Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States
Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States
It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This release cumulatively amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending.
The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of taxes to States.
With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is Rs. 2,79,500 crore.
State-wise releases are shown below:
Sl.No.
State
Tax Devolved on 10th June, 2024
1
Andhra Pradesh
5655.72
2
Arunachal Pradesh
2455.44
3
Assam
4371.38
4
Bihar
14056.12
5
Chhattisgarh
4761.30
6
Goa
539.42
7
Gujarat
4860.56
8
Haryana
1527.48
9
Himachal
1159.92
10
Jharkhand
4621.58
11
Karnataka
5096.72
12
Kerala
2690.20
13
Madhya Pradesh
10970.44
14
Maharashtra
8828.08
15
Manipur
1000.60
16
Meghalaya
1071.90
17
Mizoram
698.78
18
Nagaland
795.20
19
Odisha
6327.92
20
Punjab
2525.32
21
Rajasthan
8421.38
22
Sikkim
542.22
23
Tamil Nadu
5700.44
24
Telangana
2937.58
25
Tripura
989.44
26
Uttar Pradesh
25069.88
27
Uttarakhand
1562.44
28
West Bengal
10513.46
TOTAL
139750.92