Writing oxidation numbers of all the atoms.
+2K2+6Cr2−2O7++2Fe+6S−2O4++1H2+6S−2O4=+3Cr2(+6S−2O4)3++3Fe2(+6S−2O4)3++1K2+6S−2O4++1H2−2O
Change in Ox. no. has occurred in chromium and iron.
K2+6Cr2O7→+3Cr2(SO4)3 ...........(i)
+2FeSO4→+3Fe2(SO4)3
Decrease in Ox. no. of Cr per molecule =(2×6−2×3)=6 units
Increase in Ox. no. of Fe per molecule =1 unit
Hence, eq. (ii) should be multiplied by 6,
K2Cr2O7+6FeSO4→Cr2(SO4)3+3Fe2(SO4)3
To balance sulphate ions and potassium ions, 7 molecules of H2SO4 are needed.
K2Cr2O7+6FeSO4+7H2SO4=Cr2(SO4)3+3Fe2(SO4)3+K2SO4
To balance hydrogen and oxygen, 7H2O should be added on RHS. Hence, balanced equation is,
K2Cr2O7+6FeSO4+7H2SO4=Cr2(SO4)3+3Fe2(SO4)3+K2SO4+7H2O.