Cost Inflation Index (CII)- for LTCG Calculation

Cost inflation index mainly used for calculation of long term capital gain (LTCG).

Current Cost Inflation Index Table

Financial YearCII for the Year
2001-02 : Base Year100
2002-03105
2003-04109
2004-05113
2005-06117
2006-07122
2007-08129
2008-09137
2009-10148
2010-11167
2011-12184
2012-13200
2013-14220
2014-15240
2015-16254
2016-17264
2017-18272
2018-19280
2019-20289
2020-21301
2021-22317
2022-23331
2023-24348

Indexed Cost of Acquisition Formula

Indexed Cost of Acquisition = CII for the year of Transfer * Cost of Acquisition / CII for the First Year or Financial Year 2001-02, Whichever is later

Frequently Asked Questions

In which year Cost Inflation Index was introduced in India?

In the year 1981, the Cost Inflation Index was introduced and later Base year changed to F.Y. 2001-02 (FMV on 1st April, 2001) and CBDT notifies the Cost Inflation Index every year in the official gazette.

What is the Cost Inflation Index for the Financial Year 2022-23 (Assessment Year 2023-24)?

The cost inflation index for the Financial Year 2022-23 is 331.

What is Excel Formula for Cost Inflation Index Calcualtion for LTCG?

Excel Formula =C3/C8*C9
Where,
C3= Cost of Acquisition
C8= CII for the Year of Acquisition
C9= CII for the year of Transfer

What is Full Form of CII?

CII Stand For “Cost Inflation Index” which is used in Calculation of LTCG in Income Tax.

What is the Cost Inflation Index for the Financial Year 2023-24 (Assessment Year 2024-25)?

The cost inflation index for the Financial Year 2023-24 is 348 (Press Release).

Excel Sheet for CII Calculation

Cost Inflation Index

Sources

Incometaxindia.gov.in

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