Q. Which one of the following does not include in the divisible pool for devolution of revenue to the states?

[A] Cesses and surcharges

[B] Estate duties

[C] Union Excise duties

[D] Income tax

Answer: A
Notes:

The share of states in Central taxes would differ from the FC recommendations since the latter applies to ‘divisible pool’ comprising of total central taxes excluding revenue from cesses and surcharges, cost of collection, and certain earmarked taxes.

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