the relationship and valuation.