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
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
The Union Government has released tax devolution of ₹ 1,78,173 crore to State Governments on 10th October, 2024, as against the normal monthly devolution of ₹89,086.50 crore. It includes one advance instalment, in addition to the regular instalment due in October, 2024.
This release is in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/ welfare related expenditure.
State-wise breakup of amounts released is given below in the table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for October, 2024
Sl. No
Name of State
Total (₹ Crore)
1
ANDHRA PRADESH
7,211
2
ARUNACHAL PRADESH
3,131
3
ASSAM
5,573
4
BIHAR
17,921
5
CHHATTISGARH
6,070
6
GOA
688
7
GUJARAT
6,197
8
HARYANA
1,947
9
HIMACHAL PRADESH
1,479
10
JHARKHAND
5,892
11
KARNATAKA
6,498
12
KERALA
3,430
13
MADHYA PRADESH
13,987
14
MAHARASHTRA
11,255
15
MANIPUR
1,276
16
MEGHALAYA
1,367
17
MIZORAM
891
18
NAGALAND
1,014
19
ODISHA
8,068
20
PUNJAB
3,220
21
RAJASTHAN
10,737
22
SIKKIM
691
23
TAMIL NADU
7,268
24
TELANGANA
3,745
25
TRIPURA
1,261
26
UTTAR PRADESH
31,962
27
UTTARAKHAND
1,992
28
WEST BENGAL
13,404