The Union Government has released additional instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 1st August 2026, which is in addition to the normal monthly devolution to be released on 10th August 2026.
The Jharkhand government on Friday appealed to the Sixteenth Finance Commission to raise the vertical devolution of central taxes from the existing 41 per cent to 50 per cent.
Union finance minister (FM) Nirmala Sitharaman rebutted the Karnataka govt’s claims of step-motherly treatment in tax devolution, affirming that the claim was utterly baseless and intended to create confusion among educated voters.
Uttar Pradesh on Thursday received ₹ 31,962 crore advance installment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.
Kerala received Rs 3430 crore as tax devolution from the Union government. The release includes the normal monthly devolution due in October and an advance instalment, said an official statement.
Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.
Finance Minister Nirmala Sitharaman on Saturday underlined Centre’s support to states through timely tax devolution and GST compensation arrears to stimulate growth.
With today’s release, total Rs. 2,79,500 crore devolved to States for FY2024-25 till 10th June 2024
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