Centre releases tax devolution of ₹1,73,030 crore to States
Nearly double December's ₹89,086 crore; Uttar Pradesh gets the largest share at ₹31,039.84 crore.
Summary
The Union Government released tax devolution of ₹1,73,030 crore to State Governments on 10 January 2025, against ₹89,086 crore devolved in December 2024. The Finance Ministry said the higher amount would help States accelerate capital spending and finance development and welfare expenditure. Uttar Pradesh received the largest share at ₹31,039.84 crore, followed by Bihar at ₹17,403.36 crore and Madhya Pradesh at ₹13,582.86 crore.
Key facts
- Date
- 10 January 2025
- Amount
- ₹1,73,030 crore
- December 2024 devolution
- ₹89,086 crore
- Largest share
- Uttar Pradesh ₹31,039.84 crore
- Next
- Bihar ₹17,403.36 crore; Madhya Pradesh ₹13,582.86 crore
- Purpose
- Capital spending, development and welfare expenditure
Practice MCQs 3 questions
How much tax devolution did the Union Government release to States on 10 January 2025?
Show answer
Correct answer: C — ₹1,73,030 crore
PIB (Finance): ₹1,73,030 crore was released, against ₹89,086 crore in December 2024.
Which State received the largest share in the tax devolution released on 10 January 2025?
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Correct answer: D — Uttar Pradesh
PIB (Finance): Uttar Pradesh got ₹31,039.84 crore, the largest in the State-wise table.
In the January 2025 tax devolution, which State received the second-largest amount after Uttar Pradesh?
Show answer
Correct answer: A — Bihar
PIB (Finance): Bihar ₹17,403.36 crore, Madhya Pradesh ₹13,582.86 crore, West Bengal ₹13,017.06 crore, Maharashtra ₹10,930.31 crore.