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TMI BlogFinance Minister Smt. Nirmala Sitharaman authorises release of advance installment of tax devolution to State Governments amounting to ₹ 47,541 croreX X X X Extracts X X X X X X X X Extracts X X X X ..... Finance Minister Smt. Nirmala Sitharaman authorises release of advance installment of tax devolution to State Governments amounting to ₹ 47,541 crore - News and Press Release Dated:- 20-1-2022 - News - Finance Minister Smt. Nirmala Sitharaman authorises release of advance installment of tax devolution to State Governments amounting to ₹ 47,541 crore States receive a total of ₹ 95,082 crore during January 2022 With release of the 2nd advance installment, States receive an additional amount of ₹ 90,082 crore under tax devolution over and above budgeted amount Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman has authorised the release of an advance installment of tax devolution t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o State Governments amounting to ₹ 47,541 crore, here today. This is in addition to the regular devolution for the month of January 2022, also being released today. Thus, States would receive a total of ₹ 95,082 crore or double their respective entitlement during the month of January 2022. State-wise break-up of the amounts being released is appended. It is pertinent to mention that the Government of India had released the first advance instalment of tax devolution amounting to ₹ 47,541 crore to States on 22 nd November 2021. With the release of the second advance installment today, the States would have received an additional amount of ₹ 90,082 crore under tax devolution over and above what has be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en budgeted to be released till January, 2022. It also needs to be noted that release from Government of India of the back-to-back loan amounting to ₹ 1.59 lakh crore to State Governments in lieu of GST Compensation shortfall in FY 2021-22 was completed by the end of October 2021. This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure to ameliorate the deleterious effects of CoVID-19 pandemic. STATEMENT SHOWING STATEWISE DISTRIBUTION OF NET PROCEEDS OF UNION TAXES AND DUTIES FOR JANUARY 2022 Sl. No. State Regular monthly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... installment for Jan 2022 Advance installment in Jan 2022 Total releases in Jan 2022 1 Andhra Pradesh 1,923.98 1,923.98 3,847.96 2 Arunachal Pradesh 835.29 835.29 1,670.58 3 Assam 1,487.08 1,487.08 2,974.16 4 Bihar 4,781.65 4,781.65 9,563.30 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 Chhattisgarh 1,619.77 1,619.77 3,239.54 6 Goa 183.51 183.51 367.02 7 Gujarat 1,653.47 1,653.47 3,306.94 8 Haryana 519.62 519.62 1,039.24 9 Himachal Pradesh 394.58 394.58 789.16 10 Jharkhand 1,572.17 1,572.17 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,144.34 11 Karnataka 1,733.81 1,733.81 3,467.62 12 Kerala 915.19 915.19 1,830.38 13 Madhya Pradesh 3,731.96 3,731.96 7,463.92 14 Maharashtra 3,003.15 3,003.15 6,006.30 15 Manipur 340.40 340.40 680.80 16 Meghalaya 364 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .64 364.64 729.28 17 Mizoram 237.71 237.71 475.42 18 Nagaland 270.51 270.51 541.02 19 Odisha 2,152.66 2,152.66 4,305.32 20 Punjab 859.08 859.08 1,718.16 21 Rajasthan 2,864.82 2,864.82 5,729.64 22 Sikki ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m 184.47 184.47 368.94 23 Tamil Nadu 1,939.19 1,939.19 3,878.38 24 Telangana 999.31 999.31 1,998.62 25 Tripura 336.66 336.66 673.32 26 Uttar Pradesh 8,528.33 8,528.33 17,056.66 27 Uttarakhand 531.51 531.51 1,063.02 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 28 West Bengal 3,576.48 3,576.48 7,152.96 TOTAL 47,541.00 47,541.00 95,082.00 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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