Gift-Tax Act, 1958

Schedule-I - RATES OF GIFT-TAX

2[SCHEDULE 3[I]*

4[[See section 3(1)]]

RATES OF GIFT-TAX

(1)where the value of all taxable gifts does not exceed Rs. 20,0005 per cent of the value of such gifts;
(2)where the value of all taxable gifts exceeds Rs. 20,000 but does not exceed Rs. 50,000Rs. 1,000 plus 10 per cent of the amount by which the value of such gifts exceeds Rs. 20,000;
(3)where the value of all taxable gifts exceeds Rs. 50,000 but does not exceed Rs. 1,00,000Rs. 4,000 plus 15 per cent of the amount by which the value of such gifts exceeds Rs. 50,000;
(4)where the value of all taxable gifts exceeds Rs. 1,00,000 but does not exceed Rs. 2,00,000Rs. 11,500 plus 20 per cent of the amount by which the value of such gifts exceeds Rs. 1,00,000;
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