India - October 11, 2024

Union Government releases tax devolution of ₹1,78,173 crore to State

Team Maverick October 11, 2024

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Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024

Advance instalment released in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure

The Union Government has released tax devolution of ₹ 1,78,173 crore to State Governments on 10^th October, 2024, as against the normal monthly devolution of ₹89,086.50 crore. It includes one advance instalment, in addition to the regular instalment due in October, 2024.

This release is in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/ welfare related expenditure.

State-wise breakup of amounts released is given below in the table:

State-wise distribution of Net Proceeds of Union Taxes and Duties for October, 2024

Sl. No	Name of State	Total (₹ Crore)
1	ANDHRA PRADESH	7,211
2	ARUNACHAL PRADESH	3,131
3	ASSAM	5,573
4	BIHAR	17,921
5	CHHATTISGARH	6,070
6	GOA	688
7	GUJARAT	6,197
8	HARYANA	1,947
9	HIMACHAL PRADESH	1,479
10	JHARKHAND	5,892
11	KARNATAKA	6,498
12	KERALA	3,430
13	MADHYA PRADESH	13,987
14	MAHARASHTRA	11,255
15	MANIPUR	1,276
16	MEGHALAYA	1,367
17	MIZORAM	891
18	NAGALAND	1,014
19	ODISHA	8,068
20	PUNJAB	3,220
21	RAJASTHAN	10,737
22	SIKKIM	691
23	TAMIL NADU	7,268
24	TELANGANA	3,745
25	TRIPURA	1,261
26	UTTAR PRADESH	31,962
27	UTTARAKHAND	1,992
28	WEST BENGAL	13,404