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Home News News and Press Release Month 12 2023 2023 (12) This

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Centre releases ₹72,961.21 crore as additional installment of Tax Devolution to States
22-12-2023
  • Contents

Installment released today is in addition to tax devolution due to States on 10 January 2024 and the installment of ₹72,961.21 crore already released on 11 December 2023

In view of the forthcoming festivities and the New Year, the Union Government has authorised the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes.

This installment is in addition to the tax devolution installment due to States on 10 January 2024 and the installment of ₹72,961.21 crore already released on 11 December 2023.

The State-wise break up of amounts released is given below:

Sl.No.

State

Amount (₹ in 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
 

TOTAL 

72961.21

 
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