Ministry of Finance

Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States


With today's release, total Rs. 2,79,500 crore devolved to States for FY2024-25 till 10th June 2024

Posted On: 10 JUN 2024 9:19PM by PIB Delhi

It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released.  This release cumulatively amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending.

The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of taxes to States.

With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is Rs. 2,79,500 crore.

State-wise releases are shown below:

Sl.No.

State

Tax Devolved on 10th June, 2024

1

Andhra Pradesh

5655.72

2

Arunachal Pradesh

2455.44

3

Assam

4371.38

4

Bihar

14056.12

5

Chhattisgarh

4761.30

6

Goa

539.42

7

Gujarat

4860.56

8

Haryana

1527.48

9

Himachal

1159.92

10

Jharkhand

4621.58

11

Karnataka

5096.72

12

Kerala

2690.20

13

Madhya Pradesh

10970.44

14

Maharashtra

8828.08

15

Manipur

1000.60

16

Meghalaya

1071.90

17

Mizoram

698.78

18

Nagaland

795.20

19

Odisha

6327.92

20

Punjab

2525.32

21

Rajasthan

8421.38

22

Sikkim

542.22

23

Tamil Nadu

5700.44

24

Telangana

2937.58

25

Tripura

989.44

26

Uttar Pradesh

25069.88

27

Uttarakhand

1562.44

28

West Bengal

10513.46

 

TOTAL

139750.92

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NB/KMN



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