From the following particulars relating to Mrs. Sridevi for the assessment year 2018-19, compute the deduction available under Chapter VI-A of the Income-Tax Act, 1961: Gross total income: ₹ 11,90,000 Above includes the

Computation of Deduction available under chapter VI-A for AY 2018-19 to Mrs. Sridevi Particulars Amount (₹) Amount (₹) Gross Total Income 11,90,000 Less: Items to be excluded Short-term capital gains from sale of listed securities (50,000) Long term capital gains from sale of vacant site (1,50,000) Winning from crossword puzzle (90,000) (2,90,000) Gross total income for the purpose of Chapter VI-A 900000 Section 80C Contribution to PPF 80000 Section 80CCD(1) Stamp paper and registration fees relating to residential house 85000 Total 165000 Restricted to 150000 (150000) Adjusted Gross total income for deduction 80G 750000 Section 80G Donation to National defence fund 100% 40000 Donation given to Bhoodhan charitable trust recognized for section 80G 80000 First Level restriction 10% of adjusted total income 75000 Allowable deduction is 50% of above 37500 37500 Deduction allowable VI-A (₹ 150000+40000+37500) 227500