According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be

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(d) 42 percent — According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be 42 percent. The Finance Commission is a constitutional body formed by the President of India to give suggestions on Centre- State financial relations under Article 280 of the 15th Constitution. According to Finance Commission, The share of states in the central taxes for the 2021-26 period is recommended to be 41%. This is less than the 42% share recommended by the 14th Finance Commission for 2015-20 period.

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(A) 32 percent

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(B) 35 percent

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(C) 40 percent

According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be

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