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Depreciation Chart

Depreciation Chart

Rates of Depreciation Under Companies Act

Nature of Assets

Useful Life

I  Buildings [NESD]

 

(a) Building (other than factory buildings) RCC Frame Structure

60 Years

(b) Building (other than factory buildings) other than RCC Frame Structure

30 Years

(c) Factory buildings

30 Years

(d) Fences, wells, tube wells

5 Years

(e) Other (including temporary structure, etc.)

3 Years

II Bridges, culverts, bunkers, etc. [NESD]

30 Years

III Roads [NESD]

 

(a) Carpeted Roads

 

     (i) Carpeted Roads - RCC
     (ii) Carpeted Roads - other than RCC

10 Years
5 Years

(b) Non-carpeted roads

3 Years

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 specific

15 Years

     (ii) Continuous process plant for which no special rate has been prescribed under (ii) below

8 Years

(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 equipment's, developing machines, printing machines, editing machines, synchronizers and studio lights

15 Years

          2. Projecting equipment for exhibition of films

8 Years

     (ii) Plant and Machinery used in glass

13 Years

          1. Plant and Machinery except direct fire glass melting furnaces - Recuperative and regenerative glass melting furnaces

13 Years

          2. Plant and Machinery except direct fire glass melting furnaces - Moulds [NESD]

8 Years

          3. Float Glass Melting Furnaces [NESD]

10 Years

     (iv) Plant and Machinery used in Telecommunications [NESD]

 

          1. Towers

18 Years

          2. Telecom transceivers, switching centres, transmission and other network equipment

13 Years

          3. Telecom - Ducts, Cables and optical fibre

18 Years

          4. Satellites

18 Years

     (v) Plant and Machinery used in exploration, production and refining oil and gas [NESD]

 

          1. Refineries

25 Years

          2. Oil and gas assets (including wells), processing plant and facilities

25 Years

          3. Petrochemical Plant

25 Years

          4. Storage tanks and related equipment

25 Years

          5. Pipelines

30 Years

          6. Drilling Rig

30 Years

          7. Field operations (above ground) Portable boilers, drilling tools, well-head tanks, etc.

8 Years

          8. Loggers

8 Years

     (vi) Plant and Machinery used in generation, transmission and distribution of power [NESD]

 

          1. Thermal / Gas / Combined Cycle Power Generation Plant

40 Years

          2.  Hydro Power Generation Plant

40 Years

          3.  Nuclear Power Generation Plant

40 Years

          4.  Transmission lines, cables and other network assets

40 Years

          5.  Wind Power Generation Plant

22 Years

          6.  Electric Distribution Plant

35 Years

          7.  Gas Storage and Distribution Plant

30 Years

          8.  Water Distribution Plant including pipelines

30 Years

     (vii) Plant and Machinery used in manufacture of

 

          1 Sinter Plant

20 Years

          2 Blast Furnace

20 Years

          3 Coke Ovens

20 Years

          4 Rolling mill in steel plant

20 Years

          5 Basic Oxygen Furnace Converter

25 Years

     (viii) Plant and Machinery used in manufacture of non-ferrous metals

 

          1 Metal pot line [NESD]

40 Years

          2 Bauxite crushing and grinding section

40 Years

          3 Digester Section [NESD]

40 Years

          4 Turbine [NESD]

40 Years

          5 Equipments for Calcinations [NESD]

40 Years

          6 Copper Smelter [NESD]

40 Years

          7 Roll Grinder

40 Years

          8 Soaking Pit

30 Years

          9 Annealing Furnace

30 Years

          10 Rolling Mills

30 Years

          11 Equipments for Scalping, Slitting, etc. [NSED]

30 Years

          12 Surface Miner, Ripper Dozer, etc. used in mines

 

          13 Copper refining plant [NSED]

25 Years

     (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.

25 Years

          2 Other Equipments

13 Years

     (x) Plant and Machinery used in manufacture of pharmaceuticals and chemicals [NESD]

 

          1 Reactors

20 Years

          2 Distillation Columns

20 Years

          3 Drying equipments / Centrifuges and Decanters

20 Years

          4 Vessel / Storage tanks

20 Years

     (xi) Plant and Machinery used in civil construction

 

          1 Concreting, Crushing, Piling Equipments and Road Making Equipments

12 Years

          2 Heavy Lift Equipments -

20 Years

                    - Cranes with capacity more than 100 tons
                    - Cranes with capacity less than 100 tons

20 Years
15 Years

          3 Transmission line, Tunnelling Equipments [NESD]

10 Years

          4 Earth-moving equipments

9 Years

          5 Others including Material Handling / Pipeline / Welding Equipments [NESD]

12 Years

     (xii) Plant and Machinery used in salt works [NESD]

15 Years

V Furniture and fittings [NESD]

 

     (a) General furniture and fittings

10 Years

     (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 functions

8 Years

VI Motor Vehicles [NESD]

 

     (a) Motor cycles, scooters and other mopeds

10 Years

     (b) Motor buses, motor lorries, motor cars and motor taxies used in a business of running them on hire

6 Years

     (c) Motor buses, motor lorries, motor cars and motor taxies other than those used in a business of running them on

8 Years

     (d) Motor tractors, harvesting combines and heavy vehicles

8 Years

     (e) Electrically operated vehicles including battery powered or fuel cell powered vehicles

8 Years

VII Ships [NESD]

 

     (a) Ocean-going ships

 

          (i) Bulk Carriers and liner vessels

25 Years

          (ii) Crude tankers, product carriers and easy chemical carriers with or without conventional

20 Years

          (iii) Chemicals and Acid Carriers

 

                    1 With Stainless steel tanks

25 Years

                    2 With other tanks

20 Years

          (iv) Liquefied gas carriers

30 Years

          (v) Conventional large passenger vessels which are used for cruise purpose also

30 Years

          (vi) Coastal service ships of all categories

30 Years

          (vii) Offshore supply and support vessels

20 Years

          (viii) Catamarans and other high speed passenger for ships or boats

20 Years

          (ix) Drill ships

 

          (x) Hovercrafts

25 Years

          (xi) Fishing vessels with wooden hull

15 Years

          (xii) Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging

10 Years

     (b) Vessels ordinarily operating on inland waters

 

          (i) Speed boats

13 Years

          (ii) Other vessels

28 Years

VIII Aircrafts or Helicopters [NESD]

20 Years

IX Railway siding, locomotives, rolling stocks, tramways and railway used by concerns, excluding railway

15 Years

X Ropeway structures [NESD]

15 Years

XI Office equipments [NESD]

5 Years

XII Computers and data processing units [NESD]

 

     (a) Servers and networks

6 Years

     (b) End user devices, such as, desktops, laptops, etc

3 Years

XIII Laboratory equipment [NESD]

 

     (a) General laboratory equipment

10 Years

     (b) Laboratory equipments used in education institutions

5 Years

XIV Electrical Installations and Equipment [NESD]

10 Years

XV Hydraulic woks, pipelines and sluices [NESD]

15 Years

 

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