CG Board (CGBSE / SCERT Chhattisgarh) Class 10 Mathematics Solutions | 2026-27 Edition
📚 Chapter Overview:
- Board: Chhattisgarh Board of Secondary Education (CGBSE) / CG SCERT Raipur
- Subject & Unit: Class 10 Mathematics – Unit 3: Commercial Mathematics (2026-27 Edition)
- Chapter 8: Banking and Taxation (बैंकिंग एवं कराधान)
- Medium: Bilingual Step-by-Step Solutions (English Medium + हिंदी माध्यम)
Savings Bank Account
बचत बैंक खाता
Money can be deposited or withdrawn at any time. The rate of interest is lower compared to other accounts because the bank cannot invest this money long-term.
A fixed sum of money (monthly installment) is deposited every month for a pre-determined tenure (e.g., 1 to 10 years). The interest rate is higher than a savings account.
A lump sum amount is deposited for a fixed period (e.g., 6 months, 1 year, 5 years). Interest is compounded annually, semi-annually, or quarterly. The rate of interest is the highest among all deposit accounts.
Income Tax Taxation Concepts Financial Year The period…
करीम स्टेट बैंक ऑफ इंडिया में 150 प्रति…
- Monthly Installment / (P) = ₹150
- Time / (t) = 2 years = 2 × 12 = 24 months ⇒ n = 24
- Rate of interest / (r) = 5% per annum
- Formula for Interest / :
I = P × r/100 × 1/12 × (n(n + 1))/(2)
I = 150 × 5/100 × 1/12 × (24 × 25)/(2)
I = 150 × 0.05 × 1/12 × 300 = 7.5 × 25 = ₹187.50
- Total Deposited Amount / :
P × n = 150 × 24 = ₹3600
- Total Maturity Amount / (A):
A = (P × n) + I = 3600 + 187.50 = ₹3787.50
- Final Answer: Karim will get ₹3787.50 after 2 years.
Reshma opened a recurring deposit account in Punjab…
रेशमा ने पंजाब नेशनल बैंक में 5 वर्ष…
- Monthly Installment (P) = ₹200
- Time (t) = 5 years = 5 × 12 = 60 months ⇒ n = 60
- Rate of interest (r) = 6% p.a.
- Formula for Interest:
I = P × r/100 × 1/12 × (n(n + 1))/(2)
- Calculation:
I = 200 × 6/100 × 1/12 × (60 × 61)/(2)
I = 12 × 1/12 × 1830 = ₹1830
- Total Deposited Amount:
P × n = 200 × 60 = ₹12000
- Maturity Amount (A):
A = 12000 + 1830 = ₹13830
- Final Answer: Reshma will get ₹13,830 after 5 years.
Rohan opened a recurring deposit account in a…
रोहन ने डाकघर में 50 प्रति माह की…
- Monthly Installment (P) = ₹50
- Time (t) = 5 years = 5 × 12 = 60 months ⇒ n = 60
- Rate of interest (r) = 5% p.a.
- Formula for Interest:
I = P × r/100 × 1/12 × (n(n + 1))/(2)
- Calculation:
I = 50 × 5/100 × 1/12 × (60 × 61)/(2)
I = 2.5 × 1/12 × 1830 = 2.5 × 152.5 = ₹381.25
- Total Deposited Amount:
P × n = 50 × 60 = ₹3000
- Maturity Amount (A):
A = 3000 + 381.25 = ₹3381.25
- Final Answer: Rohan will get ₹3381.25 on maturity.
Padmini opened a recurring deposit account in District…
पद्मिनी ने जिला सहकारी बैंक में 10 वर्ष…
- Monthly Installment (P) = ₹100
- Time (t) = 10 years = 10 × 12 = 120 months ⇒ n = 120
- Interest earned (I) = ₹3025
- Rate of interest (r) = ?
- Formula:
I = P × r/100 × 1/12 × (n(n + 1))/(2)
- Substituting values:
3025 = 100 × r/100 × 1/12 × (120 × 121)/(2)
3025 = r × 1/12 × 7260
3025 = r × 605
r = (3025)/(605) = 5\%
- Final Answer: The rate of interest is 5% per annum.
If Kishan opens a recurring deposit account in…
यदि किशन किसी बैंक में 250 प्रति माह…
- Monthly Installment (P) = ₹250
- Time (t) = 3 years = 3 × 12 = 36 months ⇒ n = 36
- Rate of interest (r) = 5% p.a.
- Formula for Interest:
I = P × r/100 × 1/12 × (n(n + 1))/(2)
- Calculation:
I = 250 × 5/100 × 1/12 × (36 × 37)/(2)
I = 12.5 × 1/12 × 666 = 12.5 × 55.5 = ₹693.75
- Total Deposited Amount:
P × n = 250 × 36 = ₹9000
- Maturity Amount (A):
A = 9000 + 693.75 = ₹9693.75
- Final Answer: Kishan will get ₹9693.75.
Rajat opened a recurring deposit account in a…
रजत ने सेन्ट्रल बैंक ऑफ इंडिया की एक…
- Monthly Installment (P) = ₹100
- Time (t) = 3 years = 3 × 12 = 36 months ⇒ n = 36
- Interest earned (I) = ₹222
- Formula:
I = P × r/100 × 1/12 × (n(n + 1))/(2)
- Substituting values:
222 = 100 × r/100 × 1/12 × (36 × 37)/(2)
222 = r × 1/12 × 666
222 = r × 55.5
r = (222)/(55.5) = 4\%
- Final Answer: The rate of interest is 4% per annum.
Kishan deposits 20000 for 1 year as fixed…
किशन इलाहाबाद बैंक में 20000 को 1 वर्ष…
- Principal Amount (P) = ₹20,000
- Annual Rate of Interest = 16% p.a.
- Since interest is compounded quarterly (every 3 months), rate per quarter (r) = 16/4 = 4\% per quarter.
- Time (t) = 1 year = 4 quarters ⇒ n = 4.
- Formula for Fixed Deposit Compound Amount:
A = P (1 + r/100)n
- Calculation:
A = 20000 (1 + 4/100)4 = 20000 (1 + 1/25)4 = 20000 (26/25)4
A = 20000 × (456976)/(390625) = (9139520000)/(390625) ≈ ₹23397.17
- Final Answer: Kishan will get ₹23,397.17 on maturity.
Hemchand deposits 100000 for 1 year and six…
हेमचंद ग्रामीण बैंक में 100000 को 1 वर्ष…
- Principal Amount (P) = ₹1,00,000
- Annual Rate of Interest = 8% p.a.
- Rate per quarter (r) = 8/4 = 2\% per quarter.
- Time = 1 year 6 months = 18 months = 6 quarters ⇒ n = 6.
- Formula:
A = P (1 + r/100)n
- Calculation:
A = 100000 (1 + 2/100)6 = 100000 (1.02)6
A = 100000 × 1.126162419 = ₹112616.24
- Final Answer: Hemchand will get ₹1,12,616.24 on maturity.
If a person saves 2 lakhs for two…
यदि कोई व्यक्ति 2 लाख 2 वर्ष के…
- Principal Amount (P) = ₹2,00,000
- Rate of interest (r) = 4% p.a.
- Time (n) = 2 years (compounded annually)
- Formula:
A = P (1 + r/100)n
- Calculation:
A = 200000 (1 + 4/100)2 = 200000 (26/25)2
A = 200000 × 676/625 = 320 × 676 = ₹216320
- Final Answer: The maturity amount will be ₹2,16,320.00.
Nilesh opens a fixed deposit account for one…
नीलेश बैंक ऑफ इंडिया में 1 वर्ष के…
- Principal Amount (P) = ₹50,000
- Annual Rate = 8% p.a. ⇒ r = 8/4 = 2\% per quarter.
- Time = 1 year = 4 quarters ⇒ n = 4.
- Formula:
A = P (1 + r/100)n
- Calculation:
A = 50000 (1 + 2/100)4 = 50000 (51/50)4
A = 50000 × (6765201)/(6250000) = 50000 × 1.08243216 = ₹54121.608 ≈ ₹54121.60
- Final Answer: Nilesh will get ₹54,121.60.
Pushpa saved 60000 for one year six months…
पुष्पा ने 60000 को 1 वर्ष 6 माह…
- Principal Amount (P) = ₹60,000
- Annual Rate = 12% p.a. ⇒ r = 12/2 = 6\% semi-annually.
- Time = 1 year 6 months = 3 half-years ⇒ n = 3.
- Formula:
A = P (1 + r/100)n
- Calculation:
A = 60000 (1 + 6/100)3 = 60000 (53/50)3
A = 60000 × (148877)/(125000) = 0.48 × 148877 = ₹71460.96
- Final Answer: Pushpa will get ₹71,460.96 on maturity.
Sriram deposited 20000 for two years in a…
श्रीराम ने 20000 को 2 वर्ष के लिए…
- Principal Amount (P) = ₹20,000
- Annual Rate = 6% p.a. ⇒ r = 6/2 = 3\% semi-annually.
- Time = 2 years = 4 half-years ⇒ n = 4.
- Formula:
A = P (1 + r/100)n
- Calculation:
A = 20000 (1 + 3/100)4 = 20000 (103/100)4
A = 20000 × 1.12550881 = ₹22510.176 ≈ ₹22510.17
- Final Answer: Sriram will get ₹22,510.17.
### *Exercise – 2
The income excluding house rent allowance of a…
कर दरें
- Step 1: Gross Annual Income / = ₹4,10,000
- Step 2: Donations eligible for tax deduction / :
- Prime Minister’s Relief Fund (100% of ₹20,000) = ₹20,000
- Old Persons’ Home (50% of ₹12,000) = ₹6,000
- Total Donation Deduction = ₹20,000 + ₹6,000 = ₹26,000
- Income after Donation:
4,10,000 – 26,000 = ₹3,84,000
- Step 3: Total Savings / (under Section 80C):
- LIC Premium = ₹20,000
- GPF Deposit = 4000 × 12 = ₹48,000
- NSC Purchased = ₹25,000
- Total Savings = ₹20,000 + ₹48,000 + ₹25,000 = ₹93,000
- Since maximum permissible savings limit is ₹1,00,000, full ₹93,000 is eligible for exemption.
- Step 4: Taxable Income / :
Taxable Income = 3,84,000 – 93,000 = ₹2,91,000
- Step 5: Calculation of Income Tax / :
- Up to ₹2,00,000 = NIL
- On remaining amount (₹2,91,000 – ₹2,00,000 = ₹91,000) at 10%
Income Tax = 10\% of 91,000 = 10/100 × 91000 = ₹8700
- Step 6: Educational Cess / (3%):
Educational Cess = 3\% of 8700 = 3/100 × 8700 = ₹261
- Step 7: Total Payable Income Tax / :
Total Tax = 8700 + 261 = ₹8961
- Final Answer: Total payable income tax is ₹8,961.
Naveens income in the financial year 20132014 was…
नवीन की वित्तीय वर्ष 20132014 में कुल आय…
- Gross Income = ₹7,20,000
- Donation Deduction = 50% of ₹15,000 = ₹7,500
- Income after Donation = 7,20,000 – 7,500 = ₹7,12,500
- Savings under 80C:
- LIC = ₹20,000
- GPF = 4000 × 12 = ₹48,000
- NSC = ₹30,000
- Total Savings = ₹20,000 + ₹48,000 + ₹30,000 = ₹98,000
- Since ₹98,000 ≤ ₹1,00,000, full ₹98,000 is exempted.
- Taxable Income = 7,12,500 – 98,000 = ₹6,14,500
- Tax Calculation (Slabs 2013-14):
- Up to ₹2,00,000 = NIL
- ₹2,00,001 to ₹5,00,000 (10% of ₹3,00,000) = ₹30,000
- ₹5,00,001 to ₹6,14,500 (20% of ₹1,14,500)
20\% of 1,14,500 = 20/100 × 114500 = ₹22,900
- Total Income Tax = ₹30,000 + ₹22,900 = ₹52,900
- Educational Cess (3%):
3\% of 52,900 = 3/100 × 52900 = ₹1587
- Total Payable Tax:
52,900 + 1587 = ₹54,487
- Final Answer: Total payable income tax is ₹54,487.
Rameshs total annual income in the financial year…
रमेश की वित्तीय वर्ष 20082009 में कुल आय…
- Gross Income = ₹3,00,000
- Savings under 80C:
- GPF = 1000 × 12 = ₹12,000
- LIC = ₹12,000
- Total Savings = ₹12,000 + ₹12,000 = ₹24,000
- Max limit ₹1,00,000; full ₹24,000 is exempted.
- Taxable Income = 3,00,000 – 24,000 = ₹2,76,000
- Income Tax Calculation:
- Up to ₹1,50,000 = NIL
- Above ₹1,50,000 (₹2,76,000 – ₹1,50,000 = ₹1,26,000) at 10%
Income Tax = 10\% of 1,26,000 = 10/100 × 126000 = ₹12,600
- Educational Cess (3%):
Cess = 3\% of 12,600 = 3/100 × 12600 = ₹378
- Total Payable Tax:
12,600 + 378 = ₹12,978
- Final Answer: Total payable income tax is ₹12,978.
The monthly income excluding house rent allowance of…
The monthly income excluding house rent allowance of…
- Gross Annual Income = 40,000 × 12 = ₹4,80,000
- Savings under 80C:
- GPF = ₹42,000
- LIC = 6000 × 2 = ₹12,000
- Total Savings = ₹42,000 + ₹12,000 = ₹54,000
- Permissible limit ₹1,00,000; full ₹54,000 exempted.
- Taxable Income = 4,80,000 – 54,000 = ₹4,26,000
- Income Tax Calculation:
- Up to ₹2,50,000 = NIL
- On remaining (₹4,26,000 – ₹2,50,000 = ₹1,76,000) at 10%
Income Tax = 10\% of 1,76,000 = ₹17,600
- Educational Cess (3%):
Cess = 3\% of 17,600 = ₹528
- Total Annual Tax Payable:
17,600 + 528 = ₹18,128
- Tax paid in first 11 months:
1600 × 11 = ₹17,600
- Remaining Tax Due in Last Month:
18,128 – 17,600 = ₹528
- Final Answer: Total income tax is ₹18,128 and the tax due in the last month is ₹528.
Rajeshs total annual income in the financial year…
Rajeshs total annual income in the financial year…
- Gross Income = ₹5,25,000
- Savings under 80C:
- GPF = 8000 × 12 = ₹96,000
- LIC = ₹8,000
- Total Savings = ₹96,000 + ₹8,000 = ₹1,04,000
- Since maximum permissible savings exemption limit is ₹1,00,000, rebate allowed = ₹1,00,000.
- Taxable Income = 5,25,000 – 1,00,000 = ₹4,25,000
- Income Tax Calculation (Slabs 2012-13):
- Up to ₹2,00,000 = NIL
- From ₹2,00,001 to ₹4,25,000 (10% of ₹2,25,000)
Income Tax = 10\% of 2,25,000 = ₹22,500
- Educational Cess (3%):
Cess = 3\% of 22,500 = ₹675
- Total Payable Income Tax:
22,500 + 675 = ₹23,175
- Final Answer: Total income tax is ₹23,175 (Income Tax = ₹22,500 + Education Cess = ₹675).
In the financial year 20142015 the annual income…
In the financial year 20142015 the annual income…
- Gross Income = ₹6,00,000
- Savings under 80C:
- GPF = ₹48,000
- LIC = ₹25,000
- Total Savings = ₹48,000 + ₹25,000 = ₹73,000
- Limit ₹1,00,000; full ₹73,000 exempted.
- Taxable Income = 6,00,000 – 73,000 = ₹5,27,000
- Income Tax Calculation:
- Up to ₹2,50,000 = NIL
- ₹2,50,001 to ₹5,00,000 (10% of ₹2,50,000) = ₹25,000
- ₹5,00,001 to ₹5,27,000 (20% of ₹27,000)
20\% of 27,000 = ₹5400
- Basic Income Tax = ₹25,000 + ₹5400 = ₹30,400
- Educational Cess (3%):
Cess = 3\% of 30,400 = ₹912
- Total Annual Tax:
30,400 + 912 = ₹31,312
- Tax paid in first 11 months:
1500 × 11 = ₹16,500
- Remaining Tax Due:
31,312 – 16,500 = ₹14,812
- Final Answer: Total income tax is ₹31,312 (Basic Tax = ₹30,400 + Sub-tax = ₹912) and the tax due remaining is ₹14,812.
An officers annual income excluding house rent allowance…
An officers annual income excluding house rent allowance…
- Gross Income = ₹7,20,000
- Donation Deduction: 50% of ₹20,000 = ₹10,000
- Income after Donation: 7,20,000 – 10,000 = ₹7,10,000
- Savings under 80C:
- LIC = 3000 × 12 = ₹36,000
- GPF = 4000 × 12 = ₹48,000
- NSC = ₹30,000
- Total Savings = ₹36,000 + ₹48,000 + ₹30,000 = ₹1,14,000
- Maximum permissible rebate limit = ₹1,00,000.
- Taxable Income = 7,10,000 – 1,00,000 = ₹6,10,000
- Income Tax Calculation:
- Up to ₹2,00,000 = NIL
- ₹2,00,001 to ₹5,00,000 (10% of ₹3,00,000) = ₹30,000
- ₹5,00,001 to ₹6,10,000 (20% of ₹1,10,000)
20\% of 1,10,000 = ₹22,000
- Basic Income Tax = ₹30,000 + ₹22,000 = ₹52,000
- Educational Cess (3%):
Cess = 3\% of 52,000 = ₹1560
- Total Payable Tax:
52,000 + 1560 = ₹53,560
- Final Answer: Total income tax is ₹53,560 (Basic Tax = ₹52,000 + Education Cess = ₹1,560).