₹ 45,000/- remained in the hands of Mr. Shah from his income, after paying tax.
Identify and explain the concepts from the given illustrations:
₹ 45,000/- remained in the hands of Mr. Shah from his income, after paying tax.
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Personal Disposable Income:
It is that part of a personal income that is left over after the payment of direct taxes. In the above case, ₹ 45,000 forms part of Mr. Shah’s Personal Disposable Income, as it is leftover income after payment of his tax.
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