Centre releases ₹4,504-crore additional instalment of tax devolution to Karnataka - The HinduUpdated - October 31, 2026 11:30 pm IST - BengaluruThe Centre on Saturday released an additional instalment of tax devolution to State governments totalling over ₹1.09 lakh crore. Karnataka’s share stood at ₹4,504 crore.This is in addition to the regular monthly devolution and is the second additional instalment released in the current financial year, according to a PIB release. The highest allocation went to Uttar Pradesh at ₹19,208 crore, followed by Bihar at ₹10,845 crore.“This release is in view of the upcoming festive season and to enable States to accelerate capital spending, as well as finance their development- and welfare-related expenditure,” the Finance Ministry said in a statement.Published - October 31, 2026 11:29 pm ISTSign in to unlock member-only benefits!Access 10 free stories every monthSave stories to read laterAccess to comment on every storySign-up/manage your newsletter subscriptions with a single clickGet notified by email for early access to discounts & offers on our products${ ind + 1 } ${ device }Last active - ${ la }