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Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024 Advance instalment released in view of upcoming festive season and to enable States to accelerate capital s
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FAQ :
The Union Government has released a total of £1,78,173 crore in tax devolution to state governments.
An advance instalment of £89,086.50 crore has been released, in addition to the regular October instalment.
The advance instalment was released in view of the upcoming festive season and to enable states to accelerate capital spending and finance their development and welfare expenditures.
The tax devolution was released on 10th October 2024.
Uttar Pradesh received the largest share, amounting to £31,962 crore.
Goa received the smallest share, amounting to £688 crore.
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