Question

According to the 14th finance commission the percentage share of states in the net proceeds of the shareable central tax revenue should be

Answer 1

According to the 14th Finance Commission, the share of States in the union tax revenue would be 42%.

In the previous finance commission tenure this share was at 32%.

Niti Aayog has approved this recommendation and increased the share of states in union tax revenue.

In return 30 centrally sponsored schemes have been transferred to the states list.