With this release, States have received three installments of tax devolution in February 2024

The Union Government has authorised the release of two installments of tax devolution amounting to Rs. 1.42 lakh crore today to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes.

This release is in addition to the tax devolution of an instalment of Rs. 71,061 crore already made on 12 February 2024. With this release, States have received total of three installments of tax devolution in February 2024.

State-wise breakup of amounts released is given below in the table:

Sl. No	Name of State	Total (₹Crore)
1	Andhra Pradesh	5752
2	Arunachal Pradesh	2497
3	Assam	4446
4	Bihar	14295
5	Chhattisgarh	4842
6	Goa	549
7	Gujarat	4943
8	Haryana	1553
9	Himachal Pradesh	1180
10	Jharkhand	4700
11	Karnataka	5183
12	Kerala	2736
13	Madhya Pradesh	11157
14	Maharashtra	8978
15	Manipur	1018
16	Meghalaya	1090
17	Mizoram	711
18	Nagaland	809
19	Odisha	6435
20	Punjab	2568
21	Rajasthan	8564
22	Sikkim	551
23	Tamil Nadu	5797
24	Telangana	2987
25	Tripura	1006
26	Uttar Pradesh	25495
27	Uttarakhand	1589
28	West Bengal	10692
	Grand Total	142122

 

 

Tax devolution boosts state financing for social welfare and infrastructure after additional instalments were released. Union Government authorised an additional release of tax devolution to State Governments to strengthen their capacity to finance social welfare measures and infrastructure development schemes, making two instalments in February 2024 in addition to an earlier instalment, with a state-wise break-up of amounts and an aggregate federal disbursement provided to inform allocations for recipient States.