Centre releases Rs 1.40 lakh crore tax devolution amount to states

Last updated: 11 March 2023

Quick Summary
The Union Government has disbursed the 14th instalment of tax devolution, totalling ₹1,40,318 crore, to State Governments. This significant release, double the usual monthly amount, is intended to empower states to accelerate their capital and developmental expenditure. The funds are distributed among all states, with a breakdown provided for each.

Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure

The Union Government has released 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore today, as against normal monthly devolution of ₹70,159 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.

Rs 1.40 Lakh Crore Tax Devolution Released to States

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

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

Sl. No

Name of State

Total (Rs. Crore)

1

ANDHRA PRADESH

5474

2

ARUNACHAL PRADESH

2491

3

ASSAM

4417

4

BIHAR

14232

5

CHHATTISGARH

4827

6

GOA

546

7

GUJARAT

4929

8

HARYANA

1546

9

HIMACHAL PRADESH

1177

10

JHARKHAND

4681

11

KARNATAKA

5125

12

KERALA

2705

13

MADHYA PRADESH

11108

14

MAHARASHTRA

8954

15

MANIPUR

1009

16

MEGHALAYA

1088

17

MIZORAM

705

18

NAGALAND

802

19

ODISHA

6399

20

PUNJAB

2561

21

RAJASTHAN

8535

22

SIKKIM

545

23

TAMIL NADU

5769

24

TELANGANA

2682

25

TRIPURA

1003

26

UTTAR PRADESH

24783

27

UTTARAKHAND

1583

28

WEST BENGAL

10642

Grand Total

140318

FAQ :

The Union Government has released a total of ₹1,40,318 crore as the 14th instalment of tax devolution.

The release is aimed at strengthening the hands of State Governments to accelerate their capital and developmental expenditure.

No, this release of ₹1,40,318 crore is double the normal monthly devolution amount, which is typically ₹70,159 crore.

All State Governments received funds as part of this tax devolution. A state-wise breakup of the amounts released is available.

Uttar Pradesh received the largest share, amounting to ₹24,783 crore.

Sikkim received the smallest share, amounting to ₹545 crore.



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