Report of Fifteen Finance Commission

  • The final report of the Fifteenth Finance Commission of India for FY 2021-22 to FY 2025-26 was tabled in the Parliament on 1st February, 2021 alongside the Union Budget 2021-22.
  • The 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh. Its recommendations will cover a period of five years from the year 2021-22 to 2025-26.

Key Recommendations

1.Vertical Devolution (Devolution of Taxes of the Union to States)

  • It has recommended maintaining the vertical devolution at 41% - the same as in its interim report for 2020-21.
  • It is at the same ....
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