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.
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Depreciation Method
Asset Details
Year-wise Depreciation Schedule
| Year / FY | Opening Value | Depreciation | Closing WDV | Dep % |
|---|
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.
| Asset | IT Act WDV Rate | Companies Act Useful Life | Method (IT) |
|---|---|---|---|
| Motor Car (personal use) | 15% | 8 years | WDV |
| Motor Car for Hire (Taxi/Cab) | 30% | 8 years | WDV |
| Two-Wheeler / Bike / Scooter | 15% | 10 years | WDV |
| Electric Vehicle (EV) | 40% | 8 years | WDV |
| Computers & Software | 40% | 3 years | WDV |
| Mobile Phone / Tablet | 40% | 3 years | WDV |
| General Plant & Machinery | 15% | 15 years | WDV |
| Furniture & Fittings | 10% | 10 years | WDV |
| Air Conditioner / Electrical | 15% | 10 years | WDV |
| Building (RCC / Pucca) | 10% | 60 years | WDV |
| Building (Other) | 5% | 30 years | WDV |
| Temporary Structure | 100% | 3 years | WDV |
| Ships | 20% | 25 years | WDV |
| Aircraft | 40% | 20 years | WDV |
| Intangibles (Patents, Trademarks) | 25% | 10 years | WDV |
*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)
| Age of Car | IRDAI Depreciation |
|---|---|
| Up to 6 months | 5% |
| 6 months – 1 year | 15% |
| 1 – 2 years | 20% |
| 2 – 3 years | 30% |
| 3 – 4 years | 40% |
| 4 – 5 years | 50% |
| Over 5 years | Agreed value |
How to Use This Depreciation Calculator
Get your full year-wise depreciation schedule in under 60 seconds.
Select Mode & Method
Choose Car, Bike, or General Asset. Select WDV (Income Tax) or SLM (Companies Act).
Enter Asset Details
Enter cost, salvage value, depreciation rate or useful life, and purchase date.
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.
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