Cost Inflation Index For Fy 2024-24. The income tax department notifies cost inflation index number for every financial year. Budget 2024 has proposed to remove the benefit of indexation on the transfer of any capital asset on or after 23 rd july 2024.

You can take values from the table to compute. This is where the cost inflation index, or cii acts like a saviour for indian investors and makes sure that you are only paying tax on actual gains after adjusting for.