CBDT notified Cost inflation index (CII) for the FY 2020-21

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Cost Inflation Index

CBDT notified cost inflation index (CCI) for the FY 2020-21 vide notification no 33/2020 dated 12th June 2020. Cost inflation index for the FY 2020-21 is 301 which is applicable from 01st April 2020. Here is the complete list of CCI since FY 2001-02. #Cost inflation index chart

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 2010-11 167
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

Cost inflation index (CII) is useful to calculate the inflation-adjusted cost of asset acquisition/ improvement for computation of long term capital gain (LTCG) of assets, this indexation can help to reduce tax liabilities on long term capital gain.

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