Government releases Rs 1.16 lakh crore of tax devolution to states
The share of states in the Central taxes -- at the aggregate level of 41 per cent -- was decided by the 15th Finance Commission. Typically, this is transferred in 14 installments in a fiscal year.
Uttar Pradesh received Rs 20,928.62 crore while Madhya Pradesh got Rs 9,158.24 crore. Pic: Reuters