What is the rate of depreciation of water pump as per income tax act?

As per the Income Tax Act in India, the rate of depreciation for a water pump is typically classified under the category of "Plant and Machinery." The standard rate of depreciation for this category is 15% on the Written Down Value (WDV) method. However, if the water pump is installed in a factory or for manufacturing purposes, it may be eligible for additional depreciation, which can further affect the overall depreciation claim. Always consult the latest tax regulations or a tax professional for specific cases.