Free tool for India

Depreciation calculator under Schedule II.

Enter the cost, residual value and useful life of an asset. You get straight line or written down value depreciation for every year of its life, with the first year counted from the day it was put to use.

  • Companies Act 2013, Schedule II
  • SLM and WDV, year by year
  • Nothing is sent or saved

Depreciation calculator

Picks the useful life from Schedule II, Part C.

Before GST you can claim back as input tax credit.

What it will be worth at the end. Ordinarily no more than 5% of cost.

Change it only with technical advice to back it.

The first year counts from this date to 31 March.

Method
First, part year

Schedule II says pro rata, not how. See “Where the rules are unclear”.

Depreciation

Depreciation in FY 2026-27: ₹31,579.91
Depreciable amount
₹9,50,000
A full year÷ life 15
₹63,333.33
First year
182 of 365 days
Book value on 31 March 2027
₹9,68,420.09

An estimate under Schedule II, not tax advice. Check with your CA. Nothing you type leaves this page.

Year by year, financial years ending 31 March

Financial yearOpening (₹)Depreciation (₹)Closing (₹)
2026-27part year10,00,000.0031,579.919,68,420.09
2027-289,68,420.0963,333.339,05,086.76
2028-299,05,086.7663,333.338,41,753.43
2029-308,41,753.4363,333.337,78,420.10
2030-317,78,420.1063,333.337,15,086.77
2031-327,15,086.7763,333.336,51,753.44
2032-336,51,753.4463,333.335,88,420.11
2033-345,88,420.1163,333.335,25,086.78
2034-355,25,086.7863,333.334,61,753.45
2035-364,61,753.4563,333.333,98,420.12
2036-373,98,420.1263,333.333,35,086.79
2037-383,35,086.7963,333.332,71,753.46
2038-392,71,753.4663,333.332,08,420.13
2039-402,08,420.1363,333.331,45,086.80
2040-411,45,086.8063,333.3381,753.47
2041-42part year81,753.4731,753.4750,000.00
Total9,50,000.00

How it’s worked out.

The rules the calculator applies, from Schedule II to the Companies Act 2013 and ICAI’s study material.

  1. Depreciation spreads the depreciable amount of an asset, its cost less its residual value, over its useful life.

    Source: Companies Act 2013, Schedule II, Part A, para 1 (India Code), checked 17 Oct 2026

  2. The useful life should not ordinarily differ from the life in Part C, and the residual value should not be more than 5% of the original cost. A company that uses others must disclose the difference and justify it with technical advice.

    Source: Companies Act 2013, Schedule II, Part A, para 3(i) (India Code), checked 17 Oct 2026

  3. Part C sets the useful lives. Some of them: general plant and machinery 15 years, general furniture and fittings 10, cars not run on hire 8, office equipment 5, servers and networks 6, desktops and laptops 3.

    Source: Companies Act 2013, Schedule II, Part C, para 5 (India Code), checked 17 Oct 2026

  4. An asset added during the year is depreciated pro rata from the date it was added. One sold or discarded is depreciated up to the date it went.

    Source: Companies Act 2013, Schedule II, Part C, note 2 (India Code), checked 17 Oct 2026

  5. Straight line: the same charge every year, (cost − residual value) ÷ useful life.

    Source: ICAI Board of Studies, depreciation notes, checked 17 Oct 2026

  6. Written down value: a fixed rate on each year’s opening book value. The rate that brings the cost down to the residual value over the life is 1 − ⁿ√(residual value ÷ cost), where n is the useful life.

    Source: ICAI Board of Studies, depreciation notes, checked 17 Oct 2026

  7. The accounts disclose the depreciation methods used, and any useful life different from the Schedule’s.

    Source: Companies Act 2013, Schedule II, Part C, note 3 (India Code), checked 17 Oct 2026

One example, step by step.

A machine bought for ₹10,00,000 and put to use on 1 October 2026: general plant and machinery, 15 years, residual value 5% of cost.

Cost
₹10,00,000
Residual value5% of cost
₹50,000
Depreciable amount
₹9,50,000
Straight line, a full year9,50,000 ÷ 15
₹63,333.33
Days used in FY 2026-271 Oct to 31 Mar
182 of 365
Straight line, FY 2026-27
₹31,579.91
WDV rate1 − ¹⁵√0.05
18.10%
Written down value, FY 2026-2710,00,000 × rate × 182 ÷ 365
₹90,270.14

Straight line charges ₹63,333.33 in each full year after that. Both methods end on the ₹50,000 residual value in FY 2041-42.

An illustration, not tax advice. The schedule uses the unrounded WDV rate. Income-tax depreciation is worked out separately.

What it does not cover.

Check these with your CA before you rely on the figures.

  • Income-tax depreciation

    Tax depreciation follows the income-tax law, on blocks of assets at its own rates, not Schedule II’s lives. The calculator works out the books’ depreciation only.

  • Double and triple shifts

    The calculator assumes single-shift working, which is what Part C’s lives are based on.

    Used for a double shift, depreciation for that period goes up by 50%; for a triple shift, by 100%. Assets marked NESD get no extra shift depreciation.

    Source: Companies Act 2013, Schedule II, Part C, note 6 (India Code), checked 17 Oct 2026

  • Significant parts

    A part with its own life, such as a furnace lining, is depreciated on its own. Enter it as a separate asset.

    Where a part’s cost is significant to the asset and its life differs from the rest, that part’s useful life is set separately.

    Source: Companies Act 2013, Schedule II, Part C, note 4(a) (India Code), checked 17 Oct 2026

  • Lives set by a regulator

    Some sectors, such as power, have lives notified for their assets. Those come first.

    A useful life or residual value notified for accounting by a regulator under an Act of Parliament, or by the Central Government, applies instead of the Schedule.

    Source: Companies Act 2013, Schedule II, Part B, para 4 (India Code), checked 17 Oct 2026

  • Intangible assets

    Software licences, trademarks and other intangibles follow the accounting standards, not Part C.

    For intangible assets, the Indian Accounting Standards apply, or the Accounting Standards for a company not on Ind AS.

    Source: Companies Act 2013, Schedule II, Part A, para 3(ii) (India Code), checked 17 Oct 2026

  • Sales, revaluation and impairment

    The calculator follows one asset from the day it was added. It does not work out the profit or loss on a sale, a revaluation or an impairment.

Depreciation questions people ask.

1.

How is depreciation calculated under the Companies Act 2013?

Schedule II spreads the cost of an asset, less its residual value, over its useful life. Part C gives the useful lives, and the residual value is ordinarily no more than 5% of cost. The company picks a method, usually straight line or written down value.

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