Cost Inflation Index

Financial YearCIIFinancial YearCII
1981-821001998-99351
1982-831091999-2000389
1983-841162000-01406
1984-851252001-02426
1985-861332002-03447
1986-871402003-04463
1987-881502004-05480
1988-891612005-06497
1989-901722006-07519
1990-911822007-08551
1991-921992008-09582
1992-932232009-10632
1993-942442010-11711
1994-952592011-12785
1995-962812012-13852
1996-973052013-14939
1997-983312014-151024

How to Calculate Long Term Capital Gains?

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%.