Centre Releases Rs 1,39,750 Cr Installment Of Tax Devolution To States
The Interim Budget 2024-25 has a provision of Rs 12,19,783 crore towards devolution of taxes to States
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The Ministry of Finance said in a statement that apart from the regular release of the devolution amount for June 2024, one additional instalment will be released. This release cumulatively amounts to Rs 1,39,750 crore in the current month which 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.
