Dear Friends, today we have to discuss about the depreciation rate chart which is calculated on the fixed assets as per the income tax act. You know very well about the “Depreciation”. Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage. So, today we talk about what is the percentage is used on different fixed assets as per the given Depreciation chart as per Income Tax Act for FY 2012-13.
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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.
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Depreciation chart as per Income Tax Act for FY 2012-13 and AY 2013-14 is as under:
How to use depreciation rate chart:
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.
| ASSET CLASS | BLOCK NUMBER | SUB ITEM NUMBER | ASSET TYPE | RATE OF DEPRECIATION |
| Building | Block-01 | i. | Residential buildings except hotels and boarding houses | 5% |
| Building | Block-02 | ii. | Other than Residential buildings (not covered in Block No.1 and3) | 10% |
| Building | Block-03 | i. | Buiding acquired on or after 01st Sep,2002 for installing PandM 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% |
| Building | Block-03 | ii. | Purely temporary erections such as wooden structures | 100% |
| Furniture | Block-04 | i. | Furniture – Any furniture / fittings including electricals fittings | 10% |
| Plant and Machinery | Block-05 | i. | Motor cars other than thouse used in a business of running them on hire | 15% |
| Plant and Machinery | Block-05 | ii. | PandM other those covered in block no. 6 to 11 below. | 15% |
| Plant and Machinery | Block-06 | i. | Motor buses/taxies/lorries used in a business of running them on hire | 30% |
| Plant and Machinery | Block-06 | ii. | Moulds used in plastic and rubber factories | 30% |
| Plant and Machinery | Block-06 | iii. | PandM used in semi conductor industry other than those covered in Block no. 11 below | 30% |
I hope you like this depreciation rate chart post. Give your important suggestions in comment box regarding this post and share your knowledge with your friends, colleague, family members and others. Thanks.
R K GANDHI
SIR, WHAT IS INCOME TAX RATE OF DEPRECIATION (HOTEL INDUSTRY)
1. AIR CONDITIONER 8 TELEVISIONS
2 COMPUTER N PRINTER 9 WASHING MACHINE
3 CAMERA 10 REFRIGERATOR
4 EPABX
5 GENERATOR
6 HOT WATER PLANT
7 MOBILE SETS with regards
sadanand vishram savant
please send me rates of assets depriciation for co op societies
Navdeep Kumar
What is dep. Rate on truck
Whose has less then 10 truck carry on Transport business
And file a return on sec. 44 AD of IT Act.
And not file 44AE Presumptive basis.
porkodi
hi sir
I WOULD want know who will fix the depreciation % for fixed asset & current assets
siva sankari.a
my name is siva sankar, i’m completed m.com in meenachi college.above mentioned the matter of Rate of Depreciation in above the Percentage of Fixed Assets plz send it overall
Thanking you sir
siva sankari .A
PRAVIN NAGNATH ITKAL
i am pravin nagnath itkal i was complited B.com degree in commerce plz send me details for fixed assets on depreciation it’s necessary are
Wrushabh
Rate of depreciatrion in above the percentage of fixed assets and current assets plz send list overall
nirmal kumar
plz send me dep. list overall
bharti
please let me know depreciation rates for fixed assets of government departments from year 1997-98 to 2015-16
swadesh
hi sir
My name is swadesh.iam complted M.com in bellary in veershiva college.
above mentioned the matter of Rate of Depreciatrion in above the percenatge of Fixed Asstes and Current Assets being the like with out interest
thanking you sir
swadesh p
aazad nagar
hospet
mobile 7795328984