Income Tax Press Release - 2026, Tax Devolution Press Release

Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure

The Union Government has released additional instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 31st