Bhubaneswar, August 1: Odisha has received an additional instalment of tax devolution worth Rs 4,819 crore.

Uttar Pradesh got the lion’s share of Rs 19,208 crore - the highest in the country - of additional instalment towards devolution of taxes to the States extended by the Union Finance Ministry.

According to the Ministry of Finance, the Union Government has released additional instalment of tax devolution to State Governments amounting to Rs 1,09,019 crore on August 1, which is in addition to the normal monthly devolution to be released on August 10 2026.

Uttar Pradesh, the nation's most populous State, got the highest - Rs 19,208 crore, followed by Bihar (Rs 10,845 crore), Madhya Pradesh (Rs 8,010 crore), West Bengal (Rs 7,866 crore), Maharashtra (Rs 7,022 crore), and Rajasthan (Rs 6,460 crore).

Andhra Pradesh (Rs 4,597 crore), Odisha (Rs 4,819 crore), Tamil Nadu (Rs 4,466 crore), Karnataka (Rs 4,504 crore), and Jharkhand (Rs 3,660 crore) also received significant additional tax devolution.

This release is in line with the commitment of Government of India to strengthen the finances of States to accelerate their capital and developmental expenditure.

The release on August 1 is in line with the commitment of Government of India to strengthen the finances of states to accelerate their capital and developmental expenditure, according to an official statement.

In October last year, the Union Government released an additional tax devolution of Rs 1,01,603 crore to State Governments. This was an additional amount to the normal monthly devolution, which was released on October 10.

According to the Ministry, the decision was taken in view festive season to enable States to accelerate capital spending and finance their development and welfare-related expenditure.