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The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to
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- 35%
- 40%
- 42%
- 45%
- 35%
Correct Option: C
In the largest ever change in the percentage of devolution, the 14thFinance Commission (FFC) recommended that the States’ share in the net proceeds of the Union tax revenues be 42%. The recommendation of tax devolution at 42% is a huge jump from the 32% recommended by the 13thFinance Commission.
