Union Government releases tax devolution of Rs.1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditure https://www.taxtmi.com/news?id=74099 Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds. en-us Mon, 03 Aug 2026 11:39:50 +0530 Mon, 03 Aug 2026 11:39:49 +0530 TaxTMI RSS Generator Union Government releases tax devolution of Rs.1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditure https://www.taxtmi.com/news?id=74099 Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds. News - Mon, 03 Aug 2026 11:39:50 +0530 https://www.taxtmi.com/news?id=74099