Gift Tax Calculator

No. Gifts from specified close relatives are generally exempt regardless of value under current income tax rules, while gifts from non-relatives may be taxable as 'income from other sources' above a certain threshold — check current exemption rules for specifics.

Yes, this is one of the most important factors — gifts between specified relatives (like parents, spouse, siblings) are treated differently from gifts received from friends or unrelated individuals.

Certain occasions, such as gifts received at one's own wedding, may have specific exemptions that don't apply to gifts received at other times — check current rules for the specific occasion.

Yes, gifts of immovable property, jewelry, or other property types are also covered under gift taxation rules, generally valued at fair market value or stamp duty value for calculating taxable amount.

The relative-based exemption generally still applies based on relationship, not residency status, but cross-border transfers may have additional reporting requirements — consult a tax professional for such cases.