From the following data- find out Personal Disposal Income-Whineitext i Corporation tax - 34 Whe itext ii Miscellaneous receipts of the goverment - 12 Wlineltext iii Undistributed profits of corporations - 4 Wheitext iv Direct taxes - 44

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Economics

Budget

From the foll...

Question

From the following data, find out Personal Disposal Income.

$\begin{matrix} Items & Rs in crores (i) Corporation tax & 34 (ii) Miscellaneous receipts of the goverment & 12 (iii) Undistributed profits of corporations & 4 (iv) Direct taxes & 44 (v) Private Income & 2, 748 \end{matrix}$

Open in App

Solution

Personal Disposable Income

=Private Income-Corporation Tax-Undistributed profits of corporations-Miscellaneous receipts of the goverment-Direct taxes

=Rs 2,748 crores-Rs 34 crores-Rs 4 crores-Rs 12 crores-Rs 44 crores

=Rs 2,654 crores.

Personal Disposable Income=Rs 2,654 crores.

Suggest Corrections

Similar questions

Q. Giving reasons, classify the following as direct and indirect taxes:
(i) IncomeTax
(ii) Goods and Services Tax
(iii) Corporate Tax
(iv) Capital GainsTax

Q. Taxes levied on personal income, profits of the corporate, wealth and property is termed as ________ tax.

Q. Short answer type questions:
Giving reasons, categorise the following into revenue receipts and capital receipts: (i) Recovery of loans; (ii) Corporation tax; (Ili) Dividends on investments made by government; (iv) Sale of a public sector undertaking.

From the following data, calculate Personal Income and Personal Disposable Income.

		Rs (crore)
(a)	Net Domestic Product at factor cost	8,000
(b)	Net Factor Income from abroad	200
(c)	Undisbursed Profit	1,000
(d)	Corporate Tax	500
(e)	Interest Received by Households	1,500
(f)	Interest Paid by Households	1,200
(g)	Transfer Income	300
(h)	Personal Tax	500

Calculate Net National Product at Factor Cost and Gross National Disposable Income from the following:

$\begin{matrix} (Rs in crores) (i) Net current transfers to & 10 the rest of the world (ii) Savings of non-departmental & 60 enterprises (iii) Net indirect tax & 90 (iv) Income from property and enterpreneurship & 80 accruing to the government administrative departments (v) Consumption of fixed capital & 70 (vi) Personal tax & 100 (vii) Corporation tax & 40 (viii) National debt interest & 30 (ix) Current transfer payments by Government & 50 (x) Retained earnings of private corporate sector & 10 (xi) Personal disposable income & 1, 100 \end{matrix}$

Join BYJU'S Learning Program

From the following data, find out Personal Disposal Income. ItemsRs in crores(i) Corporation tax 34(ii) Miscellaneous receipts of the goverment 12(iii) Undistributed profits of corporations 4(iv) Direct taxes 44(v) Private Income2,748

Personal Disposable Income =Private Income-Corporation Tax-Undistributed profits of corporations-Miscellaneous receipts of the goverment-Direct taxes =Rs 2,748 crores-Rs 34 crores-Rs 4 crores-Rs 12 crores-Rs 44 crores =Rs 2,654 crores. Personal Disposable Income=Rs 2,654 crores.

From the following data, find out Personal Disposal Income.

$\begin{matrix} Items & Rs in crores (i) Corporation tax & 34 (ii) Miscellaneous receipts of the goverment & 12 (iii) Undistributed profits of corporations & 4 (iv) Direct taxes & 44 (v) Private Income & 2, 748 \end{matrix}$

Personal Disposable Income

=Private Income-Corporation Tax-Undistributed profits of corporations-Miscellaneous receipts of the goverment-Direct taxes

=Rs 2,748 crores-Rs 34 crores-Rs 4 crores-Rs 12 crores-Rs 44 crores

=Rs 2,654 crores.

Personal Disposable Income=Rs 2,654 crores.