In National Income NI accounts Personal Income PI is defined as ........

Indian Economic System Growth and development

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In National Income (NI) accounts, Personal Income (PI) is defined as

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CAPF 2018 Paper-1

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NI - undistributed profits – net interest payments made by households - corporate tax + transfer payments to the households from the government and firms

NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms

undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms

undistributed profits – net interest payments made by households - corporate tax

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Explanation:

National Income is the total value of all final goods and services produced by the country in certain year. The growth of National Income helps to know the progress of the country.
In other words, the total amount of income accruing to a country from economic activities in a year’s time is known as national income. It includes payments made to all resources in the form of wages, interest, rent and profits.