New Delhi:The finance ministry on Saturday said the Union has released 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 per cent of taxes collected by the Union is devolved in 14 instalments among states during a fiscal year.
👉 Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditureRead more ➡️ https://t.co/9ZENjsLdnj pic.twitter.com/qE0JVF9jd9
"The Union government has released additional instalment of tax devolution to state governments amounting to ₹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.