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<h1>Cost Inflation Index for 2024-25 Set at 363, Impacting Capital Gains Calculations Under Income Tax Law</h1> The Cost Inflation Index (CII) is used for calculating capital gains under income tax law. For the financial year 2024-25, the CII is set at 363, as per the notification dated June 5, 2017. The index provides a historical reference starting from the financial year 1981-82 with a base index of 100, and it increases annually, reflecting inflation adjustments. The index reached 1125 by the financial year 2016-17. This index is crucial for adjusting the purchase price of assets to account for inflation, thereby affecting the calculation of taxable capital gains.