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

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

 

Tax devolution instalment increases central fiscal transfers to States to accelerate development and capital spending. An additional tax devolution instalment was released in June 2024, supplementing the regular monthly devolution to States for FY2024-25 to accelerate development and capital spending. The release is made pursuant to the Interim Budget provision for devolution and is distributed on a state-wise basis, with the press release disclosing individual state allocations and the cumulative amount devolved to States up to 10 June 2024.