Tax Exemption Form 2025. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025). Rs 5,00,001 to rs 10,00,000.
Eligibility criteria for applying to income tax exemption (80iac): Having income under the head profits or gains of business or profession.