Reetu | Nov 11, 2022 |

Centre released two instalments of Tax Devolution to State Govt. amounting to Rs.116665 Cr

The Union Government has released two instalments of tax devolution to State Governments amounting to Rs.1,16,665 crore today, as against normal monthly devolution of Rs.58,333 crore.

This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure.

State-wise breakup of amounts released is given below in the table:

State-wise distribution of Net Proceeds of Union Taxes and Duties for November 2022

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Tags: Finance, News, State Government, Studycafe, Tax, Tax Devolution

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Name: Reetu

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Reetu is a Content Writer with 3+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM(Honrs.) Graduate.

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