New Delhi, Jan 10: The Union government has released tax devolution of ₹1,73,030 crore to state governments today, as against the devolution of ₹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.

Odisha has received ₹7834.80 crore. Uttar Pradesh got the highest amount of ₹31,039.84 crore, followed by ₹17,403.36 crore to Bihar and ₹13017.06 crore to West Bengal.

Tax devolution refers to the distribution of tax revenues between the central government and the state governments.