Question

how can we derive personal income from private income​

Answer 1

Explanation:

Private Income = Factor Income accruing to private sector + Net Factor Income From abroad + Current Transfers From Government + Current Transfers From Rest of the World.

= 4500 + (–) 50 + 200 + 80.

= Rs 4730 crores.

Personal Income = Private Income – Savings of Private corporate Sector – Corporation tax.

= 4730 – 500 –80.