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The Govt. of India has transferred Rs.5,28,405 crore to state governments as Devolution of Share of Taxes up to this period, representing a Rs.93,966 crore increase over the previous year.

Central Government allocated Rs.5.28 lakh crore to States for Tax Devolution

Union Government has allowed the transfer of 72,961.21 crore in tax devolution to state governments on November 7, 2023, in light of the upcoming festive season.

Union Government authorises release of Tax Devolution of Rs.72,961.21 crore to all State Governments for Nov 2023

Union Government has released 3rd instalment of tax devolution to State Governments amounting to Rs.1,18,280  crore on 12th June, 2023, as against normal monthly devolution of Rs.59,140 crore.

Central Government releases Rs.1,18,280 crore as 3rd Instalment of Tax Devolution to State Governments

The government plans to establish the 16th Finance Commission this year to recommend, among other things, the ratio in which tax is to be distributed between the Centre and states for a five-year period beginning April 1, 2026, according to an official.

Government to set up 16th Finance Commission in 2023 to suggest tax devolution

Union Government has released 14th instalment of tax devolution to State Governments amounting to Rs.1,40,318 crore today.

Union Govt. releases 14th instalment of Tax Devolution to State Govt. amounting to Rs.1,40,318 crore

Centre released two instalments of tax devolution to State Govt. amounting to Rs.116665 Cr

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Central Government allocated Rs.5.28 lakh crore to States for Tax Devolution

Union Government authorises release of Tax Devolution of Rs.72,961.21 crore to all State Governments for Nov 2023

Central Government releases Rs.1,18,280 crore as 3rd Instalment of Tax Devolution to State Governments

Government to set up 16th Finance Commission in 2023 to suggest tax devolution

Union Govt. releases 14th instalment of Tax Devolution to State Govt. amounting to Rs.1,40,318 crore

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