Quick Summary
With todays release, total Rs. 2,79,500 crore devolved to States for FY 2024-25 till 10th June 2024 It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This release cumulatively amounts to Rs. 1,3
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FAQ :
An additional instalment of Rs 1.39 lakh crore has been released to states, bringing the total devolved amount for FY 2024-25 up to 10th June 2024 to Rs 2.79 lakh crore.
An additional instalment has been released to enable state governments to accelerate development and capital spending.
The Interim Budget 2024-25 has a provision of Rs 12,19,783 crore towards the devolution of taxes to states.
Uttar Pradesh received the largest tax devolution amount of Rs 25,069.88 crore on 10th June 2024.
Goa received the smallest tax devolution amount of Rs 539.42 crore on 10th June 2024.
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