Union:States tax share - Budget & Economic Survey

Q.  According to 14th Finance Commission, in spirit of Co-operative Federalism, how much percent of Union Taxes has decided to be transferred to the States?
- Published on 04 Aug 15

a. 42%
b. 50%
c. 58%
d. 35%

ANSWER: 42%
 
It’s a recommendation of the 14th Finance Commission and has been implemented in the Union Budget 2015-16.

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