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