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| Latest Depreciation Rates as per Income Tax Act |
| Rates of depreciation (for Income-Tax) |
| Block of assets |
Depreciation allowance as percentage of written down value |
| PART A |
| TANGIBLE ASSETS |
| I. BUILDING |
10 |
| II. FURNITURE AND FITTINGS |
10 |
| III. MACHINERY AND PLANT |
| (1) Machinery and plant other than those covered by below |
15 |
| (2) Motor cars, other than those used in a business of running them on hire |
15 |
| (3) (i) Motor buses, motor lorries and motor taxis used in a business of running them on hire |
30 |
| (4) Computers including computer software |
40 |
| PART B |
| INTANGIBLE ASSETS |
| Know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature |
25 |
