Question
Calculate personal income from the following data:
(र in crores)
1. Net national product (National income) 54,500
2. Corporate profit tax 1,520
3. Undistributed profits of companies 3,500
4. Share of National Income accruing to government sector 1,680
5. Interest on National Debt 700
6. Current Transfer
(i) from Government 1,200
(ii) from rest of the world 300
7. Personal Income Tax 250
Solution
Personal income = (1) - (4) - (2) - (3) + (5) + (6)
= 54,500 - 1,680 - 1,520 - 3,500 + 700 + (1,200 + 300)
= 54,500 - 6,700 + 2,200
= 50,000 crores
