Indian Polity · Polity
Consider the following statements regarding the devolution of central taxes to states as recommended by the Finance Commissions: Statement I: The 14th Finance Commission recommended a 42% share for states in central taxes for the 2015-20 period. Statement II: The 15th Finance Commission increased the state share in central taxes to 43% for the 2021-26 period. Statement III: The 1% adjustment in the devolution share by the 15th Finance Commission (to 41%) was made specifically due to the newly created Union Territories of Jammu & Kashmir and Ladakh. Statement IV: The recommended share of states in central taxes for 2021-26 remained 41%, same as recommended for 2020-21. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements I, III, and IV are correct✓
- 2Statements I and II are correct
- 3Statements II, III, and IV are correct
- 4Statements I, II, and III are correct
Correct answer
Statements I, III, and IV are correct
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