National News

Tax devolution to states 2025

January 14 , 2025 620 days 1312 0

The Centre released tax devolution of ₹1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities.
It was ₹89,086 crore in December 2024.
Currently, 41% of taxes collected by the Centre is devolved in instalments among states during a fiscal year.
Uttar Pradesh received the highest allocation of ₹31,039.84 crore, followed by Bihar with ₹17,403.36 crore and West Bengal with ₹13,017.06 crore.