Cost Inflation Index for the FY 2023-24

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 CCI for FY 2023-24 Income tax

Cost inflation index (CII) is required 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.

CBDT has notified provisional cost inflation index for the FY 2023-24 on 10th April 2023 vide notification no Notification No. 21 /2023/F.No.370142/5/2023-TPL.

Vide notification Notification No. 39/2023/F. No.370142/5/2023-TPL dated 12th June 2023 final CII notified .

Here is the list of cost inflation index chart since FY 2001-02

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
21 2021-22 317
22 2022-23 331
23 2023-24 348

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