# Cost Inflation Index Table from 2001 to 2023-24

Indexed Cost of Acquisition shall be calculated in two steps. Calculating the cost of acquisition of capital assets is the first step. CII of the year in which the capital asset is transferred is multiplied by the cost of acquisition and divided by either CII of 2001-02 or CII of the year in which the asset is first held by the assessee. The following notified Cost Inflation Index shall be used to calculate the acquisition cost:

New Cost Inflation Index Table: Check here the latest cost inflation index table.

 Sr.No. Financial Year Cost Inflation Index 1 2001-02 100 2 2002-03 105 3 2003-04 109 4 2004-05 113 5 2005-06 117 6 2006-07 122 7 2007-08 129 8 2008-09 137 9 2009-10 148 10 2010-10 167 11 2011-12 184 12 2012-13 200 13 2013-14 220 14 2014-15 240 15 2015-16 254 16 2016-17 264 17 2017-18 272 18 2018-19 280 19 2019-20 289 20 2020-21 301 21 2021-22 317 22 2022-23 331 23 2023-24 3481

## Cost Inflation Index From 1981-82 to 2016-17

 F.Y. CII F.Y. CII 1981-82 100 1999-00 389 1982-83 109 2000-01 406 1983-84 116 2001-02 426 1984-85 125 2002-03 447 1985-86 133 2003-04 463 1986-87 140 2004-05 480 1987-88 150 2005-06 497 1988-89 161 2006-07 519 1989-90 172 2007-08 551 1990-91 182 2008-09 582 1991-92 199 2009-10 632 1992-93 223 2010-11 711 1993-94 244 2011-12 785 1994-95 259 2012-13 852 1995-96 281 2013-14 939 1996-97 305 2014-15 1024 1997-98 331 2015-16 1081 1998-99 351 2016-17 1125

## How to calculate indexed cost of acquisition?

To calculate the indexed cost of acquisition, you have to follow three points as given below.

• Cost of acquisition (Your purchase price of the property)
• Cost Inflation Index of the Previous Year in Which the Asset is Transferred (When Property Sold Out)
• Cost Inflation Index of the year in which the asset was first held by the assessee or. 1.4.1981 (now 1-4-2001 w.e.f. F.Y. 2017-18) (whichever is later)

Now to calculate the indexed cost of acquisition, use the following formula.

Cost of Acquisition (Purchase Price)  x CII of the year of transfer / CII of the year acquisition = Indexed cost of acquisition

## Example to understand Cost of Inflation Index

• A purchased a plot on 4-1-1978 for Rs.1,00,000/-
• The land was sold by A on 1-6-2016 for Rs.18,00,000/-
• The expenses on transfer were 2% of the sale price
• The market value of the land as on 1-4-1981 was Rs. 1,20,000/-
 Sale Consideration 18,00,000/- Less: Expenses on Transfer 36,000/- Indexed cost of acquisition – 1,20,000 x 1125 / 100 = CII of F.Y. 2016-17 is 1125 CII of F.Y. 1981-82 is 100 13,50,000/- 13,86,000/- Long-term capital gain 4,14,000/-
1. Updates on 10-04-2023: For the Financial Year 2023-24 (Assessment Year 2024-25), the CBDT has announced that  the Cost Inflation Index will be 348, which has been increased from the 331 previously announced. Notification No. 21 /2023/F.No.370142/5/2023-TPL

### 7 thoughts on “Cost Inflation Index Table from 2001 to 2023-24”

1. i have purchased a plot in [email protected] n expenses to secure the property cost total 1 lakh. this property may be sold in 90 lakh . what will be my LTCG .

2. I sale a long term house on 30june 17 and incurred cost of improvement on 1 January 2017 wether cost of improvement will indexed or not

3. Which ITR to use for showing income from Infra bonds redeemable after 5yrs?

4. hi i would like to know how much income tax i need to pay if i sell plot of mine for rupees 50 lakh..which i purchased in 2009 for rupees 10 lakh

5. If the immovable property is purchased well before the base reference year how to calculate the cost inflation index applicable to property if it is to be sold now

6. I have incurred following costs on my residential property which I may want to sell soon.
Cost – 6 lacs in 1997 – 98
Maintenance paid to Society – about Rs.700/- pm for 18 years
Registration cost – about Rs.1.0 lac in 2009
What will be my exemption limit on sale value for assessment of tax. It may sell for about 40lacs now.