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Cost Inflation Index (CII) for AY 2018-19 (FY 2017-18) [New Base Year FY 2001-02]

CBDT has notified the Cost Inflation Index(CII) vide its notification S.O. 1790(E) on 5th June 2017. The major change in this year's notification is the introduction of new base year as FY 2001-02 instead of earlier FY 1981-82. The CII notified for the Assessment Year 2018-19 (Financial Year 2017-18) is 272.

This notification shall come into force with effect from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 and subsequent years.

Assessment Year   (AY)

Financial Year   (FY)

Cost Inflation Index (CII)

YOY Hike

YOY Hike (%)

2018-19

2017-18

272

8

3.03%

2017-18

2016-17

264

10

3.94%

2016-17

2015-16

254

14

5.83%

2015-16

2014-15

240

20

9.09%

2014-15

2013-14

220

20

10.00%

2013-14

2012-13

200

16

8.70%

2012-13

2011-12

184

17

10.18%

2011-12

2010-11

167

19

12.84%

2010-11

2009-10

148

11

8.03%

2009-10

2008-09

137

8

6.20%

2008-09

2007-08

129

7

5.74%

2007-08

2006-07

122

5

4.27%

2006-07

2005-06

117

4

3.54%

2005-06

2004-05

113

4

3.67%

2004-05

2003-04

109

4

3.81%

2003-04

2002-03

105

5

5.00%

2002-03

2001-02

100

-

-

The Notification S.O. 1790(E) dated 5th June, 2017 is available here - link


What is Cost Inflation Index (CII)?

The meaning of Cost Inflation Index is given in the section 48 of the Income Tax Act, 1961.

"Cost Inflation Index", in relation to a previous year, means such Index as the Central Government may, having regard to seventy-five per cent(75%) of average rise in the Consumer Price Index (urban) for the immediately preceding previous year to such previous year, by notification in the Official Gazette, specify, in this behalf.

CII is notified by the Central Govt. each year in the Official Gazette.





This page was last updated on 7th June, 2017.

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