Centre releases Two Instalments of tax devolution to State Governments amounting to Rs 1,16,665.75 cr as against normal monthly devolution of Rs. 58,332.86  cr

Centre - tax devolution - State Governments - taxscan

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:

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

Sl. NoName of StateTotal (Rs. Crore)
1Andhra Pradesh4,721.44
2Arunachal Pradesh2,049.82
3Assam3,649.30
4Bihar11,734.22
5Chhattisgarh3,974.82
6Goa450.32
7Gujarat4,057.64
8Haryana1,275.14
9Himachal Pradesh968.32
10Jharkhand3,858.12
11Karnataka4,254.82
12Kerala2,245.84
13Madhya Pradesh9,158.24
14Maharashtra7,369.76
15Manipur835.34
16Meghalaya894.84
17Mizoram583.34
18Nagaland663.82
19Odisha5,282.62
20Punjab2,108.16
21Rajasthan7,030.28
22Sikkim452.68
23Tamil Nadu4,758.78
24Telangana2,452.32
25Tripura826
26Uttar Pradesh20,928.62
27Uttarakhand1,304.36
28West Bengal8,776.76
 Total1,16,665.72

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