Finance Commission in UP: The demand for UP's share up to 20.47 percent in central tax: Suresh Khanna -Finance Commission in UP Finance in the UP -Minister of Finance Suresh Kumar Khanna says UP governments demand to increase the share in Ceranl Tata

The 16th Finance Commission in the first two months of financial year 2025-26, in April and May brought the most important tax and currency income Rs 35563.74 crore to the Treasury. This amount is Rs 1052.10 more than the revenue received in April and May of the last financial year 2024-25. State Bureau, Jagran, Lucknow: Finance Minister Suresh Kumar Khanna said UP would gain more share in central taxes. The 16th Central Finance Commission on Wednesday demanded the state’s share of 20.47 percent of central taxes. The commission is expected to get the state at least 19.76 percent in the central tax. It is significant that UP 17.93 percent of the total amount given to the states is given of central taxes. At a press conference held at the first two months of the financial year 2025-26 in April and May in the first two months of the financial year 2025-26, the Minister of Finance said that the Central Finance Commission on Wednesday by lead minister Yogi Adityanath declared the achievements and requirements of Uttar Pradesh in detail. Told the commission that the state has improved tax revenue along with the reduction of debt. The main minister said that 200 crore trees were done in UP, of which 70 percent of the plants are alive. Urbanization increased in Uttar Pradesh. The commission team agreed with the words of the Chief Minister. The commission said Uttar Pradesh did well. The finance minister said that the way the commission is priced will increase the state’s share in central taxes. It is noteworthy that UP also increased the claim to increase 41 percent of the amount set for states, to 50 percent in central taxes like many other countries of the country. In the first two months, the government earned Rs 35563.74 crore on taxes, Finance Minister Serna Kumar Khanna said the most important tax and currency income in April in the first two months of the financial year 2025-26 brought Rs 35563.74 Crore to the Treasury. This amount is Rs 1052.10 more than the revenue received in April and May of the last financial year 2024-25. In the last financial year to May, Rs 34511.64 crore was received. In the financial year, until May, Rs 14152.41 Crore van GST, Rs 4006.78 Crore of VAT, Rs 9187.96 Crore of Excise, Rs 5676.76 Crore of Stamp and Registration, Rs 1981,63 Crore of Transport and Rs 558.10 Crore of Transport. In the current financial year 2025-26, revenue was reaching target Rs 48535.87 crore until May, compared to the revenue received by Rs 35563.74 crore.