Kerala receives tax allocation of Rs 19,662.88 crores

NEW DELHI: The Union Government on Wednesday released the statement showing the state-wise distribution of net proceeds of Union Taxes and Duties for Budget Estimates 2023-24. Kerala received a share of Rs 19,662.88 crore (1.925 %). The state had received a share of Rs 15,720.5 crore in the 2022-23 budget.

While funds were allocated to the central institutions in the state, the allocation was increased to institutes such as Kozhikode NIT, Palakkad IIT, Valiamala Indian Institute of Space Science and Technology, Sree Chitra Tirunal Institute for Medical Sciences & Technology.

Tax allocation for Kerala(in crores)

• GST..............6,358.05
• Income Tax...................6,122.64
• Excise duty...............261.24
• Corporation Tax......6,293.42
• Service Tax...................3.95
• Customs duty...................623.74
• Property tax............................0.16

For Central Institutions (in Crores)
Allocation for 2022-23 in bracket

• Cochin Port Trust: 14.74 (23.88)
• Cochin Shipyard: 300 (400)
• Thiruvananthapuram National Centre for Earth Science Studies: 13 (13.90 )
• Thiruvananthapuram For Institutions of Central Department of Biotechnology, including Rajiv Gandhi Centre: 902.47 (830.82 )
• Valiamala Indian Institute of Space Science and Technology 122 crores (115 crores)
• HMT: 22.29 (25.21)
• For 24 institutes of the Central Science and Technology Department, including Sree Chitra: 1560 (1,500)
• For NTPC thermal stations, including Kayamkulam: 22,454 ( 22,454)
• Indian Institute of Science for Education and Research Institutions (ICER): 1462 (1379.53)
• IITs, including Palakkad: 9,961.50 (8,495)
• IIMs, including Kozhikode: 300 ( 653.92 )
• NITs, including Kozhikode: 4,820.60 (4,364 )
• Rubber Board: 268.76 (268.76)
• Tea Board: 135 (131.92)
• Coffee board: 226.20 (226.21)
• Spices Board: 115.50 (115.50)
• Kochi Marine Products Export Development Authority: 100 (116)
• VSSC, LPSC etc: 12,543.91 (10, 534.50)