<h1>16th Finance Commission submits 2026-31 report recommending states' tax share, grants, and disaster financing under Article 280</h1> The 16th Finance Commission, led by its chair, submitted its 2026-31 report to the President and presented copies to the Prime Minister and Union Finance Minister; the report will be tabled in Parliament in the upcoming Winter Session and published thereafter. Acting under its terms of reference, the Commission recommends the states' share of the divisible tax pool for five years from 2026-27, addresses grants-in-aid and disaster financing, and bases its findings on consultations with central, state and local governments and experts. The Commission is a constitutional body tasked with advising on Centre-state fiscal relations.