Punjab gets Rs 3220 crore as one advance instalment including tax devolution released by Union Govt to state govt’s
Kanwar Inder Singh/ royalpatiala.in News/ October 10,2024
The Union Government has released tax devolution (Tax devolution is the distribution between the Union and states of the net proceeds of taxes) of Rs 1,78,173 crore to State Governments on 10th October, 2024, as against the normal monthly devolution of Rs. 89,086.50 crore. It includes one advance instalment, in addition to the regular instalment due in October, 2024.
This release is in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/ welfare related expenditure.
Punjab gets Rs 3220 crore as one advance instalment including tax devolution released by Union Govt to state govt’s. State-wise breakup of amounts released is given below in the table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for October, 2024
| Sl. No | Name of State | Total (₹ Crore) |
| 1 | ANDHRA PRADESH | 7,211 |
| 2 | ARUNACHAL PRADESH | 3,131 |
| 3 | ASSAM | 5,573 |
| 4 | BIHAR | 17,921 |
| 5 | CHHATTISGARH | 6,070 |
| 6 | GOA | 688 |
| 7 | GUJARAT | 6,197 |
| 8 | HARYANA | 1,947 |
| 9 | HIMACHAL PRADESH | 1,479 |
| 10 | JHARKHAND | 5,892 |
| 11 | KARNATAKA | 6,498 |
| 12 | KERALA | 3,430 |
| 13 | MADHYA PRADESH | 13,987 |
| 14 | MAHARASHTRA | 11,255 |
| 15 | MANIPUR | 1,276 |
| 16 | MEGHALAYA | 1,367 |
| 17 | MIZORAM | 891 |
| 18 | NAGALAND | 1,014 |
| 19 | ODISHA | 8,068 |
| 20 | PUNJAB | 3,220 |
| 21 | RAJASTHAN | 10,737 |
| 22 | SIKKIM | 691 |
| 23 | TAMIL NADU | 7,268 |
| 24 | TELANGANA | 3,745 |
| 25 | TRIPURA | 1,261 |
| 26 | UTTAR PRADESH | 31,962 |
| 27 | UTTARAKHAND | 1,992 |
| 28 | WEST BENGAL | 13,404 |
