Depreciation chart as per Income Tax Act for FY 2012-13

Depreciation chart as per Income Tax Act for FY 2012-13 and AY 2013-14

Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act .

  1. Building
  2. Furniture
  3. Plant and Machinery (P&M)
  4. Ships
  5. Intangible assets

There is a concept of block of assets. Blocks of assets are defined based on rates of depreciation of respective block. There are total 13 different rates of depreciation hence there are total 13 Blocks of assets.

Depreciation chart as per Income Tax Act for FY 2012-13 and AY 2013-14 is as under:

Asset ClassBlock NumberSub item NumberAsset TypeRate of Depreciation
BuildingBlock-01i.Residential buildings except hotels and boarding houses005%
BuildingBlock-02ii.Other than Residential buildings (not covered in Block No.1 &3)010%
BuildingBlock-03i.Buiding acquired on or after 01st Sep,2002 for installing P&M forming part of water supply project or water treatment systmen and which is put to use for the prupose of business of providing infrasturcture facilities u/s 80-IA(4)(i)100%
BuildingBlock-03ii.Purely temporary erections such as wooden structures100%
Furniture  Block-04i.Furniture - Any furniture / fittings including electricals fittings010%
Plant & MachineryBlock-05i.Motor cars other than thouse used in a business of running them on hire015%
Plant & MachineryBlock-05ii.P&M other those  covered in block no. 6 to 11 below.015%
Plant & MachineryBlock-06i.Motor buses/taxies/lorries used in a business of running them on hire030%
Plant & MachineryBlock-06ii.Moulds used in plastic and rubber factories030%
Plant & MachineryBlock-06iii.P&M used in semi conductor industry other than those covered in Block no. 11 below030%
Plant & MachineryBlock-07i.Aeroplanes-Aeroengies040%
Plant & MachineryBlock-07ii.Commerical vehicle acquired on or after 01st Oct,1998 but before 01st Apr,1999 and is put to used before 01st Apr,1999 for purpose of Business or Profession (B or P)040%
Plant & MachineryBlock-07iii.Sepcified life saving medical equipment040%
Plant & MachineryBlock-08i.New commerical vehicle acquired/purchased on or after 01st Apr 2001 but before 01st Apr,2002 and put to use before 01st Apr,2002 for (B or P)050%
Plant & MachineryBlock-08ii.New commercial vehicle acquired/purchased on or after 01st Jan,2009 but before 01st Oct,2009 and put to use before 01st Oct,2009 for (B or P)050%
Plant & MachineryBlock-08iii.Glass or Plastic containers used as re-fills050%
Plant & MachineryBlock-08iv.P&M used in weaving , processing and garment sector of textile industry purchased under TUFS on or after 01st Apr,2001 but before 01st Apr,2004 and put to use before 01st Apr,2004050%
Plant & MachineryBlock-09i.Computers and computer software060%
Plant & MachineryBlock-09ii.Books owned by professional (other than annual publications  or books owned by assesses carrying on business in running lending libraries)060%
Plant & MachineryBlock-09iii.Gas cylinder,valves and regulators. Direct fire glass melting furnaces, Plant used in filed operations distribution above/below ground but not include kerbside pumps & underground tanks and fittings used in field operations (distribution) by mineral oil concerns.060%
Plant & MachineryBlock-10i.Energy saving and renewal energh devices,Rollers used in flour mills and sugur works, Rolling mill rolls used in iron and steel industry.080%
Plant & MachineryBlock-11i.P&M  acquired and installed on or after 01st Sep,2002 in water supply project or a water treatment system and put to use for the purpose of business of providing infrasturcture facility u/s 80-IA(4)(i).100%
Plant & MachineryBlock-11ii.Wooden parts used in artificial silk manufacturing machinery100%
Plant & MachineryBlock-11iii.Cinematograph films- bulbs of studio lights.100%
Plant & MachineryBlock-11iv.Mach factories-wooden match frames.100%
Plant & MachineryBlock-11v.Windnig ropes,Tubes, haulage ropes and sand stowing pipes, and safety lamps used in mines and quarries100%
Plant & MachineryBlock-11vi.Salt works-Salt pans, resrvoirs and condensers , etc. made of earthy,sandy or clayey material or any other similar material100%
Plant & MachineryBlock-11vii.Books owned by assesses carrying on a profession , being annual publications.100%
Plant & MachineryBlock-11viii.Books owned by assessees carrying on business in running lending libraries.100%
Plant & MachineryBlock-11ix.Water pollution,Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems.100%
ShipsBlock-12i.Ocean going ships020%
ShipsBlock-12ii.Vessels ordinarily operating on inland waters, not covered in below items020%
ShipsBlock-12iii.Vessels ordinarily operating on inland waters being speed boats.020%
Intangible AssetsBlock-13i.Know-how, patents, copyrights,trademarks, licences, franchisees or any other business or commercial rights of similar nature.025%

 

How to use above depreciation charts:

Above table is very user-friendly and provide better navigation. You can search assets in search box e.g. “furniture”, you will get depreciation rate of furniture. You can decide to show 10, 25,50 or 100 rows at a time. You can take print out or take PDF version by selecting 100 rows (for all entries) and clicking on respective option which is available at the end of post. You can sort table. Hope you will like it!

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53 comments on “Depreciation chart as per Income Tax Act for FY 2012-13
  1. Neeraj Ajmera says:

    THE INFORMATION IS GIVEN BY YOU IS VERY HELPFULL FOR ME.
    THANK YOU.

    • B S SRINIVAS says:

      dear sir

      when we have purchased a computed on 20.02.13 paid Rs. 29150/-. i presume that depreciation on Rs. 29150/- is 30%(normal rate is 60%) because purchase date is post half year, i.e., after sept.12.

      kindly suggest us in this regard please immediately.

      BSSRINIVAS
      9949527910

  2. Vishwanath Kumbar says:

    Depreciation and Due dates of Statutory payments very helpfull for me

    Thanks Financefriend.in

    Thanks
    Vishwanath Kumbar

  3. Kamal says:

    that is nice way to giving knowledge…. and this is perfect chart for me ..

    thanks a lot

    • ravi says:

      Dear Sir,

      I want to know the Depriciation rate of following Assets for financial year(2011-2012)

      1. Buildings
      2.Plant and Machinery
      3. Civil Engg. lab Equipment
      4. Mechnical Engg. Equipment.
      5.Vehicles
      6.Computers
      7. Lab equipments of an Educational Institutes.

    • NIRMAL KR KEDIA says:

      DEPRECIATION RATE ON WHEEL CHAIR PLEASE.

  4. Parshuram Warik says:

    Amhi
    Aapale
    Aabhari
    Ahot..!

  5. M S Yadav says:

    Very good information given

    thanks

  6. Manoj kumar says:

    Dear Sir,
    pl. provide me a chart of Depreciation .
    manoj

  7. C.Sivakumar says:

    The above given informations are very helpful for all accounts personnels who are all handling day to day accounts activities.

    • C.Sivakumar says:

      The above given informations are very helpful for all accounts personnels who are all handling day to day accounts activities.

  8. sonal says:

    its really very useful…

  9. Satyanshu Goel says:

    Computer software has been deleted from block 9 by FA,12

    • Satyanshu Goel says:

      Computer Software has been deleted means no depreciation will be charged. Also in block 10, Wind mills n devices running on wind energy installed after 31.3.12 will depreciate @ 15%. 80% is when it is installed on or before 31.3.12

  10. sumit mishra says:

    dear sir,
    please provided me a chart of depreciation
    sumit mishra

  11. pardeep says:

    Dear sir,

    Plz tell me the depreciation Rate on Fire extinguisher ,water cooler,Genset etc

    regards

  12. Rohit Dhingra says:

    keep it up….it helps many people around in this field

  13. S B Verma says:

    thank you for uploading..

  14. sanjay ghuguskar says:

    Hello Sir please depreciation chart details sent

  15. pasang says:

    We have a monastery & Temple, the buildings are used for office,school,institute,hostel for monks and prayer hall. What rate would be applicable for depreciation.

  16. Please send depreciation schedule for 2012 – 13.

    Thanks and regards,

    MANGESH D. MULAY

  17. PRERNA says:

    sir,
    if i purchase computer of Rs. 40,000/- on the date 20/05/12 in the F.Y. 2012-13 then what is the applicable rate of depreciation??
    weather it will be 60% or it become half 30% due to purchase during the year 2013.

  18. REGU ROBERTSON says:

    Is depreciation applicable for individuals?

  19. Navneet Sharam says:

    Very Nice its very helpful for us…….

  20. M. Muneeb says:

    please send me deprication on assets per month divission on
    1. Buildings
    2.Plant and Machinery
    3. Civil Engg. lab Equipment
    4. Mechnical Engg. Equipment.
    5.Vehicles
    6.Computers
    7. Lab equipments of an Educational Institutes.

  21. TAPAS CHANDRA says:

    Please send depreciation schedule for 2012 – 13.

    Thanks and regards,

  22. arun says:

    what is current depreciation rate on refrigerator use in office

  23. shashikala says:

    what is the fixed assest category of “air conditioner” and its rate of depreciation?”

    • AMIYA SANKAR NUNDY says:

      It appears from the chart on depreciation that Air Conditioners will fall under the category of ‘Furniture’ since air conditioners are electrical fittings. Hence depreciation will be charged at 10%.

  24. shashikala says:

    what is the rate of depreciation for “air conditioner?”

  25. Kapil says:

    Sir,
    I want to know all depreciation all anyone please reply

  26. Dinesha K says:

    pls send me depreciation chart for fy 2013-14

  27. chandra prakash gupta says:

    sir,

    pls depriciation rate given on water cooler, writing borad, educational building,

    water cooler, voltage machine, cartadge,photocopy machine.

  28. love gupta says:

    plz tell me the rate of depreciation on fire extenguisher

  29. RAJESH ARORA says:

    Commerical Vehicle Purchase 2012-13 ma used in Busniess purpose

    Depreciation Rate ?

  30. satish kabra says:

    This isvery good way of getting knowledge with in short time.

  31. balu says:

    What is the rate of depreciation for the year 2012-13 for the below mentioned items:

    Plant & Machinery
    Furniture & Fixture
    Vehicles
    Office Equipment
    Computers

  32. Manisha says:

    Dear Sir,
    Please let me know the depreciation to be charged on library books purchased for a medical college.

  33. prema says:

    dep rate on mobile and cc caamera

  34. PRATIKSHA SOMWANSHI says:

    SIR I WANT TO KNOW IF I AM SOLE PROPRIETOR & I PURCHASE A MOBILE OF Rs.16000 FOR BUSINESS PURPOSE SO CAN I CLAIM DEPRECIATION & IF YES THEN AT WHAT RATE

    • UJALA says:

      Yes, if mobile is used for business purpose, you are eligible to claim depreciation @ 10% as per Income Tax Act, 1961

  35. RINKI says:

    HELLO SIR ,
    PLEASE HELP ME ,
    What condition is credited in Depreciation.

  36. Sandeep Agarwal says:

    If Any Assets sold in the mid of the financial year or transferred to Capital Account, we will depreciate in the same financial year or not.

  37. BHAGATSINGH RAJPUT says:

    please What’s Rate depriceation of SOLAR & POWER INVENTER

  38. BHAGATSINGH RAJPUT says:

    what’s rate of depriceation of SOLAR & POWER INVENTOR

  39. Jayati Guin says:

    Please tell me the rate of depreciation that can be charged for “Pitney Bowes Digital Postal Franking Mailing System” that I have purchased last June,2013 form Pitney Bowes for my business and office use.

  40. samy says:

    what’s rate of depreciation of Printer & computer furniture

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