Under the ICC's newly-released playing schedule, the two nations will play each every year from 2007 to 2011, either in Tests or limited-overs matches.
The Australians will tour India each year from 2007 to 2010, with India coming down under in 2007 and 2011 for four Tests and the triangular One-day series.
Contests between the two cricket strong nations took off in 2001 after Harbhajan Singh, VVS Laxman and Rahul Dravid engineered India's improbable 2-1 home series victory triggered with the miracle comeback win in the second Calcutta Test.
In 2003-4 the Indians pushed Steve Waugh's Australians all the way to split a four-Test series 1-1 in Australia.
Australia downed India 2-1 in their last four-Test series in India in 2004.