Tag: tax devolution

Additional instalment of tax devolution to be released to States on June 2: Finance Ministry

Additional instalment of tax devolution to be released to States on June 2: Finance Ministry

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Representational image | Photo Credit: Getty Images/iStockphoto The government on Friday (May 30, 2025) approved an additional instalment of ₹81,735 crore as tax devolution to States, which will be released on June 2. This release is in addition to the regular monthly instalment of tax devolution of ₹81,735 crore, which will be released on June […]

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Centre releases ₹1.40 lakh crore tax devolution amount to States

Centre releases ₹1.40 lakh crore tax devolution amount to States

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Union Finance Minister Nirmala Sitharaman. | Photo Credit: ANI The government on March 11 released the 14th instalment of tax devolution of more than ₹1.40 lakh crore to States. “The Union Government has released the 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore today, as against normal monthly devolution of ₹70,159 […]

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