Cost Inflation Index For Fy 2024-24. This is where the cost inflation index, or cii acts like a saviour for indian investors and makes sure that you are only paying tax on actual gains after adjusting for inflation. Income tax deduction and limits under section 80c, 80ccd in 2023.
The income tax department notifies cost inflation index number for every financial year. This cii number helps to calculate inflation adjusted cost or.
