15th FC submits report to President, keeps tax devolution to states at 41%

Report, submitted on Monday, addresses fears of southern states on population criteria

The 15th Finance Commission (FC) has recommended that the states be given 41 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26, sources said.

The 15th FC, led by former revenue secretary and parliamentarian N K Singh, submitted its final report to President Ram Nath Kovind on Monday.  It had also recommended the same percentage of devolution in its interim report for 2020-21.

The 14th FC had recommended 42 per cent tax devolution to the states. This was 10 percentage points higher than what was suggested by the previous FC.

The 15th FC recommended 41 per