New Delhi: The state-wise distribution of Union Taxes for November 2023 highlights the government’s commitment to ensuring equitable distribution of resources among states. The allocation of funds reflects the needs and priorities of different states and contributes to their overall development.
The Union Government has released the state-wise distribution of Union Taxes for November 2023. Uttar Pradesh has received the highest allocation of ₹13,088.51 crore, followed by Bihar with ₹7,338.44 crore. Madhya Pradesh, West Bengal, and Maharashtra have received ₹5,727 crore, ₹5,488 crore, and ₹4,608 crore, respectively.
Uttar Pradesh has consistently topped the list of states receiving the highest tax devolution in recent months.
Bihar, Madhya Pradesh, and West Bengal have also been among the top recipients of Union Taxes.
The southern states of Tamil Nadu and Karnataka have also received significant allocations.
Smaller states like Arunachal Pradesh, Uttarakhand, and Himachal Pradesh have received relatively smaller amounts.
Breakdown of State-wise Tax Devolution:
|State||Amount (₹ crore)|
Significance of Tax Devolution:
Tax devolution plays a crucial role in enabling states to meet their fiscal obligations and undertake development projects. The amount of tax devolution received by a state is determined by various factors, including its population, area, and income.