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Depreciation Rates
Prime Depreciation Rates under the Income Tax Act
| Sl. No. | Asset | Depreciation Rate |
|---|---|---|
| 1 | Building: Residential | 5.00% |
| 2 | Building: Factory | 10.00% |
| 3 | General Plant & Machinery | 15.00% |
| 4 | Motor Car | 15.00% |
| 5 | Motor Buses/Lorries Used In Hire | 30.00% |
| 6 | Computers including Software | 60.00% |
| 7 | Furniture | 10.00% |
| 8 | Patents, Know-how, copyrights, licenses etc. | 25.00% |