Income TaxFY 2026-27 (AY 2027-28)
Gift Tax Calculator
Section 56(2)(x) — gifts from non-relatives are taxable above ₹50,000 aggregate per year. Marriage and inheritance fully exempt.
Gift details
Type of gift
Relationship
Occasion
Marginal slab rate
Tax payable
₹31,200
Taxable as Income from Other Sources
⚠ Taxable: Aggregate exceeds ₹50,000 — entire amount taxed at slab rate u/s 56(2)(x)
Threshold / safe harbour
₹50,000
Taxable value
₹1,00,000
Tax
₹30,000
Cess (4%)
₹1,200
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Section 56(2)(x) — taxable in the hands of the recipient as 'Income from Other Sources'. 'Relative' definition: spouse, siblings of self/spouse, lineal ascendants/descendants of self/spouse, and their spouses. Aggregate ₹50,000 threshold per FY for cash/movable; safe-harbour for immovable.
FAQs
Frequently asked questions
What counts as a 'relative' for gift tax?+
Spouse; brother/sister of self or spouse; brother/sister of either parent; any lineal ascendant or descendant of self or spouse; spouse of any of the above. Cousins, friends, in-laws (other than spouse's siblings) are NOT relatives.
Are wedding gifts really fully tax-free?+
Yes. Sec 56(2)(x) Proviso (b) — gifts received on the occasion of the individual's own marriage are fully exempt regardless of donor relationship or amount. Must be received in connection with the wedding.
What if I get a flat at half the market value from my uncle?+
Uncle (parent's brother) IS a relative — fully exempt. From a non-relative, the difference between FMV and consideration is taxable if it exceeds higher of ₹50K or 10% of consideration (safe harbour).
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