Sir this is solution of icai rtp Nov 21(Q2-i) !! Sir in this they have written kind of same formula for private and personal income !! But the formula you told us for personal income ie( NDPfc + NFIA – CORP. TAX – RET. EARNINGS + NTA …) is used in private income and while calculating personal income they have done this ( saving of non – department private enterprise – corporate tax ) only !!
Is this right ?
bhavishyaAdvanced
Measurement of national income
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The formula is correct. Are there any values in the question for other attributes? If not, then it is correct if the question provides other values as well, consider them as well in the solution.