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What is the latest Cost Inflation Index (CII) value in 2023?

Posted on 13 Apr 2023
Author: Sayan Sircar

Tags: Market Data ; Tax

4 mins read
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This article shows the latest Cost Inflation Index (CII) value for FY 2023-24. A table of historical values is also available.

What is the latest Cost Inflation Index (CII) value in 2023?

📚 Topics covered:

Understanding the Cost Inflation Index
What is the latest value of the Cost Inflation Index (CII)?
Historical Cost Inflation Index (CII) table
Using the CII for calculating capital gains

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.

What is the latest value of the Cost Inflation Index (CII)?

The Cost Inflation Index (CII) for FY 2023-24 (AY 2024-25) is 348. The index has increased by 5.14%.

Older CII values, to be used for assets purchased before 2001, are here: What are the historical Cost Inflation Index (CII) values since 1981?.

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Historical Cost Inflation Index (CII) table

Serial #	Financial Year	CII	%ch
1	2001-02	100	0.00%
2	2002-03	105	5.00%
3	2003-04	109	3.81%
4	2004-05	113	3.67%
5	2005-06	117	3.54%
6	2006-07	122	4.27%
7	2007-08	129	5.74%
8	2008-09	137	6.20%
9	2009-10	148	8.03%
10	2010-11	167	12.84%
11	2011-12	184	10.18%
12	2012-13	200	8.70%
13	2013-14	220	10.00%
14	2014-15	240	9.09%
15	2015-16	254	5.83%
16	2016-17	264	3.94%
17	2017-18	272	3.03%
18	2018-19	280	2.94%
19	2019-20	289	3.21%
20	2020-21	301	4.15%
21	2021-22	317	5.32%
22	2022-23	331	4.42%
23	2023-24	348	5.14%

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Using the CII for calculating capital gains

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Indexed purchase price calculation using CII table

As the above table shows, it is easy to calculate the indexed purchase price. In the table above, an asset purchased in FY 2008-09 (CII = 137) and being sold in FY 2017-18 (CII = 272), will have an indexed purchase price of ₹198.54.

We have covered capital gain calculation using CII in detail here: How to use the Cost Inflation index (CII): latest value and historical rates.

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