Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures
The Union Government has released tax devolution of ₹1,73,030 crore to State Governments today, as against the devolution of ₹89,086 crore in December 2024.
A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures.
State-wise breakup of amount released is given below in the table:
|
Sl. No |
Name of State |
Total (₹ Crore) |
|
1 |
ANDHRA PRADESH |
7002.52 |
|
2 |
ARUNACHAL PRADESH |
3040.14 |
|
3 |
ASSAM |
5412.38 |
|
4 |
BIHAR |
17403.36 |
|
5 |
CHHATTISGARH |
5895.13 |
|
6 |
GOA |
667.91 |
|
7 |
GUJARAT |
6017.99 |
|
8 |
HARYANA |
1891.22 |
|
9 |
HIMACHAL PRADESH |
1436.16 |
|
10 |
JHARKHAND |
5722.10 |
|
11 |
KARNATAKA |
6310.40 |
|
12 |
KERALA |
3330.83 |
|
13 |
MADHYA PRADESH |
13582.86 |
|
14 |
MAHARASHTRA |
10930.31 |
|
15 |
MANIPUR |
1238.90 |
|
16 |
MEGHALAYA |
1327.13 |
|
17 |
MIZORAM |
865.15 |
|
18 |
NAGALAND |
984.54 |
|
19 |
ODISHA |
7834.80 |
|
20 |
PUNJAB |
3126.65 |
|
21 |
RAJASTHAN |
10426.78 |
|
22 |
SIKKIM |
671.35 |
|
23 |
TAMIL NADU |
7057.89 |
|
24 |
TELANGANA |
3637.09 |
|
25 |
TRIPURA |
1225.04 |
|
26 |
UTTAR PRADESH |
31039.84 |
|
27 |
UTTARAKHAND |
1934.47 |
|
28 |
WEST BENGAL |
13017.06 |
State-wise distribution of Net Proceeds of Union Taxes and Duties for January, 2025
CAclubindia
