Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States
The Finance Ministry on Saturday (August 1, 2026) said the Centre has released an additional instalment of tax devolution to state governments amounting to ₹1.09
The Finance Ministry on Saturday (August 1, 2026) said the Centre has released an additional instalment of tax devolution to state governments amounting to ₹1.09 lakh crore, which is in addition to the normal monthly amount. Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among States during a fiscal year. "The Union government has released additional instalment of tax devolution to state governments amounting to Rs 1,09,019 crore on 1st August 2026, which is in addition to the normal monthly devolution to be released on 10th August 2026," the Ministry said in a statement.
The BriefWire