Union Budget 2026: 16th Finance Commission recommends 41% tax devolution to States, increased share to South India
Union Finance Minister Nirmala Sitharaman in Lok Sabha on February 1, 2026. Credit: Sansad TV The Sixteenth Finance Commission (16th FC) has recommended that the Central Government retain the 41% share of tax devolution to the States that had been implemented since 2021. Finance Minister Nirmala Sitharaman, in her Budget 2026 speech on Sunday (February…