16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031

16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 https://www.taxtmi.com/news?id=69432 The Commission recommends retaining the vertical share of devolution of Central taxes to states at 41 percent for five years from April 1, 2026, excluding cesses and surcharges from the divisible pool. The Centre has accepted the recommendation and the report was tabled. The Commission recommends Finance Commission Grants of Rs 1.4 lakh crore for FY 2026-27, including Rural and Urban Local Body and Disaster Management Grants. en-us Sun, 01 Feb 2026 14:16:04 +0530 Sun, 01 Feb 2026 14:16:04 +0530 TaxTMI RSS Generator 16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 https://www.taxtmi.com/news?id=69432 The Commission recommends retaining the vertical share of devolution of Central taxes to states at 41 percent for five years from April 1, 2026, excluding cesses and surcharges from the divisible pool. The Centre has accepted the recommendation and the report was tabled. The Commission recommends Finance Commission Grants of Rs 1.4 lakh crore for FY 2026-27, including Rural and Urban Local Body and Disaster Management Grants. News - Sun, 01 Feb 2026 14:16:04 +0530 https://www.taxtmi.com/news?id=69432