Question
Calculate (a) Private income, and (b) Personal disposable income from the following data:
|
(र in crores) |
||
|
(i) |
Income from property and entrepreneurship to government administrative departments |
500 |
|
(ii) |
Savings of non-departmental public enterprises |
100 |
|
(iii) |
Corporation tax |
80 |
|
(iv) |
Income from domestic product accruing to private sector |
4,500 |
|
(v) |
Current transfers from government administrative departments |
200 |
|
(vi) |
Net factor income from abroad |
-50 |
|
(vii) |
Direct personal taxes |
150 |
|
(viii) |
Indirect tax |
220 |
|
(ix) |
Current transfers from rest of world |
80 |
|
(x) |
Saving of private corporate sector |
500 |
Solution
(a) Private income = 4,500 + 200 + (-50) + 80 = 4,730 crores
(b) PDI = 4,730 (Private income) - 80 - 150 - 500
= 4,000 crores
