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Useful Life Calculator – Schedule II
Look up Companies Act Schedule II useful lives with corresponding SLM %, Companies Act WDV % and mapped Income Tax block rates.
| Asset category | Useful life | SLM % | CA-WDV % | IT rate % |
|---|---|---|---|---|
|
Buildings - RCC Frame (Non-Factory) Buildings other than factory buildings - RCC Frame Structure [Part A, Cl. I(a)i] |
60 yrs | 1.58 | 4.87 | 10.0 |
|
Buildings - Other (Non-factory) Buildings other than factory buildings - Other than RCC Frame [Part A, Cl. I(a)ii] |
30 yrs | 3.17 | 9.5 | 10.0 |
|
Factory Buildings Factory buildings [Part A, Cl. I(b)] |
30 yrs | 3.17 | 9.5 | 10.0 |
|
Fences, Wells, Tube Wells Fences, wells, tube wells and other wasting works [Part A, Cl. I(d)] |
5 yrs | 19.0 | 45.07 | 15.0 |
|
Temporary Structures Temporary erections such as wooden structures [Part A, Cl. I(e)] |
3 yrs | 31.67 | 63.16 | 100.0 |
|
Bridges & Culverts Bridges, culverts, bunders, dams and other irrigation works [Part A, Cl. II] |
30 yrs | 3.17 | 9.5 | 10.0 |
|
Roads - Carpeted (RCC) Carpeted roads - RCC [Part A, Cl. III(a)i] |
10 yrs | 9.5 | 25.89 | 10.0 |
|
Roads - Carpeted (Other) Carpeted roads - Other than RCC [Part A, Cl. III(a)ii] |
5 yrs | 19.0 | 45.07 | 10.0 |
|
Roads - Non-Carpeted Non-carpeted roads [Part A, Cl. III(b)] |
3 yrs | 31.67 | 63.16 | 15.0 |
|
Plant & Machinery - General Plant and machinery - General (not covered elsewhere) [Part A, Cl. IV] |
15 yrs | 6.33 | 18.1 | 15.0 |
|
P&M - Continuous Process Plant in continuous process (no specific rate prescribed) [Part A, Cl. IV Note 4] |
25 yrs | 3.8 | 11.29 | 15.0 |
|
Furniture & Fittings Furniture and fittings including electrical fittings [Part A, Cl. V] |
10 yrs | 9.5 | 25.89 | 10.0 |
|
Motor Vehicles - Cars/Buses/Trucks Motor buses, lorries and cars (excl. hire vehicles) [Part A, Cl. VI(a)i] |
8 yrs | 11.88 | 31.23 | 30.0 |
|
Motor Vehicles - Two Wheelers Motor cycles, scooters and mopeds [Part A, Cl. VI(a)ii] |
10 yrs | 9.5 | 25.89 | 30.0 |
|
Motor Vehicles - Tractors Motor tractors, harvesting combiners and heavy vehicles [Part A, Cl. VI(c)] |
9 yrs | 10.56 | 28.31 | 30.0 |
|
Motor Vehicles - Electrically Operated Electrically operated vehicles including battery powered vehicles [Part A, Cl. VI(d)] |
8 yrs | 11.88 | 31.23 | 30.0 |
|
Aircraft / Helicopters Aeroplanes, helicopters [Part A, Cl. VII] |
20 yrs | 4.75 | 13.91 | 40.0 |
|
Ships - Ocean Going Ocean-going ships [Part A, Cl. VIII(a)] |
25 yrs | 3.8 | 11.29 | 20.0 |
|
Ships - Inland Waters Vessels ordinarily operating on inland waters [Part A, Cl. VIII(b)] |
13 yrs | 7.31 | 20.58 | 20.0 |
|
Computers - Servers & Networks Servers and networks [Part A, Cl. IX(a)] |
6 yrs | 15.83 | 39.3 | 40.0 |
|
Computers - End User Devices Desktops, laptops and other end user devices [Part A, Cl. IX(b)] |
3 yrs | 31.67 | 63.16 | 40.0 |
|
Office Equipment Office equipment - typewriters, calculators, printers etc. [Part A, Cl. X] |
5 yrs | 19.0 | 45.07 | 15.0 |
|
Electrical Installations Electrical installations and equipment [Part A, Cl. XI] |
10 yrs | 9.5 | 25.89 | 15.0 |
|
Locomotives Locomotives, rolling stocks, tramways and railway sidings [Part A, Cl. XII] |
15 yrs | 6.33 | 18.1 | 15.0 |
|
Land Land (not depreciated under Schedule II) |
0 yrs | 0 | 0 | 0 |
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Disclaimer: These free tools are educational and indicative. They do not constitute professional advice. Always verify rates and lives against the Companies Act, Income Tax Rules and your facts.