Cost inflation index for financial year 2015-16

The Income tax department has notified cost inflation index(CII) for the financial year 2015-16. Cost inflation index is the calculation tool with which capital gain of sale of assets is calculated. CBDT issued a notification no. 60/2015 dated 24 July 2015 about cost inflation index for financial year 2015-16. Cost inflation index for financial year 2015-16 and the previous Cost inflation index of 34 years are as follows.

S.O. 2031 (E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:- 2. In the said notification, in the Table, after serial number 34 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- 
Sl. No. Financial Year Cost Inflation Index
(1)           (2)                           (3)
 “35        2015-16                   1081”.

Financial Year
Cost Inflation index(CII)
2015-16
1081
2014-15
1024
2013-14
939
2012-13
852
2011-12
785
2010-11
711
2009-10
632
2008-09
582
2007-08
551
2006-07
519
2005-06
497
2004-05
480
2003-04
463
2002-03
447
2001-02
426
2000-01
406
1999-2000
389
1998-99
351
1997-98
331
1996-97
305
1995-96
281
1994-95
259
1993-94
244
1992-93
223
1991-92
199
1990-91
182
1989-90
172
1988-89
161
1987-88
150
1986-87
140
1985-86
133
1984-85
125
1983-84
116
1982-83
109
1981-82
100
 Tags-cost inflation index 2015-16,cii 2015-16 cost inflation index 2015-16,cost inflation index financial year 2015-16,cost inflation index fy 2015-16,cost inflation index ay 2015-16,cost inflation index analysis year 2016-17
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