Gov Releases Rs 72,961.21 Crore Tax Devolution in Record Time

Last updated: 09 November 2023

Quick Summary
The Union Government has authorised the early release of £72,961.21 crore in tax devolution to all State Governments for November 2023. This payment was made on 7th November, three days ahead of the usual 10th November deadline. The early release aims to help State Governments make timely payments and enhance the festive spirit during the upcoming holiday season.

Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November

Early release enables State Governments to make in-time releases during festival season

In view of the upcoming festive season, the Union Government has authorised the release of tax devolution of ₹ 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November.

This will enable the State Governments to make in-time releases and add to the festivities and celebrations among the people. State-wise breakup of amounts released is given in the following table:

Govt Releases £72,961 Crore Tax Devolution Early

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

Sl. No

Name of State

Total (₹ Crore)

1

ANDHRA PRADESH

2952.74

2

ARUNACHAL PRADESH

1281.93

3

ASSAM

2282.24

4

BIHAR

7338.44

5

CHHATTISGARH

2485.79

6

GOA

281.63

7

GUJARAT

2537.59

8

HARYANA

797.47

9

HIMACHAL PRADESH

605.57

10

JHARKHAND

2412.83

11

KARNATAKA

2660.88

12

KERALA

1404.50

13

MADHYA PRADESH

5727.44

14

MAHARASHTRA

4608.96

15

MANIPUR

522.41

16

MEGHALAYA

559.61

17

MIZORAM

364.80

18

NAGALAND

415.15

19

ODISHA

3303.69

20

PUNJAB

1318.40

21

RAJASTHAN

4396.64

22

SIKKIM

283.10

23

TAMIL NADU

2976.10

24

TELANGANA

1533.64

25

TRIPURA

516.56

26

UTTAR PRADESH

13088.51

27

UTTARAKHAND

815.71

28

WEST BENGAL

5488.88

Grand Total

72961.21

FAQ :

The government has released £72,961.21 crore in tax devolution.

The tax devolution was released on 7th November 2023.

The early release was made to enable State Governments to make in-time releases and add to the festivities and celebrations during the upcoming festive season.

The total tax devolution for November 2023 is £72,961.21 crore.

Uttar Pradesh received the highest amount with £13,088.51 crore.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. MSME Development (Amendment) Bill, 2026 Passed by Parliament
  2. Direct Tax Collections Jump 23% to Rs 8.11 Lakh Crore as on 10th Aug 2026
  3. CBDT Approves Sir Ganga Ram Trust Society for Scientific Research Tax Benefits Under IT Act, 2025
  4. No UPI Charges for Consumers: Government Clears Air on Merchant Fee Rumours
  5. UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill
  6. ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27
  7. Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
  8. Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure
  9. ICAI Publishes 77th Annual Report and Accounts of the Institute for the year 2025-26
  10. RBI Keeps Repo Rate Unchanged at 5.25%

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member ARUN KUMARARUN KUMARPro Member Sunder SadaniSunder SadaniPro Member Dhairya SanghviDhairya SanghviPro Member Bijoy MPouloseBijoy MPoulosePro Member CA MAHESH MAHATOCA MAHESH MAHATO
Subscribe to Pro
Join an elite circle of professionals


Browse by Category