Under the Income-tax Act, 2025, the rate of depreciation allowed on the block of furniture and fittings…

Furniture and fittings (including electrical fittings) form a block of assets on which depreciation is allowed at 10% on the written-down value. The same 10% rate applied under the Income-tax Act, 1961 and continues under the Income-tax Act, 2025 from the tax year 2026-27. Fifteen per cent is the general rate for plant and machinery and 5% the rate for residential buildings; 20% is not a rate prescribed for furniture.