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News and Press Release

Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024

October 10, 2024

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Advance instalment released in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure

The Union Government has released tax devolution of ₹ 1,78,173 crore to State Governments on 10th October, 2024, as against the normal monthly devolution of ₹89,086.50 crore. It includes one advance instalment, in addition to the regular instalment due in October, 2024.

This release is in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/ welfare related 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 October, 2024

Sl. No

Name of State

Total (₹ Crore)

1

ANDHRA PRADESH

7,211

2

ARUNACHAL PRADESH

3,131

3

ASSAM

5,573

4

BIHAR

17,921

5

CHHATTISGARH

6,070

6

GOA

688

7

GUJARAT

6,197

8

HARYANA

1,947

9

HIMACHAL PRADESH

1,479

10

JHARKHAND

5,892

11

KARNATAKA

6,498

12

KERALA

3,430

13

MADHYA PRADESH

13,987

14

MAHARASHTRA

11,255

15

MANIPUR

1,276

16

MEGHALAYA

1,367

17

MIZORAM

891

18

NAGALAND

1,014

19

ODISHA

8,068

20

PUNJAB

3,220

21

RAJASTHAN

10,737

22

SIKKIM

691

23

TAMIL NADU

7,268

24

TELANGANA

3,745

25

TRIPURA

1,261

26

UTTAR PRADESH

31,962

27

UTTARAKHAND

1,992

28

WEST BENGAL

13,404

 

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Acts Income Tax
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