Long term Capital Gains Calculator after CII Indexation

long term capital gains calculator

This calculator helps you find exact taxable amount post indexation benefits

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How to use this calculator

  1. 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.
  2. Enter your actual purchase cost. In case your purchase happened prior to 2001-02, enter the actual market cost as of 2001-02 here.
  3. 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.
  4. 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.

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