DEVOLUTION/ GRANT- IN -AID (GIA):-
Devolution/Grant-in-Aid (GIA) is received from the Finance
Department at the rate of 10% out of collection of taxes viz; State
Excise, VAT, passengers/goods and entertainment taxes on the
recommendations of State Finance Commission w.e.f. 2004-05.
The details of funds released under Devolution grants in
favour of Urban Local Bodies (ULB’s) w.e.f 2008 is given at Annexure