Interest on Capital (IOC) is computed at \( 10\% \) per annum on the capital contributions of Neeru and Meetu. The calculation for Neeru's IOC is \( \frac{10}{100} \times 2,00,000 = ₹ 20,000 \), and for Meetu's IOC is \( \frac{10}{100} \times 1,50,000 = ₹ 15,000 \). The total calculated interest of \( 20,000 + 15,000 = ₹ 35,000 \) exceeds the available profit of ₹ 17,500. Consequently, the interest is distributed proportionally to their capital contributions, which are in the ratio of \( 2,00,000 : 1,50,000 = 4:3 \). The adjusted IOC for Neeru is \( \frac{4}{7} \times 17,500 = ₹ 10,000 \), and for Meetu is \( \frac{3}{7} \times 17,500 = ₹ 7,500 \). Therefore, the final distribution is Neeru ₹ 10,000 and Meetu ₹ 7,500.