Centre releases ₹1,09,019 crore additional tax devolution to states
The funds aim to support capital spending and welfare requirements ahead of the festive season.
The Union government released an additional ₹1,09,019 crore in tax devolution to state governments on Saturday, October 31, 2026, according to Mint and The Hindu.
This payment is over and above the regular monthly devolution and marks the second such additional instalment released during the 2026-27 financial year.
The Ministry of Finance stated that the release is intended to help states accelerate capital expenditure and finance development and welfare-related spending in view of the upcoming festive season.
Currently, 41 per cent of taxes collected by the Centre is devolved to states in 14 instalments during a fiscal year.
Uttar Pradesh received the highest share of ₹19,208 crore, followed by Bihar with ₹10,845 crore and Madhya Pradesh with ₹8,010 crore.
Other significant allocations included ₹4,094 crore for Gujarat, ₹3,660 crore for Jharkhand, and ₹3,602 crore for Chhattisgarh.