Tax devolution: Here’s how much Karnataka got as per 14th and 15th Finance Commissions

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05-02-2024

    Karnataka Congress members all set to hold protest in New Delhi

    Protest on February 7 against reduced tax devolution to the state

    Tax devolution by 14th and 15th Finance Commissions for Karnataka

The Karnataka Congress members are all set to hold a protest in New Delhi on February 7 over reduced tax devolution to the state. South Indian states in general rue the fact that they are not getting enough money from the centre even after paying phenomenal taxes in different forms. Even as the tax argy-bargies continue, here are number that throw light on the tax devolution as recommended by the 14th and 15th Finance Commissions for the state of Karnataka.

Year Amount received as per 15th Finance Commission Amount received as per 14th Finance Commission Deficit
2020-21 Rs 21,694 Crores Rs 28,024 Crores Rs 6,330 Crores
2021-22 Rs 33,284 Crores Rs 42,314 Crores Rs 9,031 Crores
2022-23 Rs 34,596 Crores Rs 44,670 Crores Rs 10,074 Crores
2023-24 Rs 37,252 Crores Rs 48,110 Crores Rs 10,858 Crores
2024-25
(Approximation)
Rs 41,711 Crores Rs 53,883 Crores Rs 12,172 Crores
2025-26
(Approximation)
Rs 46,716 Crores Rs 60,349 Crores  

Rs 13,633 Crores

 

Total Rs 62,098 Crores

 

Tax devolution: Here’s how much Karnataka got as per 14th and 15th Finance Commissions

https://newsfirstprime.com/wp-content/uploads/2024/02/Indian-Money.jpg

    Karnataka Congress members all set to hold protest in New Delhi

    Protest on February 7 against reduced tax devolution to the state

    Tax devolution by 14th and 15th Finance Commissions for Karnataka

The Karnataka Congress members are all set to hold a protest in New Delhi on February 7 over reduced tax devolution to the state. South Indian states in general rue the fact that they are not getting enough money from the centre even after paying phenomenal taxes in different forms. Even as the tax argy-bargies continue, here are number that throw light on the tax devolution as recommended by the 14th and 15th Finance Commissions for the state of Karnataka.

Year Amount received as per 15th Finance Commission Amount received as per 14th Finance Commission Deficit
2020-21 Rs 21,694 Crores Rs 28,024 Crores Rs 6,330 Crores
2021-22 Rs 33,284 Crores Rs 42,314 Crores Rs 9,031 Crores
2022-23 Rs 34,596 Crores Rs 44,670 Crores Rs 10,074 Crores
2023-24 Rs 37,252 Crores Rs 48,110 Crores Rs 10,858 Crores
2024-25
(Approximation)
Rs 41,711 Crores Rs 53,883 Crores Rs 12,172 Crores
2025-26
(Approximation)
Rs 46,716 Crores Rs 60,349 Crores  

Rs 13,633 Crores

 

Total Rs 62,098 Crores

 

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