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!

Author

    by
  • CA. Kalpesh Karia

    CA. Kalpesh Karia is a Fellow Chartered Accountant . He founded and developed this blog ' FinanceFriend.in ' in 2012. He regularly posts articles related to finance and taxation on his blog. As the name suggests, he is trying to be a Finance Friend and wants to give back to society what he has learned over the years. He shares knowledge based on his 18 years of experiences in areas like Finance, Accounts, Taxation, Forex & Treasury , Wealth Management & Financial Planning, Costing, SAP and Digital Transformation .

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

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