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The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665.75 crore on 10th August, 2022, as against normal monthly devolution of Rs..58,332.86 crore.
This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure.
State-wise breakup of amounts released is given below in the table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for August 2022
Sl. No | Name of State | Total (Rs. Crore) |
1 | Andhra Pradesh | 4,721.44 |
2 | Arunachal Pradesh | 2,049.82 |
3 | Assam | 3,649.30 |
4 | Bihar | 11,734.22 |
5 | Chhattisgarh | 3,974.82 |
6 | Goa | 450.32 |
7 | Gujarat | 4,057.64 |
8 | Haryana | 1,275.14 |
9 | Himachal Pradesh | 968.32 |
10 | Jharkhand | 3,858.12 |
11 | Karnataka | 4,254.82 |
12 | Kerala | 2,245.84 |
13 | Madhya Pradesh | 9,158.24 |
14 | Maharashtra | 7,369.76 |
15 | Manipur | 835.34 |
16 | Meghalaya | 894.84 |
17 | Mizoram | 583.34 |
18 | Nagaland | 663.82 |
19 | Odisha | 5,282.62 |
20 | Punjab | 2,108.16 |
21 | Rajasthan | 7,030.28 |
22 | Sikkim | 452.68 |
23 | Tamil Nadu | 4,758.78 |
24 | Telangana | 2,452.32 |
25 | Tripura | 826 |
26 | Uttar Pradesh | 20,928.62 |
27 | Uttarakhand | 1,304.36 |
28 | West Bengal | 8,776.76 |
| Total | 1,16,665.72 |
Tax devolution bolstered: central government released additional instalments to strengthen states' capacity for capital and developmental expenditure. The central government released two instalments of tax devolution, exceeding the normal monthly devolution, to strengthen States' capacity to accelerate capital and developmental expenditure. The press release provides a state-wise breakdown of net proceeds of Union taxes and duties for the month, itemising allocations to each State as an administrative record of intergovernmental fiscal transfers.
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