For the Financial year 2023-24 Gross Total Income of Dhruvan (Age 47) employed in Indian Air Force was ₹17,50,000, it includes long term capital gain on sale of house property ₹3,16,000. He has made the following payment

Computation of Total allowed deduction under chapter VI-A for A.Y. 2024-25 Particulars Amount (₹) Amount (₹) (i) Deduction under section 80C Life insurance premium paid for insurance of his major daughter (Maximum 10% of sum assured value, i.e. ₹1,70,000 X 10% = ₹17,000) 17,000 Five-year post-office time deposit 52,000 Payment of tuition fees for son paid to Winsome School 75,000 Total Deduction under section 80C - 1,44,000 (ii) Deduction under section 80CCH(1) Employee's contribution to Agniveer Corpus Fund 22,500 (iii) Deduction under section 80CCH(2) Employer's contribution to Agniveer Corpus Fund 22,500 (iv) Deduction under section 80G Donation to a public charitable institution registered under 80G (Subject to maximum of 50% of ₹1,24,500) (W.N. 1) 62,250 Total Deduction under chapter VI-A 2,51,250 Working Note 1: Donation to a registered public charitable institution is eligible for 50% deduction subject to qualifying limit. In this case qualifying limit for availing deduction under section 80G is restricted to 10% of adjusted gross total income. Adjusted gross total income means = Gross total income - LTCG - STCG u/s 111A - all deductions except 80G. Therefore, adjusted total income is ₹12,45,000 (i.e., ₹17,50,000 - ₹3,16,000 - ₹1,44,000 - ₹22,500 - ₹22,500), 10% of adjusted total income is ₹1,24,500. Hence, the deduction under section 80G would be ₹62,250 (i.e., 50% ₹1,24,500)