Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States

New Delhi, Jun 11, 2024 : It has been decided that apart from the regular release of the devolution amount for the month

of June 2024, one additional instalment will be released.  This release cumulatively

amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments

to accelerate development and capital spending.

The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of

taxes to States.

With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is

Rs. 2,79,500 crore.