Estimate the value of 'Income from Property and Entrepreneurship' on the basis of the given data : S. No. | Items | Amount (in Rs. crore) (i) | Wages and salaries in cash | 1,000 (ii) | Employer's contribution to social security schemes | 300 (iii) | Rent | 500 (iv) | Rent-free accommodation by employer | 700 (v) | Royalty | 200 (vi) | Interest | 150 (vii) | Corporate Tax | 70 (viii) | Savings of private corporate sector | 130 (ix) | Indirect Taxes | 40 (x) | Dividends | 60

Question

Accepted Answer

Income from Property and Entrepreneurship = Operating Surplus
Operating Surplus = Rent + Royalty + Interest + Profit

Given:
- Rent = 500
- Royalty = 200
- Interest = 150
- Corporate Tax = 70
- Savings of private corporate sector = 130
- Dividends = 60

Profit = Corporate Tax + Dividends + Retained Earnings = 70 + 60 + 130 = 260

Operating Surplus = 500 + 200 + 150 + 260 = Rs. 1,110 crore