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

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.

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

Reetu | Jun 12, 2023 |

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

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

The 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.

States will receive one advance instalment in addition to the usual payment due in June 2023, allowing them to accelerate capital expenditures, fund development/welfare-related expenditure, and make resources available for priority projects/schemes.

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

State-wise distribution of Net Proceeds of Union Taxes and Duties for June 2023

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at contact@studycafe.in

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"



Author Bio
Reetu
Name: Reetu
Designation: Content Manager
Company: Studycafe
Location: Delhi, India
Total Posts: 8272

Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.

My Recent Articles
Ex-DRT Officials Sentenced to 5 Years Rigorous Imprisonment by Madras High Court along with Rs.27 Lakh Fine GSTN issued Advisory on Case Sensitivity in IRN Generation RBI to issue Notes of Rs.10 and Rs.500 bearing Signature of Guv Malhotra RBI sends ‘letter of displeasure’ to Bajaj Finance on Co-branded Credit Cards CBI targets errant Income Tax, GST Officials and CA for Misusing their PowersView All Posts
Studycafe-Courses
Chatgpt_and_AI_tools_ad_02[1]
Latest Post
NPS-corporate-model-1.jpgNPS Corporate Model: How It Works, Tax Benefits, and Exit Rules Explained
PNB-REDUCES-FD-INTEREST-RATES-FOR-SELECT-TENURES.jpgPNB Reduces FD Interest Rates for Select Tenures: Check Details
ITAT Permits Delay Due to Non-Receipt of Orders Sent to CA’s ContactNon-receipt of Orders Due to Email and Mobile Contact Details of CA Being Used Instead of Taxpayer: ITAT Condones Delay
Fake Invoicing: Income Tax Department sending notices to Reopen Old Tax CasesFake Invoicing: Income Tax Department sending notices to Reopen Old Tax Cases
ALLOTMENT DATE AND NOT REGISTRATION DATE DETERMINES CAPITAL GAINSAllotment Date and Not Registration Date Determines Capital Gains [Read Order]
Useful Links
Important links
Important links
DOwnload Study Cafe App
Write For Us
Studycafe Articles
Submit your Articles with us by Clicking Submit Article Button
Submit Article

you can also submit your articles by sending mail at contact@studycafe.in