Cost of Inflation Index Chart from Year 1981-82 to 2013-14

Check Cost of Inflation Index Chart from Year 1981-82 to Year 2013-14. Each Year Central Board of Direct Taxes (CBDT) issues the Inflation index for the year based on the inflation in the India for income tax purpose, this Cost of Inflation is used in calculating the index value of capital assets, so that index value can be used as Current Cost of Capital asset and net Long Term Capital Gain can be calculated. Cost of Inflation Index for Year 2012-2013 is 852 and  Cost of Inflation Index for Year 2013-2014 is 939. Also read Rate of Income Tax on Sale of  Capital Assets

Fin. Year Index

Fin. Year Index

1981-82

1982-83

1983-84

1984-85

1985-86

1986-87

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

100

109

116

125

133

140

150

161

172

182

199

223

244

259

281

305

331

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

351

389

406

426

447

463

480

497

519

551

582

632

711

785

852

939

Example: How to Calculate Index Cost of Asset

If a assess purchased a house for Rs 200000 on 25th December 1988 and sellout for Rs.1000000 on 20 the December 2012 the computation will be as follows :

Sale consideration:1000000
Less Cost of Acquisition^945783
Capital gain:54217

*200000/166*785 =945783

Latest Update: Cost of Inflation Index for Year 2012-2013 is 852

One thought to “Cost of Inflation Index Chart from Year 1981-82 to 2013-14”

  1. Please update me every time regarding updates in Circulars, Rules, Acts, Bills, etc. of Central Government both for Direct & Indirect Taxation in my valid email ID.

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