Central Board of Direct Taxes (CBDT) the premier body regulating tax laws in India on June 14th 2022 published Cost Inflation Index (CII) for Financial Year 2022-2023 or Assessment Year 2023-2024 vide Notification No. 62/2022. Cost Inflation Index helps taxpayer calculation Long Term Capital Gain on sale of Long Term Capital Assets.
The Cost Inflation Index multiplier to be used for FY 2022-2023 notified is ‘331’.
Cost Inflation Index notified for FY 2021-2022, i.e. for the previous year is ‘317’.
Cost Inflation Index: Past Cost inflation index (CII) as notified by Central Government along with analysis of the same is as under from Financial Year 2000-01 to 2020-21:
| Financial Year | CII | Change in Percentage (%) | Financial Year | CII | Change in Percentage (%) |
| 2001-02 | 100 | – | 2012-19 | 200 | 8.69 |
| 2002-03 | 105 | 5 | 2013-14 | 220 | 10.00 |
| 2003-04 | 109 | 3.81 | 2014-15 | 240 | 9.09 |
| 2004-05 | 113 | 3.67 | 2015-16 | 254 | 5.83 |
| 2005-06 | 117 | 3.54 | 2016-17 | 264 | 3.94 |
| 2006-07 | 122 | 4.27 | 2017-18 | 272 | 3.03 |
| 2007-08 | 129 | 5.74 | 2018-19 | 280 | 2.94 |
| 2008-09 | 137 | 6.20 | 2019-20 | 289 | 3.21 |
| 2009-10 | 148 | 8.03 | 2020-21 | 301 | 4.15 |
| 2010-11 | 167 | 12.84 | 2021-22 | 317 | 5.31 |
| 2011-12 | 184 | 10.18 | 2022-23 | 331 | 4.41 |