Prime Depreciation Rates as per Income Tax Act are as follows:

Sl. No. Asset Depreciation Rate
1 Building: Residential 5.00%
2 Building: Factory 10.00%
3 General Plant & Machinery 15.00%
4 Motor Car 15.00%
5 Motor Buses/Lorries Used In Hire 30.00%
6 Computers including Software 60.00%
7 Furniture 10.00%
8 Patents, Know-how, copyrights, licenses etc. 25.00%

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