17-July-2026
Taxation
 
India Cost Inflation Index at 384 in FY27, up from 376 a year earlier, CBDT notifies
16-Jul-2026

India's direct tax body has notified the Cost Inflation Index (CII), a tool to measure the rise in cost due to inflation, for fiscal year ending March 31, 2027, at 384. The Central Board of Direct Taxes notifies CII every year and it was 376 in fiscal year 2026. This will apply to the tax year 2026-27 on and from April 1, 2026, and subsequent tax years, accordng to a gazette notification.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/indias-direct-tax-body-cbdt-notifies-cost-inflation-index-for-this-fiscal-year-2027-at-384/articleshow/132428806.cms
 
 
 

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