This calculator helps you find exact taxable amount post indexation benefits
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How to use this calculator
- Please enter your year of purchase. In case your purchase happened prior to 2001-02, choose 2001-02 and actual market cost as of that year in purchase value.
- Enter your actual purchase cost. In case your purchase happened prior to 2001-02, enter the actual market cost as of 2001-02 here.
- Enter the year when you actually sold your property. Please note that this calculator only works if you sold your property prior to FY 2016-17, this calculator won't be valid as CII table base year was changed in that financial year.
- Enter your actual sale proceeds.
Once you do this, the calculator will automatically calculate the exact amount on which you have to pay tax as per your tax slab/tax rate. It will take into account the CII indexation value declared by income tax department as per the year of purchase and sale.
The next step will be for you to take that amount and calculate tax as per the following table:
Asset Type | Holding Period | Type of Tax | Tax Rate |
|---|---|---|---|
Property | >24 months | Long Term | 20% after indexation |
Property | <24 months | Short Term | At Tax Slabs |
Unlisted Shares | >24 months | Long Term | 20% after indexation |
Unlisted Shares | <24 months | Short Term | At Tax Slabs |
Other eligible assets | >36 months | Long Term | 20% after indexation |
Other eligible assets | <36 months | Short Term | At Tax Slabs |
Please note that indexation benefit only applies if your asset qualifies for long term capital gains tax post indexation.
You won't get these benefits on any asset sale that's not eligible for long term capital gains tax or is eligible for long term capital gains tax but isn't eligible for indexation benefits explicitly.
How does CII calculation work
CII Indexation provides tax benefits because of inherent inflation that may have happened in the economy. The formula used for this is as follows:
Indexed cost of acquisition = Actual purchase price * (index in the year of sale/index in the year of purchase)
Long term Capital gains after Indexation = Sales consideration - Indexed cost of acquisition
Taxes = 20% * Long term capital gains after indexation
CII Table
Financial Year | Assessment Year | CII Value |
|---|---|---|
2017-18 | 2018-19 | 272 |
2016-17 | 2017-18 | 264 |
2015-16 | 2016-17 | 254 |
2014-15 | 2015-16 | 240 |
2013-14 | 2014-15 | 220 |
2012-13 | 2013-14 | 200 |
2011-12 | 2012-13 | 184 |
2010-11 | 2011-12 | 167 |
2009-10 | 2010-11 | 148 |
2008-09 | 2009-10 | 137 |
2007-08 | 2008-09 | 129 |
2006-07 | 2007-08 | 122 |
2005-06 | 2006-07 | 117 |
2004-05 | 2005-06 | 113 |
2003-04 | 2004-05 | 109 |
2002-03 | 2003-04 | 105 |
2001-02 | 2002-03 | 100 |
Purchases that happened prior to that base year will be marked to 2001-02.
