Schedule II useful life table
Every Schedule II Part C row in one searchable table: useful life, the SLM and WDV rates they imply at a 5% residual value, and whether extra-shift depreciation is allowed.
| Part C ref | Asset | Useful life (years) | SLM rate* | WDV rate* | Markers |
|---|---|---|---|---|---|
| I.a | Buildings (other than factory buildings) - RCC frame structure | 60 | 1.58% | 4.87% | NESD |
| I.b | Buildings (other than factory buildings) - other than RCC frame structure | 30 | 3.17% | 9.50% | NESD |
| I.c | Factory buildings | 30 | 3.17% | 9.50% | NESD |
| I.d | Fences, wells, tube wells | 5 | 19.00% | 45.07% | NESD |
| I.e | Others (including temporary structures, etc.) | 3 | 31.67% | 63.16% | NESD |
| II | Bridges, culverts, bunders, etc. | 30 | 3.17% | 9.50% | NESD |
| III.a.i | Carpeted roads - RCC | 10 | 9.50% | 25.89% | NESD |
| III.a.ii | Carpeted roads - other than RCC | 5 | 19.00% | 45.07% | NESD |
| III.b | Non-carpeted roads | 3 | 31.67% | 63.16% | NESD |
| IV.i.a | General plant and machinery other than continuous process plant, not covered under specific industries | 15 | 6.33% | 18.10% | Extra shift allowed |
| IV.i.b | Continuous process plant for which no special rate is prescribed | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.a.1 | Motion picture films - machinery for production and exhibition, recording, developing, printing, editing, synchronisers, studio lights (except bulbs) | 13 | 7.31% | 20.58% | Extra shift allowed |
| IV.ii.a.2 | Motion picture films - projecting equipment for exhibition of films | 13 | 7.31% | 20.58% | Extra shift allowed |
| IV.ii.b.1 | Glass manufacturing - P&M except direct-fire glass melting furnaces; recuperative and regenerative glass melting furnaces | 13 | 7.31% | 20.58% | Extra shift allowed |
| IV.ii.b.2 | Glass manufacturing - moulds | 8 | 11.88% | 31.23% | NESD |
| IV.ii.b.3 | Glass manufacturing - float glass melting furnaces | 10 | 9.50% | 25.89% | NESD |
| IV.ii.c | Mines and quarries - portable underground machinery and earth-moving machinery used in open-cast mining | 8 | 11.88% | 31.23% | NESD |
| IV.ii.d.1 | Telecommunications - towers | 18 | 5.28% | 15.33% | NESD |
| IV.ii.d.2 | Telecommunications - transceivers, switching centres, transmission and other network equipment | 13 | 7.31% | 20.58% | NESD |
| IV.ii.d.3 | Telecommunications - ducts, cables and optical fibre | 18 | 5.28% | 15.33% | NESD |
| IV.ii.d.4 | Telecommunications - satellites | 18 | 5.28% | 15.33% | NESD |
| IV.ii.e.1 | Oil and gas - refineries | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.e.2 | Oil and gas - oil and gas assets (including wells), processing plant and facilities | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.e.3 | Oil and gas - petrochemical plant | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.e.4 | Oil and gas - storage tanks and related equipment | 25 | 3.80% | 11.29% | NESD |
| IV.ii.e.5 | Oil and gas - pipelines | 30 | 3.17% | 9.50% | NESD |
| IV.ii.e.6 | Oil and gas - drilling rig | 30 | 3.17% | 9.50% | NESD |
| IV.ii.e.7 | Oil and gas - field operations (above ground): portable boilers, drilling tools, well-head tanks, etc. | 8 | 11.88% | 31.23% | NESD |
| IV.ii.e.8 | Oil and gas - loggers | 8 | 11.88% | 31.23% | NESD |
| IV.ii.f.1 | Power - thermal / gas / combined-cycle generation plant | 40 | 2.38% | 7.22% | NESD · Continuous process plant |
| IV.ii.f.2 | Power - hydro generation plant | 40 | 2.38% | 7.22% | NESD |
| IV.ii.f.3 | Power - nuclear generation plant | 40 | 2.38% | 7.22% | NESD · Continuous process plant |
| IV.ii.f.4 | Power - transmission lines, cables and other network assets | 40 | 2.38% | 7.22% | NESD |
| IV.ii.f.5 | Power - wind power generation plant | 22 | 4.32% | 12.73% | NESD |
| IV.ii.f.6 | Power - electric power generation plant | 40 | 2.38% | 7.22% | NESD |
| IV.ii.f.7 | Power - gas storage and distribution plant | 30 | 3.17% | 9.50% | NESD |
| IV.ii.f.8 | Power - water distribution plant including pipelines | 30 | 3.17% | 9.50% | NESD |
| IV.ii.g.1 | Steel - sinter plant | 20 | 4.75% | 13.91% | Extra shift allowed |
| IV.ii.g.2 | Steel - blast furnace | 20 | 4.75% | 13.91% | Extra shift allowed · Continuous process plant |
| IV.ii.g.3 | Steel - coke ovens | 20 | 4.75% | 13.91% | Extra shift allowed · Continuous process plant |
| IV.ii.g.4 | Steel - rolling mill in steel plant | 20 | 4.75% | 13.91% | Extra shift allowed |
| IV.ii.g.5 | Steel - basic oxygen furnace converter | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.h.1 | Non-ferrous metals - metal pot line | 40 | 2.38% | 7.22% | NESD · Continuous process plant |
| IV.ii.h.2 | Non-ferrous metals - bauxite crushing and grinding section | 40 | 2.38% | 7.22% | NESD |
| IV.ii.h.3 | Non-ferrous metals - digester section | 40 | 2.38% | 7.22% | NESD |
| IV.ii.h.4 | Non-ferrous metals - turbine | 40 | 2.38% | 7.22% | NESD |
| IV.ii.h.5 | Non-ferrous metals - equipment for calcination | 40 | 2.38% | 7.22% | NESD |
| IV.ii.h.6 | Non-ferrous metals - copper smelter | 40 | 2.38% | 7.22% | NESD · Continuous process plant |
| IV.ii.h.7 | Non-ferrous metals - roll grinder | 40 | 2.38% | 7.22% | Extra shift allowed |
| IV.ii.h.8 | Non-ferrous metals - soaking pit | 30 | 3.17% | 9.50% | Extra shift allowed |
| IV.ii.h.9 | Non-ferrous metals - annealing furnace | 30 | 3.17% | 9.50% | Extra shift allowed |
| IV.ii.h.10 | Non-ferrous metals - rolling mills | 30 | 3.17% | 9.50% | Extra shift allowed |
| IV.ii.h.11 | Non-ferrous metals - equipment for scalping, slitting, etc. | 30 | 3.17% | 9.50% | NESD |
| IV.ii.h.12 | Non-ferrous metals - surface miner, ripper dozer, etc. used in mines | 25 | 3.80% | 11.29% | Extra shift allowed |
| IV.ii.h.13 | Non-ferrous metals - copper refining plant | 25 | 3.80% | 11.29% | NESD · Continuous process plant |
| IV.ii.i.1 | Medical and surgical operations - electrical machinery, X-ray and electrotherapeutic apparatus and accessories, medical diagnostic equipment (CAT scan, ultrasound machines, ECG monitors, etc.) | 13 | 7.31% | 20.58% | NESD |
| IV.ii.i.2 | Medical and surgical operations - other equipment | 15 | 6.33% | 18.10% | NESD |
| IV.ii.j.1 | Pharmaceuticals and chemicals - reactors | 20 | 4.75% | 13.91% | NESD |
| IV.ii.j.2 | Pharmaceuticals and chemicals - distillation columns | 20 | 4.75% | 13.91% | NESD |
| IV.ii.j.3 | Pharmaceuticals and chemicals - drying equipment / centrifuges and decanters | 20 | 4.75% | 13.91% | NESD |
| IV.ii.j.4 | Pharmaceuticals and chemicals - vessels / storage tanks | 20 | 4.75% | 13.91% | NESD |
| IV.ii.k.1 | Civil construction - concreting, crushing, piling and road-making equipment | 12 | 7.92% | 22.09% | Extra shift allowed |
| IV.ii.k.2a | Civil construction - heavy lift equipment: cranes with capacity of more than 100 tons | 20 | 4.75% | 13.91% | Extra shift allowed |
| IV.ii.k.2b | Civil construction - heavy lift equipment: cranes with capacity of less than 100 tons | 15 | 6.33% | 18.10% | Extra shift allowed |
| IV.ii.k.3 | Civil construction - transmission line, tunnelling equipment | 10 | 9.50% | 25.89% | NESD |
| IV.ii.k.4 | Civil construction - earth-moving equipment | 9 | 10.56% | 28.31% | Extra shift allowed |
| IV.ii.k.5 | Civil construction - others including material handling / pipeline / welding equipment | 12 | 7.92% | 22.09% | NESD |
| IV.ii.l | Salt works | 15 | 6.33% | 18.10% | NESD |
| V.i | Servers and networks | 6 | 15.83% | 39.30% | Extra shift allowed |
| V.ii | End-user devices, such as desktops, laptops, etc. | 3 | 31.67% | 63.16% | Extra shift allowed |
| VI.i | General laboratory equipment | 10 | 9.50% | 25.89% | Extra shift allowed |
| VI.ii | Laboratory equipment used in educational institutions | 5 | 19.00% | 45.07% | Extra shift allowed |
| VII | Electrical installations and equipment | 10 | 9.50% | 25.89% | NESD |
| VIII | Hydraulic works, pipelines and sluices | 15 | 6.33% | 18.10% | NESD |
| IX.i | General furniture and fittings | 10 | 9.50% | 25.89% | NESD |
| IX.ii | Furniture and fittings used in hotels, restaurants, boarding houses, schools, colleges, educational institutions, libraries, welfare centres, meeting halls, cinema houses, theatres, circuses; and furniture let out on hire for marriages and similar functions | 8 | 11.88% | 31.23% | NESD |
| X.1 | Motor cycles, scooters and other mopeds | 10 | 9.50% | 25.89% | NESD |
| X.2 | Motor buses, motor lorries, motor cars and motor taxis used in a business of running them on hire | 6 | 15.83% | 39.30% | NESD |
| X.3 | Motor buses, motor lorries and motor cars other than those used in a business of running them on hire | 8 | 11.88% | 31.23% | NESD |
| X.4 | Motor tractors, harvesting combines and heavy vehicles | 8 | 11.88% | 31.23% | NESD |
| X.5 | Electrically operated vehicles including battery-powered or fuel-cell-powered vehicles | 8 | 11.88% | 31.23% | NESD |
| XI.1.i | Ocean-going - bulk carriers and liner vessels | 25 | 3.80% | 11.29% | NESD |
| XI.1.ii | Ocean-going - crude tankers, product carriers and easy chemical carriers | 20 | 4.75% | 13.91% | NESD |
| XI.1.iii.a | Ocean-going - chemical and acid carriers with stainless steel tanks | 25 | 3.80% | 11.29% | NESD |
| XI.1.iii.b | Ocean-going - chemical and acid carriers with other tanks | 20 | 4.75% | 13.91% | NESD |
| XI.1.iv | Ocean-going - liquefied gas carriers | 30 | 3.17% | 9.50% | NESD |
| XI.1.v | Ocean-going - conventional large passenger vessels (including cruise use) | 30 | 3.17% | 9.50% | NESD |
| XI.1.vi | Coastal service ships of all categories | 30 | 3.17% | 9.50% | NESD |
| XI.1.vii | Offshore supply and support vessels | 20 | 4.75% | 13.91% | NESD |
| XI.1.viii | Catamarans and other high-speed passenger ships or boats | 20 | 4.75% | 13.91% | NESD |
| XI.1.ix | Drill ships | 25 | 3.80% | 11.29% | NESD |
| XI.1.x | Hovercrafts | 15 | 6.33% | 18.10% | NESD |
| XI.1.xi | Fishing vessels with wooden hull | 10 | 9.50% | 25.89% | NESD |
| XI.1.xii | Dredgers, tugs, barges, survey launches and similar ships used mainly for dredging | 14 | 6.79% | 19.26% | NESD |
| XI.2.i | Vessels ordinarily operating on inland waters - speed boats | 13 | 7.31% | 20.58% | NESD |
| XI.2.ii | Vessels ordinarily operating on inland waters - other vessels | 28 | 3.39% | 10.15% | NESD |
| XII | Aircrafts or helicopters | 20 | 4.75% | 13.91% | NESD |
| XIII | Railway sidings, locomotives, rolling stocks, tramways and railways used by concerns, excluding railway concerns | 15 | 6.33% | 18.10% | NESD |
| XIV | Ropeway structures | 15 | 6.33% | 18.10% | NESD |
| XV | Office equipment | 5 | 19.00% | 45.07% | NESD |
Indicative calculations. Confirm with your Chartered Accountant before filing.
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Assumptions used
- Rates as at: reference data version 2026.09.1. Source: Companies Act, 2013 - Schedule II (see section 123), Part C, as amended by MCA notification G.S.R. 627(E) dated 29-08-2014 and later amendments.
- Rows marked “Under review” are being checked against the Gazette text; treat them with care.
- SLM and WDV rates are derived for comparison only, at a 5% residual value. Schedule II prescribes useful lives; a different residual value gives a different rate.
- Lives assume single-shift working. Intangible assets are amortised under AS 26 / Ind AS 38, not under Part C, and are not listed.
Frequently asked questions
What useful life does Schedule II give for computers and laptops?
Part C gives 3 years for end-user devices such as desktops and laptops, and 6 years for servers and networks.
What is the useful life of general plant and machinery?
General plant and machinery that is not a continuous process plant and is not covered by an industry-specific entry has a useful life of 15 years. Continuous process plant with no special entry has 25 years.
What does NESD mean?
No Extra Shift Depreciation. For rows marked NESD, the 50% (double shift) or 100% (triple shift) increase in depreciation does not apply.
Can a company use a different useful life?
Yes, with justification. Part A says the useful life shall not ordinarily differ from Part C; a company that uses a different life or a residual value above 5% must disclose the justification (usually technical advice) in its financial statements.
Why are rates shown if Schedule II only gives lives?
Many registers and audit files still quote a rate. The table shows the SLM rate (95% ÷ life) and the WDV rate (1 − 0.05^(1 ÷ life)) at a 5% residual so you can compare; the Schedule II calculator works them out for your own residual value.
Automate this in FixedAsset Pro
FixedAsset Pro ships the same Part C table as reference data: pick a class when you add an asset and the life, method and residual value come from your policy, with any change logged for the auditor.