In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of Rs.1,01,603 crore to State Governments, as one advance instalment of tax devolution https://www.taxtmi.com/news?id=57662 Union Government released an additional tax devolution of Rs.1,01,603 crore as one advance instalment to State Governments on 1 October 2025 to enable accelerated capital spending and finance development and welfare-related expenditure; the release is supplementary to the normal monthly devolution and is accompanied by a state-wise breakup of amounts disbursed. en-us Fri, 03 Oct 2025 09:45:48 +0530 Fri, 03 Oct 2025 09:45:47 +0530 TaxTMI RSS Generator In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of Rs.1,01,603 crore to State Governments, as one advance instalment of tax devolution https://www.taxtmi.com/news?id=57662 Union Government released an additional tax devolution of Rs.1,01,603 crore as one advance instalment to State Governments on 1 October 2025 to enable accelerated capital spending and finance development and welfare-related expenditure; the release is supplementary to the normal monthly devolution and is accompanied by a state-wise breakup of amounts disbursed. News - Fri, 03 Oct 2025 09:45:48 +0530 https://www.taxtmi.com/news?id=57662