Union Government authorises release of Tax Devolution of Rs.72,961.21 crore to all State Governments for Nov 2023:
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.
Tax Devolution of Rs.72,961.21 crore to all State Governments
Reetu
Nov 7, 2023Union Government authorises release of Tax Devolution of Rs.72,961.21 crore to all State Governments for Nov 2023
In light of the upcoming festive season, the Union Government has allowed the transfer of 72,961.21 crore in tax devolution to state governments on November 7, 2023, rather than the regular date of November 10.
This will enable the State Governments to make in-time releases and add to the festivities and celebrations among the people.
State-wise breakup of amounts released is given in the following table:
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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.
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