The income tax department has notified the cost inflation index (CII) for FY25, relevant to assessment year 2025-26, at 363, which is higher than 348 for FY24, and 331 for FY23. The CII is a tool ...

A look at cost inflation index shows that in the last couple of ... of the rise and the trend that is being witnessed about CII. Tax guru Subhash Lakhotia explains on how one can save tax ...

specifically using the Cost Inflation Index (CII) published under the Income Tax Act of 1961. Before this amendment, salary revisions were conducted ad hoc and required parliamentary approval each ...