The Second Finance Commission of India was constituted by president Rajendra Prasad on 1 June 1956.
The members of the Commission were: [1]: 23
The Commission was asked to make the following recommendations:
With regard to the distribution of Income Tax, the Commission made the following recommendations:
As far as the allocation to the States from the Union duties of excise on matches, tobacco, vegetable products, tea, coffee, sugar, paper and vegetable non-essential oils was concerned, the Commission considered that it should be 25 per cent.
The table below summarizes what each State was to expect in each of the five years starting from 1 April 1957 under the Second Finance Commission’s recommendations:
States | Share of Taxes | Grants under Article 273 | Grants under Article 275 | TOTAL |
---|---|---|---|---|
Andhra Pradesh | 8.50 | – | 4.00 | 12.50 |
Assam | 2.75 | 0.45 | 4.05 | 7.25 |
Bihar | 10.00 | 0.43 | 3.80 | 14.23 |
Bombay | 14.75 | – | – | 14.75 |
Kerala | 3.75 | – | 1.75 | 5.50 |
Madhya Pradesh | 7.00 | – | 3.00 | 10.00 |
Madras | 8.25 | – | – | 8.25 |
Mysore | 5.50 | – | 6.00 | 11.50 |
Orissa | 4.00 | 0.09 | 3.35 | 7.44 |
Punjab | 4.25 | – | 2.25 | 6.50 |
Rajasthan | 4.25 | – | 2.50 | 6.75 |
The Second Finance Commission of India was constituted by president Rajendra Prasad on 1 June 1956.
The members of the Commission were: [1]: 23
The Commission was asked to make the following recommendations:
With regard to the distribution of Income Tax, the Commission made the following recommendations:
As far as the allocation to the States from the Union duties of excise on matches, tobacco, vegetable products, tea, coffee, sugar, paper and vegetable non-essential oils was concerned, the Commission considered that it should be 25 per cent.
The table below summarizes what each State was to expect in each of the five years starting from 1 April 1957 under the Second Finance Commission’s recommendations:
States | Share of Taxes | Grants under Article 273 | Grants under Article 275 | TOTAL |
---|---|---|---|---|
Andhra Pradesh | 8.50 | – | 4.00 | 12.50 |
Assam | 2.75 | 0.45 | 4.05 | 7.25 |
Bihar | 10.00 | 0.43 | 3.80 | 14.23 |
Bombay | 14.75 | – | – | 14.75 |
Kerala | 3.75 | – | 1.75 | 5.50 |
Madhya Pradesh | 7.00 | – | 3.00 | 10.00 |
Madras | 8.25 | – | – | 8.25 |
Mysore | 5.50 | – | 6.00 | 11.50 |
Orissa | 4.00 | 0.09 | 3.35 | 7.44 |
Punjab | 4.25 | – | 2.25 | 6.50 |
Rajasthan | 4.25 | – | 2.50 | 6.75 |