Cost Inflation Index for Income Tax Calculation | SBI Life
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Cost Inflation Index for Income Tax Calculation | SBI Life

Insurance Basics & Financial Advice As the world emerges from the long shadow of the Covid pandemic, people everywhere have realised that life insurance and a secure financial future are key aspects to leading a stress-free life. Increasingly, many are moving towards investments that offer sound returns in the long run and also provide the assurance of life cover.

Cost Inflation Index for Income Tax Calculation | SBI Life

8 Minute |

Cost Inflation Index for Income Tax Calculation | SBI Life

Cost Inflation Index

What is Cost Inflation Index

Purpose of Cost Inflation Index

New Cost Inflation Index Table for the Financial Years

Old Cost Inflation Index Table

How is the Cost Inflation Index used in Income Tax?

What is the concept of the base year in the Cost Inflation Index?

How to Calculate Cost Inflation Index?

Why is the Cost Inflation Index calculated?

How is indexation benefit applied to long-term capital assets?

FAQs

What does CII mean in the context of income tax?

When was the Cost Inflation Index introduced in India?

What is the formula for computing indexation cost?

How much is the cost inflation index for the year 2022-23?

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