TaxTMI 
TaxTMI 
Taxes levied and distributed between the Union and the States
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....spectively, surcharge on taxes and duties referred to in article 271 and any cess levied for specific purposes under any law made by Parliament shall be levied and collected by the Government of India and shall be distributed between the Union and the States in the manner provided in clause (2). ^6[(1A) The tax collected by the Union under clause (1) of article 246A shall also be distributed be....
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....anner provided in clause (3). (3) In this article, "prescribed" means,- (i) until a Finance Commission has been constituted, prescribed by the President by order, and (ii) after a Finance Commission has been constituted, prescribed by the President by order after considering the recommendations of the Finance Commission.] ********************** NOTES:....
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....all be levied and collected by the Government of India and distributed between the Union and the States in the manner provided in clause (2). (2) Such percentage, as may be prescribed, of the net proceeds in any financial year of any such tax, except in so far as those proceeds represent proceeds attributable to ^1[Union Territories] or to taxes payable in respect of Union emoluments, sha....
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....i) after a Finance Commission has been constituted, prescribed by the President by order after considering the recommendations of the Finance Commission; (c) "Union emoluments" includes all emoluments and pensions payable out of the Consolidated Fund of India in respect of which income tax is chargeable." 4. Substituted vide Article 3 of the Constitution (88th Amendment) Act, 200....