Depreciation Rates Chart under Companies Act 2013

Depreciation Rates Chart under Companies Act 2013: Check here the depreciation rates table chart as per the companies act and provisions. You are subject to depreciation if you buy any property or asset after April 1, 2014. The document specifies the useful life of various assets but does not recommend depreciation amounts. A depreciation calculation and a usable life calculated as per schedule II of the Corporations Act, 2013 can both be used to determine the amortisation rate in accordance with the Corporations Act, 2013.

Depreciation Rates as per Companies Act

As per the new companies act, depreciation is permitted on the basis of the useful life of the assets as well as the residual value of the assets. Under the new companies act, there is no provision for depreciation rates to be given. The table below shows the depreciation rates applicable based on the useful life of the asset as prescribed by the Companies Act, 2013 and a residual value of 5% if the asset is purchased on or after 1st April 2014.

Depreciation Rate Chart – as per part “C” of Schedule II of Companies Act, 2013 after making the following assumptions:

  1. The useful life to computer depreciation of the asset has been taken as per Part C of Schedule II
  2. The residual value of an asset has been taken as 5% of the original cost of the asset.

Nature of AssetsUseful LifeRate [SLM]Rate [WDV]
(I) Buildings [NESD]
(a) Building (other than factory buildings) RCC Frame Structure601.58%4.87%
b) Building (other than factory buildings) other than RCC Frame Structure303.17%9.50%
(c) Factory buildings303.17%9.50%
(d) Fences, wells, tube wells519.00%45.07%
(e) Other (including temporary structure, etc.)331.67%63.16%
(II) Bridges, culverts, bunkers, etc. [NESD]303.17%9.50%
(III) Roads [NESD]
(a) Carpeted Roads
(i) Carpeted Roads – RCC109.50%25.89%
(ii) Carpeted Roads – other than RCC519.00%45.07%
(b) Non-carpeted roads331.67%63.16%
(IV) Plant and Machinery
(a) General rate applicable to Plant and Machinery not covered under Special Plant and Machinery
(i) Plant and Machinery other than continuous process plant not covered under specific156.33%18.10%
ii) Continuous process plant for which no special rate has been prescribed under (ii) below811.88%31.23%
(b) Special Plant and Machinery
(i) Plant and Machinery related to production and exhibition of Motion Picture Films
1) Cinematograph films – Machinery used in the production and
exhibition of cinematograph films, recording and reproducing
equipments, developing machines, printing machines, editing
machines, synchronizers and studio lights
2) Projecting equipment for exhibition of films137.31%20.58%
(ii) Plant and Machinery used in glass
1) Plant and Machinery except direct fire glass melting furnaces
– Recuperative and regenerative glass melting furnaces
2) Plant and Machinery except direct fire glass melting furnaces
– Moulds [NESD]
3) Float Glass Melting Furnaces [NESD]109.50%25.89%
(iii) Plant and Machinery used in mines and quarries Portable
underground machinery and earth moving machinery used in
open cast mining
(iv) Plant and Machinery used in Telecommunications [NESD]
1) Towers185.28%15.33%
2) Telecom transceivers, switching centres, transmission and other network equipment137.31%20.58%
3) Telecom – Ducts, Cables and optical fibre185.28%15.33%
4) Satellites185.28%15.33%
(v) Plant and Machinery used in exploration, production and refining oil and gas [NESD]
1) Refineries253.80%11.29%
2) Oil and gas assets (including wells), processing plant and facilities253.80%11.29%
3) Petrochemical Plant253.80%11.29%
4) Storage tanks and related equipment253.80%11.29%
5) Pipelines303.17%9.50%
6) Drilling Rig303.17%9.50%
7) Field operations (above ground) Portable boilers, drilling tools, well-head tanks, etc.811.88%31.23%
8) Loggers811.88%31.23%
(vi) Plant and Machinery used in generation, transmission and distribution of power [NESD]
1) Thermal / Gas / Combined Cycle Power Generation Plant402.38%7.22%
2) Hydro Power Generation Plant402.38%7.22%
3) Nuclear Power Generation Plant402.38%7.22%
4) Transmission lines, cables and other network assets402.38%7.22%
5) Wind Power Generation Plant224.32%12.73%
6) Electric Distribution Plant352.71%8.20%
7) Gas Storage and Distribution Plant303.17%9.50%
8) Water Distribution Plant including pipelines303.17%9.50%
(vii) Plant and Machinery used in manufacture of
1 Sinter Plant204.75%13.91%
2 Blast Furnace204.75%13.91%
3 Coke Ovens204.75%13.91%
4 Rolling mill in steel plant204.75%13.91%
5 Basic Oxygen Furnace Converter253.80%11.29%
(viii) Plant and Machinery used in manufacture of non ferrous metals
1 Metal pot line [NESD]402.38%7.22%
2 Bauxite crushing and grinding section402.38%7.22%
3 Digester Section [NESD]402.38%7.22%
4 Turbine [NESD]402.38%7.22%
5 Equipments for Calcinations [NESD]402.38%7.22%
6 Copper Smelter [NESD]402.38%7.22%
7 Roll Grinder402.38%7.22%
8 Soaking Pit303.17%9.50%
9 Annealing Furnace303.17%9.50%
10 Rolling Mills303.17%9.50%
11 Equipments for Scalping, Slitting, etc. [NSED]303.17%9.50%
12 Surface Miner, Ripper Dozer, etc. used in mines253.80%11.29%
13 Copper refining plant [NSED]253.80%11.29%
(ix) Plant and Machinery used in medical and surgical operations [NESD]
1 Electrical Machinery, X-ray and electrotherapeutic apparatus and accessories thereto, medical, diagnostic equipments, namely, Cat-scan, Ultrasound machines, ECG Monitors, etc.137.31%20.58%
2 Other Equipments156.33%18.10%
(x) Plant and Machinery used in manufacture of pharmaceuticals
and chemicals [NESD]
1 Reactors204.75%13.91%
2 Distillation Columns204.75%13.91%
3 Drying equipments / Centrifuges and Decanters204.75%13.91%
4 Vessel / Storage tanks204.75%13.91%
(xi) Plant and Machinery used in civil construction
1 Concreting, Crushing, Piling Equipments and Road Making
2 Heavy Lift Equipments –
– Cranes with capacity more than 100 tons204.75%13.91%
– Cranes with capacity less than 100 tons156.33%18.10%
3 Transmission line, Tunnelling Equipments [NESD]109.50%25.89%
4 Earth-moving equipments910.56%28.31%
5 Others including Material Handling / Pipeline / Welding
Equipments [NESD]
(xii) Plant and Machinery used in salt works [NESD]156.33%18.10%
(V) Furniture and fittings [NESD]
(a) General furniture and fittings109.50%25.89%
(b) Furniture and fittings used in hotels, restaurants and boarding houses, schools, colleges and other education institutions, libraries, welfare centres, meeting halls, cinema houses, theatres and circuses and furniture and fittings let out on hire for used on occasion of marriages and similar functions811.88%31.23%
(VI) Motor Vehicles [NESD]
(a) Motor cycles, scooters and other mopeds109.50%25.89%
(b) Motor buses, motor lorries, motor cars and motor taxies
used in a business of running them on hire
(c) Motor buses, motor lorries, motor cars and motor taxies
other than those used in a business of running them on
(d) Motor tractors, harvesting combines and heavy vehicles811.88%31.23%
(e) Electrically operated vehicles811.88%31.23%
(VII) Ships [NESD]
(a) Ocean-going ships
(i) Bulk Carriers and liner vessels253.80%11.29%
(ii) Crude tankers, product carriers and easy chemical carriers
with or without conventional
(iii) Chemicals and Acid Carriers
1 With Stainless steel tanks253.80%11.29%
2 With other tanks204.75%13.91%
(iv) Liquefied gas carriers303.17%9.50%
(v) Conventional large passenger vessels which are used for
cruise purpose also
(vi) Coastal service ships of all categories303.17%9.50%
(vii) Offshore supply and support vessels204.75%13.91%
(viii) Catamarans and other high-speed passengers for ships or boats204.75%13.91%
(ix) Drillships253.80%11.29%
(x) Hovercrafts156.33%18.10%
(xi) Fishing vessels with a wooden hull109.50%25.89%
(xii) Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging146.79%19.26%
(b) Vessels ordinarily operating on inland waters
(i) Speed boats137.31%20.58%
(ii) Other vessels283.39%10.15%
(VIII) Aircrafts or Helicopters [NESD]204.75%13.91%
(IX) Railway siding, locomotives, rolling stocks,
tramways and railway used by concerns, excluding railway
(X) Ropeway structures [NESD]156.33%18.10%
(XI) Office equipments [NESD]519.00%45.07%
(XII) Computers and data processing units [NESD]
(a) Servers and networks615.83%39.30%
(b) End user devices, such as, desktops, laptops, etc.331.67%63.16%
(XIII) Laboratory equipment [NESD]
(a) General laboratory equipment109.50%25.89%
(b) Laboratory equipments used in education institutions519.00%45.07%
(XIV) Electrical Installations and Equipment [NESD]109.50%25.89%
(XV) Hydraulic woks, pipelines and sluices [NESD]156.33%18.10%

2 thoughts on “Depreciation Rates Chart under Companies Act 2013”

  1. Why there is two types of depreciation

    Companies act
    Income act

    Request detailed article on depreciation both the act


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