Centre releases in advance ₹1.09 lakh cr. tax devolution to states

Representational image. | Photo Credit: Getty Images/iStockphoto The Centre on Thursday (November 5, 2026) released a regular instalment of tax devolution to state governments amounting to over ₹1.09 lakh crore in advance in view of the festive season.The monthly instalment, normally released on November 10, has been advanced and released on 5th November 2026, in view of the festive season, the Finance Ministry said in a statement."In view of the upcoming festive season and to enable states to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases regular tax devolution of ₹1,09,019 crore to state governments in advance," the Ministry said.Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year. Published - November 05, 2026 07:06 pm IST