Latest Cost of Inflation Index Chart of Assessment Year 2013-14

CBDT has declared awaited Cost Inflation Index for Financial Year 2012-13. The CII is used in claculation of Long Term Capital Gain on Sale of Capital Consideration. If you have invest more than one year Short-Term Capital Assets then you in need of Cost Inflation Index Chart for computing long-term capital gain, cost of acquisition and cost of improvement may be indexed, if required, on the basis of following cost inflation index notified by the Central Government for this purpose. The assets having more than 3 years period consider as Long Term Capital Gain.

Calculation of Long Term Capital Gains (LTCG))

Long Term Capital Gains is computed as below :

LTCG = Full value of consideration received or accruing - (indexed cost of acquisition + indexed cost of improvement + cost of transfer)

Where, Indexed cost of acquisition =Cost of acquisition x CII of year of transfer /CII of year of acquisition

Indexed cost of improvement =Cost of improvement x CII of year of transfer /CII of year of improvement

CII = Cost Inflation Index (Please see chart given below)

Tax liability on LTCG to be taken at 20%.

If total income other than LTCG is less than zero slab,LTCG over the zero slab only attracts tax at 20%.

The following chart showing 32 years Cost of Inflection Index:

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Cost Inflation Index Chart
Sl. No.	Financial Year	CII= Cost Inflation Index	Sl. No.	Financial Year	CII= Cost Inflation Index
1	1981-82	100	17	1997-98	331
2	1982-83	109	18	1998-99	351
3	1983-84	116	19	1999-00	389
4	1984-85	125	20	2000-01	406
5	1985-86	133	21	2001-02	426
6	1986-87	140	22	2002-03	447
7	1987-88	150	23	2003-04	463
8	1988-89	161	24	2004-05	480
9	1989-90	172	25	2005-06	497
10	1990-91	182	26	2006-07	519
11	1991-92	199	27	2007-08	551
12	1992-93	223	28	2008-09	582
13	1993-94	244	29	2009-10	632
14	1994-95	259	30	2010-11	711
15	1995-96	281	31	2011-12	785
16	1996-97	305	32	2012-13	852