June 15, 2024
FOLLOW US >
June 15, 2024
Astrology Bollywood Box Office Features Business Economy Education Entertainment Features & Specials Health Hindi Hollywood India Latest News Lifestyle Lyrics Movie reviews Music reviews Random Release Dates
Astrology Bollywood Box Office Features Business Economy Education Entertainment Features & Specials Health Hindi Hollywood India Latest News Lifestyle Lyrics Movie reviews Music reviews Random Release Dates

Blog

Centre Authorises Release Of Rs 1.39 Lakh Crore Tax Devolution To States For June



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

New Delhi:

The Centre on Monday authorised the release of tax devolution of Rs 1,39,750 crore to states for June.

It was decided that apart from the regular release of the devolution amount for June 2024, one additional instalment will be released, the Finance Ministry said in a statement.

“This cumulatively amounts to Rs 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending,” it added.

Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year.

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

With this release, the total amount devolved (for FY 2024-25) to states till June 10, 2024, is Rs 2,79,500 crore, it added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

X does not return 200
Set your categories menu in Header builder -> Mobile -> Mobile menu element -> Show/Hide -> Choose menu
Start typing to see posts you are looking for.