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:

[table id=14 /]

 

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!

Print Friendly, PDF & Email

57 thoughts on “Depreciation chart as per Income Tax Act for FY 2012-13”

    • 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

      Reply
  1. Depreciation and Due dates of Statutory payments very helpfull for me

    Thanks Financefriend.in

    Thanks
    Vishwanath Kumbar

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

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

      Reply
    • 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

      Reply
  3. 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.

    Reply
  4. 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.

    Reply
  5. 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.

    Reply
    • 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%.

      Reply
  6. sir,

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

    water cooler, voltage machine, cartadge,photocopy machine.

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

    Plant & Machinery
    Furniture & Fixture
    Vehicles
    Office Equipment
    Computers

    Reply
  8. 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

    Reply
  9. 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.

    Reply
  10. 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.

    Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.