New Delhi: The Union government has released the regular instalment of tax devolution amounting to Rs 1,09,019 crore to states, ahead of the normal release date on November 10 in view of the festive season and Diwali.
According to the state-wise breakup of money released by the Centre, Odisha received an amount of Rs 4,819 crore as tax devolution which has come as a festive boost.
“In view of upcoming festive season and to enable states to accelerate capital spending and finance their development/welfare related expenditure, the Union Government released regular tax devolution of Rs 1,09,019 crore to State Governments in advance,” the Finance Ministry said in a statement on Thursday.
Uttar Pradesh, the most populous state, received Rs 19,208 crore, while Bihar received Rs 10,845 crore, Madhya Pradesh Rs 8,010 crore, West Bengal Rs 7,866 crore, Maharashtra Rs 7,022 crore, and Rajasthan Rs 6,460 crore.
@FinMinIndia @nsitharamanoffc @mppchaudhary @PMOIndia @DDNewslive @airnewsalerts @PIB_India @MIB_India @CBC_MIB @mygovindia 1 day late = ₹5,000 fine, collected instantly ⚡
States get ₹1.09 lakh cr in advance for festivals 🎆
refund = “wait till 31.12.2027” 🐢
Grievance portal = copy-paste reply 🤖
@IncomeTaxIndia at this speed, even your pants will retire before my refund arrives 👖😂 https://t.co/LRwh4nJx7l— EPIGENESIS (@epigenesisedu) November 5, 2026
Last week, the Union Government released an additional instalment of tax devolution worth Rs 1,09,019 crore to state governments, which is in addition to the regular monthly devolution.
The release of the additional instalment of tax devolution was in view of the upcoming festive season and to enable states to accelerate capital spending and finance their development/welfare related expenditure, according to the Finance Ministry.
In August, the Centre had released an additional instalment of tax devolution worth Rs 1,09,019 crore to state governments, which was in addition to the normal monthly devolution.
