Fewpal
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in National Income and its Related Aggregates by (67.0k points)

What do you mean by personal disposable income?

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Individual earning income from all sources, which they can use according to their wishes, is called personal disposable income. In order to calculate personal income, 

The following is deducted from personal income-

Personal Disposable Income = Personal Income – Personal Direct Tax – Non Taxable Payment
OR
Personal Disposable Income = Consumption + Savings.

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