2024 Bonus Depreciation Rate In India. Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs. This means businesses will be able to write off 60% of the cost of eligible assets in the first year that the assets are placed into service.

Full bonus depreciation is phased down by 20% each year for property placed in service after dec. 27, 2017, and placed in service during 2024, for 2024 and each succeeding tax year.