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Centre releases installment of tax devolution of Rs 1,42,122 crore to States

By TIOL News Service

NEW DELHI, MAR 01, 2024: THE Union Government has authorised the release of two installments of tax devolution amounting to Rs. 1.42 lakh crore today to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes.

This release is in addition to the tax devolution of an instalment of Rs. 71,061 crore already made on 12 February 2024. With this release, States have received total of three installments of tax devolution in February 2024.

State-wise breakup of amounts released is given below in the table:

Sl. No

Name of State

Total (Rs Crore)

1

Andhra Pradesh

5752

2

Arunachal Pradesh

2497

3

Assam

4446

4

Bihar

14295

5

Chhattisgarh

4842

6

Goa

549

7

Gujarat

4943

8

Haryana

1553

9

Himachal Pradesh

1180

10

Jharkhand

4700

11

Karnataka

5183

12

Kerala

2736

13

Madhya Pradesh

11157

14

Maharashtra

8978

15

Manipur

1018

16

Meghalaya

1090

17

Mizoram

711

18

Nagaland

809

19

Odisha

6435

20

Punjab

2568

21

Rajasthan

8564

22

Sikkim

551

23

Tamil Nadu

5797

24

Telangana

2987

25

Tripura

1006

26

Uttar Pradesh

25495

27

Uttarakhand

1589

28

West Bengal

10692

 

Grand Total

142122


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