https://www.taxtmi.com/news?id=69374 The 16th Finance Commission report for 2026-2031, laid in the Lok Sabha, sets the tax revenue devolution formula between Centre and states and confirms that cesses and surcharge levied by the Centre are excluded from the divisible pool; the Commission, constituted on December 31, 2023 and led by Arvind Panagariya, submitted its report to the President on November 17, 2025. en-us Sun, 01 Feb 2026 11:16:04 +0530 Sun, 01 Feb 2026 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69374 The 16th Finance Commission report for 2026-2031, laid in the Lok Sabha, sets the tax revenue devolution formula between Centre and states and confirms that cesses and surcharge levied by the Centre are excluded from the divisible pool; the Commission, constituted on December 31, 2023 and led by Arvind Panagariya, submitted its report to the President on November 17, 2025. News - Sun, 01 Feb 2026 11:16:04 +0530 https://www.taxtmi.com/news?id=69374