Dual Depreciation Calculator India
Verify book depreciation useful limits side-by-side with tax block rates. Fully supports WDV/SLM, Schedule II lives, and the 180-day IT rule.
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Save hours every week. Import purchase invoices, sales bills, and bank statements directly into Tally in 1-click.
Factory equipment, general machinery, electrical machinery, etc.
Acquisition Year Depreciation Assessment
* **Useful Life (Books):** **15 Years** with derived rate of **18.10%** and residual cap of ₹25,000.
* **Income Tax WDV Rate:** **15%**
Year 1 Book Depreciation
₹90,518
Based on Companies Act, 2013 useful life specifications.
Year 1 Income Tax Depreciation
₹75,000
Based on Block of Assets WDV rules.
Year 1 Audit Difference & Deferred Tax
Deferred Tax Asset (DTA) Impact
Your Year 1 depreciation difference is **₹15,518**. Under Ind AS 12, this temporary variance results in a **Deferred Tax Asset** of **₹4,655** at your tax slab rate of 30%.
5-Year Depreciation Comparison Table
| FY / Period | Books Opening | Books Depr | IT Opening | IT Depr | Variance (Books-IT) |
|---|---|---|---|---|---|
| FY 2025-26 | ₹5,00,000 | ₹90,518 | ₹5,00,000 | ₹75,000 | +15,518 |
| FY 2026-27 | ₹4,09,482 | ₹74,131 | ₹4,25,000 | ₹63,750 | +10,381 |
| FY 2027-28 | ₹3,35,351 | ₹60,711 | ₹3,61,250 | ₹54,188 | +6,523 |
| FY 2028-29 | ₹2,74,640 | ₹49,720 | ₹3,07,063 | ₹46,059 | +3,660 |
| FY 2029-30 | ₹2,24,920 | ₹40,719 | ₹2,61,003 | ₹39,150 | +1,568 |
Stop calculating depreciation manually every year.
Upload your supplier invoices — our AI reads them and syncs the purchase entries to Tally in seconds. No manual typing.
Understanding Depreciation Under Indian Frameworks
In India, fixed asset accounting requires continuous dual-tracking. Companies must evaluate asset depreciation for financial audit books and tax disallowance purposes simultaneously. The variance generated between these two methods constitutes a temporary difference, resulting in Deferred Tax Liabilities (DTL) or Assets (DTA) that must be reported under Indian Accounting Standards (Ind AS 12 / AS 22).
Companies Act, 2013 (Books)
Governed by Schedule II, book depreciation focuses on matches between purchase costs and the estimated useful life of an asset.
- Useful Life Basis: Assets are depreciated over estimated life (e.g., Computers = 3 years, General Machinery = 15 years).
- Salvage Cap: Capped at a maximum residual value of 5% of the original cost of acquisition.
Income Tax Act, 1961 (Tax)
Depreciation is computed on blocks of assets, simplifying tax computation by grouping assets with identical tax rates.
- Block WDV System: Computed on the collective Written Down Value of the asset block rather than individual assets.
- 180-Day Limit: If the asset was put to use for less than 180 days in Year 1, the allowed tax depreciation rate is slashed by 50%.
Frequently Asked Questions
Everything you need to know about TrulyInvoice for Tally Prime.
On clear digital PDF invoices, TrulyInvoice achieves approximately 96% field-level extraction accuracy based on internal benchmarks. Accuracy on handwritten or low-resolution scanned invoices is approximately 88-90%. Our review-first workflow ensures you catch and correct any AI omissions before they reach Tally.
TrulyInvoice differs from Suvit in three specific ways: (1) Bulk upload support — TrulyInvoice processes multi-file batches at once vs Suvit's 10-invoice cap. (2) Transparent monthly plans starting at ₹399/month for 1,000 pages (Lite), ₹599 for 2,000 pages (Plus), and Custom High Volume Plans vs Suvit's annual subscription model. (3) Multi-user team seating (up to 3 seats) sharing a single voucher quota. Suvit includes broader module coverage like GST filing that TrulyInvoice focuses on purely as a dedicated invoice-to-Tally engine.
Yes. TrulyInvoice's AI extracts data from handwritten invoices, PDFs, scanned images, and multi-page documents. It's trained on diverse Indian invoice formats including handwritten text.
Setup is typically quick: sign up, enable Port 9000 in Tally settings, install the connector, and test with a sample invoice.
TrulyInvoice supports common GST scenarios and can help map interstate (IGST) and intrastate (CGST+SGST) flows based on invoice and ledger data.
TrulyInvoice supports PDF invoices, JPG/PNG images, scanned documents, and handwritten invoices. It works with GST invoices, purchase bills, and sale invoices from any Indian vendor.
Yes. TrulyInvoice works with Tally running on your local computer. Enable Port 9000 in Tally settings (F1 > Settings > Connectivity) and the connector handles the rest. No cloud hosting required.
TrulyInvoice automatically creates missing ledgers and stock items in Tally. You can also create them manually in Tally and click Refresh to sync.
Yes. Invoices are encrypted in transit and at rest. The Tally sync happens on your computer — data never leaves your network during the sync process.
TrulyInvoice processes most invoices in 15-30 seconds from upload to Tally sync. This includes AI extraction, your review, and the actual sync. A single user can process 100+ invoices in under an hour with the review-first workflow.
TrulyInvoice includes a mandatory review step before syncing. You can edit any field the AI extracted. Additionally, mathematical validation checks if amount equals quantity multiplied by rate, flagging potential calculation errors automatically before they reach Tally.
No technical expertise required. Setup involves three simple steps: enable Port 9000 in Tally settings (F1 > Settings > Connectivity), download the connector app, and sign in. Most users complete setup in under 5 minutes. Phone and WhatsApp support is available if needed.
Yes. You can upload up to 20 invoices per batch upload (PDFs, scans, or photos). The system processes them sequentially with 99%+ accurate AI extraction, and you can review and sync them individually or in batches to Tally Prime.
TrulyInvoice creates both Purchase and Sales vouchers in Tally. It supports standard GST scenarios including intra-state (CGST+SGST) and inter-state (IGST) transactions. The system auto-maps GST rates and creates appropriate ledgers based on your invoice data.
Yes. TrulyInvoice includes a free 14-day trial with instant signup — no credit card required. Plans start at ₹399/month for Lite (1,000 pages) and ₹599/month for Plus (2,000 pages, 2 seats) after your trial ends. No hidden costs.
Stop Manual Voucher Entry.
TrulyInvoice automates your complete invoice workflow and syncs directly to Tally Prime.
No credit card · 14-day free trial
Upload Invoice
Drag & drop PDFs, scans, or photos.
AI Extraction
Line items, tax, and ledgers mapped.
1-Click Review
Verify extracted details on dashboard.
Direct Sync
Vouchers created instantly in Tally Prime.