Centre Releases ₹1.09 Lakh Crore Extra Tax Share to States
The Centre has released an additional tax devolution instalment of ₹1.09 lakh crore to state governments for FY27. Uttar Pradesh receives the highest allocation, at ₹19,208 crore, followed by Bihar and Madhya Pradesh. The payment adds to the regular transfers that states receive from the Centre's tax collections.
Context
Context: The Centre collects most big taxes but shares a fixed portion with states, which spend it on schools, hospitals and roads. Extra instalments like this one are released on top of the regular transfers.
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