STOCK TERM
CALCULATOR
Explore All
Business & Tax Tools

Car Depreciation Calculator

Calculate year-by-year Written Down Value (WDV) vehicle depreciation schedules for Fuel Cars and Electric Vehicles (EVs) using our free tool.

₹
Yrs
Depreciation Summary
Initial Vehicle Price ₹ 10,00,000
Depreciation Period 5 Years
Closing WDV (End Value) ₹ 4,43,705
Applicable Annual Depreciation Rate

15.00% WDV

Year-by-Year Depreciation Schedule (WDV)
Year Opening WDV (₹) Depreciation Rate (%) Depreciation Amount (₹) Closing WDV (₹)

About the Car Depreciation Calculator

Our free Car Depreciation Calculator helps vehicle owners, businesses, and taxpayers compute official Written Down Value (WDV) depreciation schedules for Fuel Cars and Electric Vehicles (EVs) across personal and business usage categories.

How Car Depreciation Is Calculated

Depreciation is calculated annually on the Written Down Value (WDV) basis:

$$\text{Depreciation Amount} = \text{Opening WDV} \times \left(\frac{\text{Depreciation Rate (\%)}}{100}\right)$$

$$\text{Closing WDV} = \text{Opening WDV} - \text{Depreciation Amount}$$

  • Fuel Car (Personal): 15\% WDV annually.
  • Fuel Car (Business Purpose): Higher 30\% WDV annually.
  • EV Car (Personal/Business): 40\% WDV annually.

How to Use the Calculator

Select your vehicle category and usage type, enter your purchase ex-showroom price, and specify your depreciation timeframe in years. Click the Calculate button to instantly view your closing WDV and complete year-by-year schedule.

Frequently Asked Questions (FAQs)

Why do business fuel cars qualify for a 30% depreciation rate?
Under Indian Income Tax provisions, commercial or business-use fuel vehicles qualify for a higher accelerated depreciation rate (30\% WDV) compared to personal vehicles (15\% WDV).
What is Written Down Value (WDV)?
WDV is the book value of an asset after accounting for accumulated depreciation from previous periods, meaning depreciation is calculated on the reduced value each year rather than the original purchase price.
How does the EV depreciation rate compare?
Eligible electric vehicles benefit from an accelerated depreciation rate of 40\% WDV annually to promote green mobility and EV adoption.