Question
Mr. Arjun earns ₹12 lakh as salary and has invested
₹1.5 lakh in PPF. He also pays ₹30,000 as health insurance premium for himself and ₹50,000 for his senior citizen parents. What is his total deduction under Chapter VI-A?Solution
Deduction u/s 80C = ₹1.5 lakh Section 80D – Medical Insurance Premiums 
✔️ So, total deduction under 80D = ₹25,000 + ₹50,000 = ₹75,000 Total deduction = ₹1,50,000 + ₹75,000 = ₹2,25,000 lakh
M and N invested Rs. 6400 and Rs. 5000, respectively, when they first started their businesses. After a year, N increased his investment by 40% while M ...
A invested Rs. X in a business. After four months B Joined him with Rs. 2X and A double his investment. If at the end of the years total profit i...
‘A’ invested Rs. 3500 in a business. ‘B’ joined x months later with an investment of Rs. 2500. If at the end of the year, B’s share in the pro...
Ajay and Vijay started a business with investments of Rs. 25,000 and Rs. 15,000, respectively. After 9 months, Sanjay joined them with an investment equ...
'A', 'B' and 'C' started a business such that the sum invested by 'B' is (1/6)th of the total sum invested by all of them together and (1/2) of the sum...
"Karan" and "Arjun" launched a business, with "Karan" contributing 25% more capital than "Arjun." 8 months later, 'Arjun' pulled out of the investment. ...
'A', 'B' and 'C' started a business such that the sum invested by 'B' is (1/5)th of the total sum invested by all of them together and equals (3/4)th o...
A, B and C enter into a partnership with capitals in the ratio 2/3 : 3/5 : 5/6 . After 8 months, A increases his share of capital by 25%. If at the end ...
A, B and C enter into a partnership, A invest X + 6000, B invest 5X + 8000 and C invest X + 5000 for one year if B share is 6250 from total profit of 12...
A and B enter into a partnership with their initial sum of Rs.28000 and Rs.40000 respectively. After 8 months, a third person C also joins them with his...
