Quick Summary
Centre releases two installments of tax devolution to State Governments amounting to Rs. 95,082 crore as against normal monthly devolution of Rs. 47,541 crore Rs. 95,082 crore of Tax devolution to strengthen fiscal space of States As promised by Union Minister for Finance Corporate Affairs Sm
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Centre has released two instalments of tax devolution amounting to £95,082 crore to State Governments.
No, this amount of £95,082 crore is double the normal monthly devolution, which is typically £47,541 crore.
The release is intended to strengthen the fiscal space of the states and step up investment, infrastructure, and growth.
The tax devolution instalments were released on 22nd November 2021.
Uttar Pradesh received the largest amount, with £17,056.66 crore.
Goa received the smallest amount, with £367.02 crore.
CAclubindia
