Calculate personal income and personal disposable income.

Explanation

1. Personal Income = Private income - Corporate tax - Corporate savings
`=15,000-1,000-2,000`
`= Rs 12,000` lakh
2. Personal disposable Income = Personal income - Direct tax - Misc. receipts
`=12,000-2,500-1,500`
`= Rs 8,000` lakh
Here, Item no. 1 is not required as private income is given directly. Item no. 4 is included in private income, hence not required.
Note : More numerical questions on above formulae will be discussed after the differences.