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Depreciation Rate Chart PDF Free Download
Depreciation Rate Chart
The concept of depreciation is used for the purpose of writing off the cost of an asset over its useful life. Depreciation is a mandatory deduction in the profit and loss statements of an entity using depreciable assets and the Act allows deduction either using the Straight-Line method or Written Down Value (WDV) method.
The calculation for depreciation under the WDV method is widely used. However, in case the undertaking is engaged in power generation or its generation and distribution, there is an option to choose the straight-line method.
In certain circumstances, the Act also allows a deduction for additional depreciation in the year of purchase. To read about additional depreciation visit- Additional Depreciation Under the Income Tax Act.
| Building | 1 | Buildings used primarily for residential reasons (excluding boarding houses and hotels) | 5% |
| 2 | Buildings apart from those used primarily for residential reasons and not covered by sub-items 1 (above) and 3 (below) | 10% | |
| 3 | Plant and machinery excluding those covered by sub-items (2), (3), and (8) below | 40% | |
| 4 | Purely temporary erections like wooden structures | 40% | |
| Furniture and fittings | Furniture and fittings including electrical fittings | 10% | |
| Plant and machinery | 1 | Motor taxis, motor buses, and motor lorries used in a business of running them on hire | 15% |
| 2 | Motor cars, excluding those used in a business of running them on hire, procured or put to use on or after April 1, 1990 | 15% | |
| 3(i) | Aeroplanes, Aero Engines | 40% | |
| 3(ii) | The commercial vehicle which is procured by the assessee on or after October 1, 1998, but before April 1, 1999, and is used for any period of time prior to April 1, 1999, for the purpose of profession or business in agreement with the third proviso to clause (ii) of sub-section (1) of section 32 | 30% | |
| 3(iii) | Felt filter systemElectrostatic precipitation systemsScrubbercounter current / packedbed / venture / cyclonic scrubbersDust collector systemsEvacuation system and ash handling system | 40% | |
| 3(iv) | New commercial vehicle procured on or after October 1, 1998, but prior to April 1, 1999, in replacement of condemned vehicle of more than 15 years of age and is used for any period of time prior to April 1, 1999, for the purpose of profession or business in agreement with the third proviso to clause (ii) of sub-section (1) of section 32 | 40% | |
| 3(v) | New commercial vehicle procured on or after April 1, 1999, but before April 1, 2000, in replacement of condemned vehicle of more than 15 years of age and is put to use prior to April 1, 2000, for the purposes of profession or business in agreement with the second proviso to clause (ii) of sub-section (1) of section 32 | 40% | |
| 3(vi) | New commercial vehicle procured on or after April 1, 2001, but before April 1, 2002, and is put to use before April 1, 2002, for the purpose of profession or business | 40% | |
| 3(vii) | (a) Solid waste, control equipment Cryolite/mineral / lime / caustic / chrome recovery system (b) Resource recovery and solid waste recycling systems | 30% | |
| 3(viii) | Molds used in plastic and rubber goods factories | 40% | |
| 3(ix) | Aerated detritus chambers (including air compressor)Mechanical screen systemsMechanically skimmed grease and oil removal systemsFlash mixing equipment and chemical feed systems mechanical reactors and mechanical flocculatorsMechanically aerated activated sludge / diffused air systemsBiofiltersAerated lagoon systemsAir floatation systemsMethanerecovery anaerobic digester systemsSteam/air stripping systemsMarine outfall systemsUrea Hydrolysis systems activated carbon columnBiodisc or rotating biological contractorMarine outfall systemsIon exchange resin columnCentrifuge for dewatering sludge | 30% | |
| 3(x) | Plant and machinery used in the semi-conductor industry covering all integrated circuits (ICs) (not including hybrid integrated circuits) ranging from small scale integration (SSI) to large scale integration / very large scale integration (LSI/VLSI) as also discrete semiconductor devices like diodes, triacs, thyristors, transistors, etc., except those covered by entries (viii), (ix), (x) of this sub-item and sub-item (8) below | 40% | |
| 3(xi) | D.C Defibrillators for pacemakers and internal useColour DopplerHaemodialysisCobalt therapy unitVascular Angiography System including Digital subtraction AngiographyHeart lung machineSpect Gamma CameraMagnetic Resonance Imaging SystemVentilator used with anesthesia apparatusVentilator except those used with anaesthesiaSurgical laserGamma knifeFibreoptic endoscopes including audit resectoscope/paediatric resectoscope, arthoscope, peritoneoscopes, fibreoptic flexible nasal pharyngo, microaryngoscope, video laryngo, fiberoptic flexible laryngo bronchoscope.Bronchoscope, video oescophago gastroscope, video oescopghago bronchoscope, fibreoptic flexible oesophago gastroscope | 30% | |
| 3(xi)a | Plant and machinery procured and installed on or after September 1, 2002, in a water treatment system or a water supply project and put to use for the purpose of the business of providing infrastructure facility under clause (i) of sub-section (4) of section 80-IA | 40% | |
| 4 | Containers made of plastic or glass used as refills | 40% | |
| 5 | Computers including computer software | 40% | |
| 6 | Plant and machinery, used in processing, weaving and garment sector of textile industry, which is bought under TUFS on or after April 1, 2001, but prior to April 1, 2004, and is put to use prior to April 1, 2004 | 40% | |
| 7 | 4. Saltworks, condensers, reservoirs, salt pans, etc., made of clayey, sandy or earthy material or any other similar material | 40% | |
| 8 | 1. Wooden parts used in artificial silk manufacturing machinery | 40% | |
| 2. Match factories, wooden match frames | 40% | ||
| 3. Cinematograph films, bulbs of studio lights | 40% | ||
| Sand stowing pipes, winding ropes, tubs, and haulage ropes | 40% | ||
| 5. Quarries and mines | 40% | ||
| 9. Energy-saving devices | 40% | ||
| Safety lamps | 40% | ||
| 6. Flour mills, rollers | |||
| 7. Sugar works, rollers | 40% | ||
| 8. Steel and iron industry, rolling mill rolls | 40% | ||
| (A) Furnaces and specialized boilers | 40% | ||
| (i) Fluidized bed boilers / in fluid | |||
| (ii) Continuous pusher-type furnaces and flameless furnaces | 40% | ||
| (iii) High-efficiency boilers | |||
| (iv) Fluidized bed-type heat treatment | |||
| (iv) Microprocessor-based control systems | |||
| (B) Instrumentation and monitoring system for monitoring energy flows | 40% | ||
| (i) Digital heat loss meters | |||
| (ii) Automatic electrical load monitoring systems | |||
| (iii) Infrared thermography | |||
| (v) Meters for measuring heat losses, steam flow, furnace oil flow, power factor, and electric energy meters | |||
| (ii) Feed water heaters and economizers | |||
| (vi) Exhaust gas analysers | |||
| (vii) Maximum demand indicator and clamp on power meters | |||
| (viii) Fuel oil pump test bench | |||
| (C) Waste heat recovery equipment | 40% | ||
| (i) Air pre-heaters and recuperators | |||
| (iii) Thermal energy wheel for low and high-temperature heat recovery | |||
| (ii) Relays (automatic power cut-off devices) | |||
| (iv) Heat pumps | |||
| (D) Co-generation systems | 40% | ||
| (i) Controlled extraction, back pressure pass out, extraction cum condensing turbines for cogeneration along with pressure boilers | |||
| (ii) Organic rankine cycle power systems | |||
| (iii) Vapour absorption refrigeration systems | |||
| (iv) Low inlet pressure small steam turbines | |||
| (E) Electrical equipment | 40% | ||
| (i) Synchronous condenser systems and shunt capacitors | |||
| (v) Solid-state devices for controlling motor speeds | |||
| (iii) Power factor controller for AC motors | |||
| (iv) Automatic voltage controller | |||
| (vii) Thermally energy-efficient centers | |||
| (vi) FACT (Flexible AC Transmission) devices, Thyristor controlled series compensation equipment | |||
| (x) Intelligent electronic devices/remote terminal units, computer software/hardware, bridges/router, other required equipment and associated communication systems for data acquisition systems and supervisory control, distribution management systems, and energy management systems for power transmission systems | |||
| (viii) Series compensation equipment | |||
| (ix) TOD (Time of Day) energy meters | |||
| (i) Zero to ten percent excess air burners | |||
| (xi) Special energy meters for ABT (Availability Based Tariff) | |||
| (F) Burners | 40% | ||
| (i) Mechanical vapour compressors | |||
| (ii) Burners using air with high preheat temperature (above 300 degrees Celsius) | |||
| (iii) Emulsion burners | |||
| (G) Other equipment | 40% | ||
| (iii) Automatic microprocessor-based load demand controllers | |||
| (ii) Wet air oxidation equipment for recovery of heat and chemicals | |||
| (vi) Coal-based producer gas plants | |||
| (iv) Thin film evaporators | |||
| (v) Fluid couplings and fluid drives | |||
| Ocean-going ships including tugs, survey launches, dredgers, barges and other similar ships used primarily for dredging purposes and sighing vessels with a wooden hull | |||
| (vii) Super-charges/turbo charges | |||
| (viii) Sealed radiation sources for radiation processing plants | |||
| 10. Gas cylinders including regulators and valves | 40% | ||
| 11. Glass manufacturing concerns, Direct fire glass melting furnaces | 40% | ||
| 12. Mineral oil concerns | 40% | ||
| (i) Plant used in field operations (above ground) distribution, returnable packages | |||
| (ii) Plant used in field operations (below ground), but not including kerbside pumps including fittings and tanks used in field operations (distribution) by mineral oil concerns | |||
| 13. Renewable energy devices | 40% | ||
| (i) Pipe type and concentrating solar collectors | |||
| (ii) Flat plate solar collectors | |||
| (iii) Solar cookers | |||
| (iv) Air/fluid/gas heating systems | |||
| (v) Solar water heaters and systems | |||
| (vi) Solar crop drivers and systems | |||
| (vii) Solar steels and desalination systems | |||
| (viii) Solar refrigeration, air conditioning systems, and cold storage | |||
| (ix) Solar pumps based on solar-photovoltaic and solar-thermal conversion | |||
| (viii) Solar refrigeration, air conditioning systems, and cold storages | |||
| (xi) Solar-photovoltaic panels and modules for water pumping and other applications | |||
| (x) Solar power-generating systems | 40% | ||
| 15. Any special devices including electric pumps and generators operating on wind energy (installed on or after April 1, 2014) | 40% | ||
| 16. Books owned by assessees carrying on a profession | |||
| (i) Books, being annual publications | 40% | ||
| (ii) Books, excluding those covered by entry (i) above | 40% | ||
| (iii) Books owned by assessees carrying on business in running lending libraries | 40% | ||
| Ships | 4(i) | 14. Wind mills and any other specially designed devices that operate on windmills (installed on or after April 1, 2014) | 20% |
| 4(ii) | Vessels ordinarily operating on inland waters, not covered by sub-item (iii) below | 20% | |
| 4 (iii) | Vessels ordinarily operating on inland waters being speed boats | 20% |
| Language | English |
| No. of Pages | 5 |
| PDF Size | 1 MB |
| Category | General |
| Source/Credits | www.caclubindia.com |
Depreciation Rate Chart PDF Free Download