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Business News | Centre s Tax Devolution to States Up by Rs 2 25 Lakh Crore in FY24

Get latest articles and stories on Business at LatestLY. A total amounting to Rs 10.3 lakh crore has been transferred to state governments as devolution of share of taxes by central government, which is Rs 2.25 lakh crore higher than it had done the previous year, the Ministry of Finance said in a release on Thursday. Business News | Centre's Tax Devolution to States Up by Rs 2.25 Lakh Crore in FY24.

Centre s transfer of tax revenue to states up by over Rs 2 25 lakh crore in 2023-24

The Centre has transferred Rs 10,33,433 crore to State Governments as devolution of share of taxes during the 11 months of the current financial year up to February 2024 which is Rs 2,25,345 crore higher than the previous year, according to .

Centre s Transfer Of Tax Revenue To States Up By Over INR 2 25 Lakh Crore In 2023-24

According to the monthly review of accounts, the Government of India has received INR 22,45,922 crore (81.5 per cent of corresponding RE (revised estimate)

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