Centre releases Rs 1,39,750 crore installment of Tax Devolution to states; Rs 6327.92 crore to Odisha

The Ministry of Finance has released an additional Rs 1,39,750 crore for state tax devolution in June 2024. This installment brings the total to Rs 2,79,500 crore for FY 2024-25 up to June. It is part of the Rs 12,19,783 crore earmarked in the Interim Budget for this purpose.

Centre releases Rs 1,39,750 crore installment of Tax Devolution to states; Rs 6327.92 crore to Odisha

The Ministry of Finance has announced the release of an additional installment of Tax Devolution to States, totaling Rs 1,39,750 crore for the month of June 2024. 

This brings the cumulative devolution to Rs 2,79,500 crore for the fiscal year 2024-25, up to June 10, 2024.