Centre releases tax devolution of ₹1,73,030 cr, Odisha gets ₹7834.80 cr

Prameyanews English

Published By : Chinmaya Dehury | January 10, 2025 3:18 PM

Tax

New Delhi, Jan 10: The Union government has released tax devolution of ₹1,73,030 crore to state governments today, as against the devolution of ₹89,086 crore in December 2024.

A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures.

Odisha has received ₹7834.80 crore. Uttar Pradesh got the highest amount of ₹31,039.84 crore, followed by ₹17,403.36 crore to Bihar and ₹13017.06 crore to West Bengal.

Tax devolution refers to the distribution of tax revenues between the central government and the state governments.

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