Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        News and Press Release

        Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures

        January 10, 2025

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        The Union Government has released tax devolution of ₹1,73,030 crore to State Governments today, as against the devolution of ₹89,086 crore in December 2024.

        A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures.

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

        Sl. No

        Name of State

        Total (₹ Crore)

        1

        ANDHRA PRADESH

        7002.52

        2

        ARUNACHAL PRADESH

        3040.14

        3

        ASSAM

        5412.38

        4

        BIHAR

        17403.36

        5

        CHHATTISGARH

        5895.13

        6

        GOA

        667.91

        7

        GUJARAT

        6017.99

        8

        HARYANA

        1891.22

        9

        HIMACHAL PRADESH

        1436.16

        10

        JHARKHAND

        5722.10

        11

        KARNATAKA

        6310.40

        12

        KERALA

        3330.83

        13

        MADHYA PRADESH

        13582.86

        14

        MAHARASHTRA

        10930.31

        15

        MANIPUR

        1238.90

        16

        MEGHALAYA

        1327.13

        17

        MIZORAM

        865.15

        18

        NAGALAND

        984.54

        19

        ODISHA

        7834.80

        20

        PUNJAB

        3126.65

        21

        RAJASTHAN

        10426.78

        22

        SIKKIM

        671.35

        23

        TAMIL NADU

        7057.89

        24

        TELANGANA

        3637.09

        25

        TRIPURA

        1225.04

        26

        UTTAR PRADESH

        31039.84

        27

        UTTARAKHAND

        1934.47

        28

        WEST BENGAL

        13017.06

        State-wise distribution of Net Proceeds of Union Taxes and Duties for January, 2025

        Tax devolution to states increased to accelerate capital spending and finance development and welfare expenditures. Union Government released tax devolution from the Net Proceeds of Union Taxes and Duties to State Governments for January 2025 to enable accelerated capital spending and to finance development and welfare-related expenditures. The release is larger than the previous month and is accompanied by a state-wise distribution itemising allocations to each state as fiscal transfers for capital and welfare spending.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Tax devolution to states increased to accelerate capital spending and finance development and welfare expenditures.

                                Union Government released tax devolution from the Net Proceeds of Union Taxes and Duties to State Governments for January 2025 to enable accelerated capital spending and to finance development and welfare-related expenditures. The release is larger than the previous month and is accompanied by a state-wise distribution itemising allocations to each state as fiscal transfers for capital and welfare spending.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found