Dinah Pepita

2024 Bonus Depreciation Rate In India. The year 2023 marks a significant reduction in the bonus depreciation percentage. The depreciation rates can be derived based on prescribed useful life for 15 classes of assets listed in schedule ii part c of the companies act 2013.

$20,400 (with bonus depreciation) or $12,400 (without bonus depreciation) year 2: The scheduled change for 2024 introduces a reduction in the bonus depreciation rate from 100% to 80%.