Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to states
This is in addition to the regular monthly devolution and the second additional instalment this financial year
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Published - October 31, 2026 10:06 pm IST - New Delhi
Finance Minister Nirmala Sitharaman.
File | Photo Credit: Vengadesh R.
The Centre on Saturday (October 31, 2026) released an additional instalment of tax devolution to state governments totalling over ₹1.09 lakh crore.
This is in addition to the regular monthly devolution and the second additional instalment this financial year.
The Union government released tax devolution of ₹1,09,019 crore to state governments, the Finance Ministry said in a statement.
"This release is in view of the upcoming festive season and to enable states to accelerate capital spending, and also to finance their development/welfare related expenditure," the Ministry said.
Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year.
Business Matters / economy, business and finance / taxes and duties
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