Center releases ₹4,504 crore additional installment of tax transfer to Karnataka

The Center on Saturday released additional installment of tax devolution to state governments totaling over ₹1.09 crore. Karnataka’s share was ₹4,504 crore.

This is in addition to the regular monthly transfer and is the second additional installment issued in the current financial year, as per the PIB release. The highest allocation went to Uttar Pradesh at ₹19,208 crore, followed by Bihar with ₹10,845 crore.

“This release is in view of the upcoming festive season and is intended to enable states to accelerate capital expenditure as well as finance their development and social welfare expenditure,” the finance ministry said in a statement.

Published – 31 Oct 2026 23:29 IST