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What are the historical Cost Inflation Index (CII) values since 1981?

This article lists the historical Cost Inflation Index (CII) values since 1981 which are to be used for capital gains tax calculation for assets purchased before 2001.

What are the historical Cost Inflation Index (CII) values since 1981?


Posted on 21 Nov 2023
Author: Sayan Sircar
8 mins read
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This article lists the historical Cost Inflation Index (CII) values since 1981 which are to be used for capital gains tax calculation for assets purchased before 2001.

What are the historical Cost Inflation Index (CII) values since 1981?

📚 Topics covered:

Understanding the Cost Inflation Index

The Cost Inflation Index (CII) is a number published by the Central Board of Direct Taxes (CBDT) for every financial year that is used to calculate capital gains on selling a capital asset like real estate, mutual funds, stocks or bonds.

The CII figure is published at the beginning of every financial year. It is used to rebase the purchase price of a capital asset, utilising the concept of indexation. The CII figure may be taken as a proxy for inflation.

The incometax website has CII data from 1981 onwards. In this article we have shown the CII values since 1981 so that you can calculate the capital gains tax for assets purchased before 2001. Please note that the formal guidance, as per income tax laws, is to use the fair market value of the asset in 2001, as per the report from an approved assessor for capital gain tax purpose.

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Historical Cost Inflation Index (CII) table from 1981 to 2016

Serial # Financial Year CII %ch
1 1981-82 100 0.00%
2 1982-83 109 9.00%
3 1983-84 116 6.42%
4 1984-85 125 7.76%
5 1985-86 133 6.40%
6 1986-87 140 5.26%
7 1987-88 150 7.14%
8 1988-89 161 7.33%
9 1989-90 172 6.83%
10 1990-91 182 5.81%
11 1991-92 199 9.34%
12 1992-93 223 12.06%
13 1993-94 244 9.42%
14 1994-95 259 6.15%
15 1995-96 281 8.49%
16 1996-97 305 8.54%
17 1997-98 331 8.52%
18 1998-99 351 6.04%
19 1999-00 389 10.83%
20 2000-01 406 4.37%
21 2001-02 426 4.93%
22 2002-03 447 4.93%
23 2003-04 463 3.58%
24 2004-05 480 3.67%
25 2005-06 497 3.54%
26 2006-07 519 4.43%
27 2007-08 551 6.17%
28 2008-09 582 5.63%
29 2009-10 632 8.59%
30 2010-11 711 12.50%
31 2011-12 785 10.41%
32 2012-13 852 8.54%
33 2013-14 939 10.21%
34 2014-15 1024 9.05%
35 2015-16 1081 5.57%
36 2016-17 1125 4.07%

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Source: https://incometaxindia.gov.in/Documents/Cost-Inflation-Index-upto-FY-2016-17.htm

This data is now superseded by a new series from 2001 onwards: How to use the Cost Inflation Index (CII): latest value and historical rates.

How to merge the old and new CII series data?

We have taken the CII data table from both 1981 and 2001 and continued the 1981 series using the same percentage changes in the new series from 2017 onwards. The merged table looks like this:

Serial # Financial Year CII %ch
1 1981-82 100 0.00%
2 1982-83 109 9.00%
3 1983-84 116 6.42%
4 1984-85 125 7.76%
5 1985-86 133 6.40%
6 1986-87 140 5.26%
7 1987-88 150 7.14%
8 1988-89 161 7.33%
9 1989-90 172 6.83%
10 1990-91 182 5.81%
11 1991-92 199 9.34%
12 1992-93 223 12.06%
13 1993-94 244 9.42%
14 1994-95 259 6.15%
15 1995-96 281 8.49%
16 1996-97 305 8.54%
17 1997-98 331 8.52%
18 1998-99 351 6.04%
19 1999-00 389 10.83%
20 2000-01 406 4.37%
21 2001-02 426 4.93%
22 2002-03 447 4.93%
23 2003-04 463 3.58%
24 2004-05 480 3.67%
25 2005-06 497 3.54%
26 2006-07 519 4.43%
27 2007-08 551 6.17%
28 2008-09 582 5.63%
29 2009-10 632 8.59%
30 2010-11 711 12.50%
31 2011-12 785 10.41%
32 2012-13 852 8.54%
33 2013-14 939 10.21%
34 2014-15 1024 9.05%
35 2015-16 1081 5.57%
36 2016-17 1125 4.07%
37 2017-18 1159 3.03%
38 2018-19 1193 2.94%
39 2019-20 1232 3.21%
40 2020-21 1283 4.15%
41 2021-22 1351 5.32%
42 2022-23 1411 4.42%
43 2023-24 1483 5.14%

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This post titled What are the historical Cost Inflation Index (CII) values since 1981? first appeared on 21 Nov 2023 at https://arthgyaan.com


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