Cost Inflation Index for the FY 2022-23

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 usually notifies cost inflation index for the financial year on or before 15th June of the financial year, so as to enable taxpayers to calculate advance tax as per latest cost inflation index.

CBDT has notified cost inflation index for the FY 2022-23 on 14th June 2022 vide notification no 62/2022

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

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