What is the Cost Inflation Index (CII) for the Financial Year (FY 2024-25) and AY 2025-26?
Cost Inflation Index (CII) for FY2024-25 is 363
Cost Inflation Index (CII) for the previous year, i.e. FY2023-24 was 348.
The CII Number for the current and the last 5 financial years is Fy2023-24 (CII s 348), FY2022-23 (CII is 331), FY2021-22 (CII is 317), FY2020-21 (CII is 301), and FY2019-20 (CII is 289). For a list of historical CII numbers since the financial year 2001-02, please check this detailed post Historical Cost Inflation Index (CII) Numbers
This CII number is important as it will be used to compute inflation-adjusted long-term capital gains (LTCG) on assets such as a house, gold, debt mutual funds (MF), etc.
And it goes without saying that you can use the CII number to calculate inflation-adjusted cost only for those assets where inflation-adjusted (indexation benefit) is allowed. For example – the LTCG arising from equity shares and equity mutual funds is not eligible for indexation benefit. While earlier debt funds were eligible for indexation benefits., the same has now been changed and debt funds from 1st April 2023, will be taxed as per individual’s income tax slab rates and there will be no indexation available.
So now you know the latest CII number 363 for FY 2024-25 in India.