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Free Depreciation Calculator India – Car, Bike, Asset | SLM, WDV, Companies Act, Income Tax | InvoPilot
📉 India’s Free Depreciation Calculator — SLM · WDV · Income Tax · Companies Act

Free Depreciation Calculator
India — Car, Bike, Asset

Calculate asset depreciation using SLM or WDV as per Income Tax Act & Companies Act 2013. Get a complete year-wise schedule instantly — for car, bike, machinery, furniture and more.

SLM Method WDV Method (Income Tax) Companies Act Schedule II Car & Bike Depreciation 180-Day Rule Year-wise Schedule No Signup
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Select Calculator Mode

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Depreciation Method

WDV (Written Down Value) is mandatory under Income Tax Act Section 32. Depreciation is calculated on the reducing balance each year — higher deductions in early years.
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Asset Details

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Enter Asset Details to Calculate
Fill in cost, rate and life on the left, then click Calculate.
📊 Year-wise WDV / Book Value
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Year-wise Depreciation Schedule

Year / FY Opening Value Depreciation Closing WDV Dep %
⚠️ This calculator is for estimation only. Consult a CA before filing returns. Half-year rule, block of assets, and additional depreciation may apply differently in practice.

Depreciation Rate Chart — Income Tax Act & Companies Act

Common asset depreciation rates for FY 2025-26. WDV rates are as per Section 32 of the Income Tax Act; Useful Life is as per Schedule II of the Companies Act 2013.

AssetIT Act WDV RateCompanies Act Useful LifeMethod (IT)
Motor Car (personal use)15%8 yearsWDV
Motor Car for Hire (Taxi/Cab)30%8 yearsWDV
Two-Wheeler / Bike / Scooter15%10 yearsWDV
Electric Vehicle (EV)40%8 yearsWDV
Computers & Software40%3 yearsWDV
Mobile Phone / Tablet40%3 yearsWDV
General Plant & Machinery15%15 yearsWDV
Furniture & Fittings10%10 yearsWDV
Air Conditioner / Electrical15%10 yearsWDV
Building (RCC / Pucca)10%60 yearsWDV
Building (Other)5%30 yearsWDV
Temporary Structure100%3 yearsWDV
Ships20%25 yearsWDV
Aircraft40%20 yearsWDV
Intangibles (Patents, Trademarks)25%10 yearsWDV

*Rates as per IT Act for FY 2025-26. Always verify with a CA before filing. Companies Act useful life for SLM calculation (5% residual value assumed).

What is Depreciation? SLM vs WDV Explained

Depreciation is the gradual reduction in the value of a tangible asset due to wear and tear, usage, or obsolescence over time. In India, businesses must calculate depreciation for two separate purposes — Income Tax filing (as per the Income Tax Act, 1961) and financial reporting (as per Companies Act, 2013).

WDV (Written Down Value) Method — Mandatory under the Income Tax Act Section 32. Depreciation is applied on the reducing book value each year, giving higher deductions in early years. This is beneficial for tax planning.

SLM (Straight Line Method) — Required under Companies Act 2013 (Schedule II) for statutory accounts. An equal amount is deducted every year over the asset’s useful life. Formula: (Cost − Residual Value) ÷ Useful Life.

  • Most Indian businesses maintain two depreciation schedules — WDV for tax, SLM for books
  • 180-day rule: if asset used <180 days in first FY, only 50% rate applies
  • Additional depreciation: 20% extra for new plant & machinery in manufacturing
  • Block of assets: IT Act groups similar assets; depreciation on entire block
  • Land is never depreciable; only buildings, machinery, vehicles, intangibles
  • Car depreciation rate is 15% WDV; 30% for hire vehicles (taxis)
⚖️ SLM vs WDV — Key Differences
FeatureSLMWDV
Law / ComplianceCompanies ActIncome Tax Act
Depreciation AmountEqual every yearHigher initially
Base for CalculationOriginal costBook value (reducing)
Tax Saving in Early YearsLowerHigher
Used ForFinancial statementsITR filing
Asset Reaches ZeroYes (at end of life)Theoretically never
🚗 Car Depreciation — IRDAI (Insurance)
Age of CarIRDAI Depreciation
Up to 6 months5%
6 months – 1 year15%
1 – 2 years20%
2 – 3 years30%
3 – 4 years40%
4 – 5 years50%
Over 5 yearsAgreed value

How to Use This Depreciation Calculator

Get your full year-wise depreciation schedule in under 60 seconds.

1

Select Mode & Method

Choose Car, Bike, or General Asset. Select WDV (Income Tax) or SLM (Companies Act).

2

Enter Asset Details

Enter cost, salvage value, depreciation rate or useful life, and purchase date.

3

Get Schedule & Print

See year-wise depreciation, closing WDV, total tax saving. Print or save as PDF.

Depreciation Calculator — FAQs

Common questions about depreciation in India.

Under the Income Tax Act, motor cars used for personal or business purpose have a WDV depreciation rate of 15% per year. Cars used for hire (taxis, Ola, Uber) are depreciated at 30%. If a car is purchased and used for less than 180 days in the first financial year, only 7.5% (half of 15%) can be claimed in year 1.
Bikes, scooters, and two-wheelers fall under the Motor Vehicles block under the Income Tax Act with a WDV depreciation rate of 15% per year — same as cars for personal use. Under Companies Act, two-wheelers have a useful life of 10 years.
Under Schedule II of the Companies Act 2013, depreciation is calculated using SLM (Straight Line Method) based on the prescribed useful life. Formula: Annual Depreciation = (Original Cost − 5% Residual Value) ÷ Useful Life. For example, a car costing ₹8,00,000 with 8-year life: Annual Depreciation = (₹8,00,000 − ₹40,000) ÷ 8 = ₹95,000/year.
Under the Income Tax Act, if an asset is purchased and put to use for less than 180 days (about 6 months) in the first financial year, only 50% of the normal WDV depreciation rate is allowed in year 1. Full rate applies from year 2 onwards. For example, a car bought after October 1 in a financial year (April to March) would qualify for only half the normal 15% = 7.5% in year 1.
Manufacturing and power generation businesses can claim 20% additional depreciation in the year of purchase for new plant and machinery (not second-hand, not office equipment, not vehicles). If the asset is used less than 180 days in the first year, only 50% of this additional 20% = 10% is allowed in year 1, and remaining 10% in year 2. Businesses in notified backward areas can claim 35% additional depreciation.
Yes, completely free. No signup, no download, no credit card. Calculate depreciation for cars, bikes, machinery, computers, buildings, and any other asset instantly. You can also print or save the year-wise schedule as PDF directly from this page. InvoPilot also has a free GST calculator for calculating GST on asset purchases and transactions.
Yes. Use the General Asset mode with the IRDAI depreciation rates (5% year 1, 15% year 2, etc.) to estimate your car’s Insured Declared Value (IDV) for insurance purposes. The IRDAI rate chart is also shown in the reference section on this page. Note that IDV is determined by your insurer — this calculator gives an estimate.

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