Mr.

Bharath
Computation of Amount Entitled to Deduction u/s 80C for the
Assessment Year 2021-22
Particulars Rs.
1. LIP on own life 5,000
2. LIP on major son’s life 16,000
3. LIP on married daughter's life 1,000
4. Contribution to RPF 5,000
5. Contribution to PPF 4,000
6. Investments in NSC VIII Issue 10,000
7. Deposits in Home Loan Account 8,000
8. Contribution to ULIP 5,000
9. LIP on Wife's life 8,000
10. NSC Purchased 10,000
11. Contribution to Family Benefit Fund -
12. LIP on brother’s life policy -

Amount Entitled for Deduction 72,000

 Mr. Ram
Computation of Total Income for the ALTERNATE SOLUTIO
Assessment Year 2021-22
Particulars Rs.
Salary being G.T.I 765,000 16 (i)
Less: Deduction u/s 80C: 16(ii)
PPF, RPF and Tuition Fee 128,000 16(iii)
Deduction u/s 80CCC: TAXABLE SALARY
Pension Fund 25,000 153,000

DEDUCTION u/s 80CCE 150,000

Less: Deduction u/s 80E 15,000

TOTAL INCOME 600,000
 ALTERNATE SOLUTION

765,000
50,000
-
2,400 52,400
TAXABLE SALARY 712,600

TOTAL INCOME 547,600

 GTI 675,000
80C 50,000 50,000
JP.03 80D 25,000 25,000
80G 15,000 15,000
TI 585,000

GTI 1,320,000
80C 70,000
80C 50,000 120,000
JP.04
80E 120,000 120,000
80DD 75,000 75,000 315,000
TI 1,005,000
JP.05: Alternate Solu
GTI 480,000
80C 45000 OR 40 40,000
JP.05 80G 10,000
80U 75,000 125,000
355,000
JP.05: Alternate Solution
490,000
50,000
440,000
40,000
20,000
75,000 135,000
305,000
 Mr. Kuldeep
Computation of Total Income for the
Assessment Year 2021-22
Particulars Rs.
Salary 216000 ###
Less: Deduction u/s 16 52,400 163,600

Income from House Property:

House A 60,000 ###
Less: Loss from House B 20,000 40,000

Income from Business:

Income from Cloth Business 30,000 ###
Less: Loss from Hardware Business 60,000 -30,000
Loss from Speculation Business C/F 10000 [to b

Income From Other Sources:

Lottery 25000 ###
Interest on Securities 10000 35,000
Loss from Maintenance of Race House C/F 7000 [To be

GROSS TOTAL INCOME 208,600

Less: Deduction u/s 80 0
TOTAL INCOME 208,600