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

Explanation

The Fourteenth Finance Commission was constituted in January 2013 under the chairmanship of former Reserve Bank of India Governor Dr. Y. V. Reddy. In its recommendations, the Commission increased the States’ share in the central divisible pool from 32 percent to 42 percent. The Fifteenth Finance Commission recommended reducing the States’ share from 42 percent to 41 percent, with a 1 percent adjustment for the newly created Union Territories of Jammu and Kashmir and Ladakh. Planning