💰 Major Boost for States: ₹1.09 Lakh Crore Released
Centre releases additional tax devolution funds; Jharkhand receives ₹3,660 crore
📍 New Delhi | M Bharat 24 News Live
To strengthen the financial position of states and accelerate development activities, the Central Government released an additional tax devolution amount of ₹1,09,019 crore on August 1, 2026. This amount is separate from the regular monthly tax share scheduled for release on August 10, 2026.
The government states that this advance release will provide states with greater financial resources for sectors such as roads, health, education, irrigation, drinking water, infrastructure, and other development schemes.
Top Recipients
🥇 Uttar Pradesh – ₹19,208 crore
🥈 Bihar – ₹10,845 crore
🥉 Madhya Pradesh – ₹8,010 crore
4️⃣ West Bengal – ₹7,866 crore
5️⃣ Maharashtra – ₹7,022 crore
6️⃣ Rajasthan – ₹6,460 crore
7️⃣ Odisha – ₹4,819 crore
8️⃣ Andhra Pradesh – ₹4,597 crore
9️⃣ Karnataka – ₹4,504 crore
🔟 Tamil Nadu – ₹4,466 crore
Significant Benefit for Jharkhand
Jharkhand has received an additional tax share of ₹3,660 crore. This amount is expected to accelerate development projects and boost capital investment within the state.
Message from the Centre
The Central Government stated that this additional tax devolution is a significant step towards enhancing the financial capacity of states, accelerating capital expenditure, and ensuring the timely completion of development works.
