Representative image for tax.
Credit: iStock Photo
New Delhi: The Centre on Friday released Rs 6310.40 crore as tax devolution to Karnataka.
In total, the Union Government has released tax devolution of Rs 1,73,030 crore to the states against the devolution of Rs 89,086 crore in December 2024.
A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures, a statement from the Ministry of Finance said.