<h1>The 13th Finance Commission set States' share of Central Taxes at 32% for 2010-2015; 14th Commission follows.</h1> The 13th Finance Commission set the States' share of net proceeds from Central Taxes at 32% for the period from April 1, 2010, to March 31, 2015. The devolution amounts for the financial years 2010-11, 2011-12, and 2012-13 were Rs 219,303 crore, Rs 255,414 crore, and Rs 291,547 crore, respectively. The Finance Commission, which determines this share, is reconstituted every five years. The 14th Finance Commission, established on January 2, 2013, will report by October 2014, covering the period from April 1, 2015, to March 31, 2020, as stated by the Minister of State for Finance in the Lok Sabha.