Centre releases two installments of tax devolution to states

Last updated: 11 August 2022

Quick Summary
The Union Government has disbursed two instalments of tax devolution funds to State Governments, totalling an impressive Rs 1,16,665.75 crore. This amount is double the usual monthly devolution, which stands at Rs 58,332.86 crore. The release, made on 10th August 2022, aims to support states in accelerating their capital and developmental spending.

Government releases two instalments of tax devolution to State Governments amounting to Rs 1,16,665.75 crore as against normal monthly devolution of Rs. 58,332.86 crore

The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665.75  crore on 10th August, 2022, as against normal monthly devolution of Rs..58,332.86  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.

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

Tax Devolution Funds Released to States

State-wise distribution of Net Proceeds of Union Taxes and Duties for August 2022

Sl. No

Name of State

Total (Rs. Crore)

1

Andhra Pradesh

4,721.44

2

Arunachal Pradesh

2,049.82

3

Assam

3,649.30

4

Bihar

11,734.22

5

Chhattisgarh

3,974.82

6

Goa

450.32

7

Gujarat

4,057.64

8

Haryana

1,275.14

9

Himachal Pradesh

968.32

10

Jharkhand

3,858.12

11

Karnataka

4,254.82

12

Kerala

2,245.84

13

Madhya Pradesh

9,158.24

14

Maharashtra

7,369.76

15

Manipur

835.34

16

Meghalaya

894.84

17

Mizoram

583.34

18

Nagaland

663.82

19

Odisha

5,282.62

20

Punjab

2,108.16

21

Rajasthan

7,030.28

22

Sikkim

452.68

23

Tamil Nadu

4,758.78

24

Telangana

2,452.32

25

Tripura

826

26

Uttar Pradesh

20,928.62

27

Uttarakhand

1,304.36

28

West Bengal

8,776.76

Total

1,16,665.72

FAQ :

The Union Government has released a total of Rs 1,16,665.75 crore in two instalments of tax devolution to State Governments.

The funds were released on 10th August 2022.

No, this release is double the normal monthly devolution, which is Rs 58,332.86 crore. Two instalments were released.

The release is in line with the Government of India's commitment to strengthen the hands of States to accelerate their capital and developmental expenditure.

Uttar Pradesh received the highest amount, totalling Rs 20,928.62 crore.

Goa received the lowest amount, totalling Rs 450.32 crore.



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