Question
Which of the following section deals with deduction in
respect of Interest on deposits in savings/FD account in case of resident senior citizens?Solution
Section 80TTB allows a deduction of up to Rs. 50,000 in respect of interest income on all types of deposits (savings, fixed, recurring, etc.) for resident senior citizens (individuals who are 60 years of age or above).
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Arjun's income is such that 60% of it equals 50% of Bhanu's income. If Arjun and Bhanu spend 75% and 80% of their respective incomes, determine the rati...
Two individuals, 'Arjun' and 'Bheem', are partners. The proportion of 'Arjun's spending compared to 'Bheem's is 4:5. Meanwhile, the savings ratio of 'Ar...
Average income of 'P' and 'Q' together is Rs. 50,000. Where as the average expenditure of 'P' and 'Q' is Rs. 32,000. Find the sav...
The annual income of Rehan is Rs. 672000. He spent 28% of his monthly income on rent. ‘z’% of the remaining monthly income was spent on food by him....
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