Disposable Income
Disposable Income
is define as the income remaining with individuals after deduction of all taxes levied against their income and there property by the government. Disposable Income is income actually at the disposal of household.
They can either spend
it or save it. It is calculated by deducting direct taxes and miscellaneous
fees, fines, etc. paid by the individual from there income.
The formula for calculating Disposable Income:-
= Personal income – Direct
personal tax - Miscellaneous recipes of the government administrative deferment
(fees, fines, etc.)
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