Karnataka receives Rs 4,504 crore in additional central tax devolution
The Union Government released over Rs 1.09 lakh crore to state governments on Saturday to support capital and welfare spending.
The Union Government released an additional instalment of tax devolution totalling Rs 1,09,019 crore to state governments on Saturday, according to reports by Deccan Herald, The Hindu and The Tribune.
Karnataka received Rs 4,504 crore as part of this disbursement, which is the second additional release made during the 2026-27 financial year.
The Ministry of Finance stated that the funds were released ahead of the festive season to help states increase capital spending and fund development and welfare-related expenditure.
Uttar Pradesh received the largest share of Rs 19,208 crore, while Bihar and Madhya Pradesh received Rs 10,845 crore and Rs 8,010 crore respectively.
Other significant allocations included Rs 7,866 crore for West Bengal, Rs 7,022 crore for Maharashtra and Rs 6,460 crore for Rajasthan.
Currently, 41 per cent of central taxes collected are devolved to states through 14 instalments during a fiscal year.