Centre releases ₹72,961.21 crore as additional installment of Tax Devolution to States
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 |