Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States
Centre releases ₹1.09 lakh crore additional tax devolution instalment to states, enhancing fiscal support for the current year.
Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among States during a fiscal year.
Updated - August 08, 2026 05:51 pm IST - New Delhi
Image used for representational purposes. File | Photo Credit: iStockphoto/Getty Images
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.
Published - August 01, 2026 10:07 pm IST
state budget and tax / taxes and duties
Terms & conditions | Institutional Subscriber
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
