The divisible pool is that portion of gross tax revenue which is distributed between the Centre and the States. The divisible pool consists of all taxes, except surcharges and cess levied for a specific purpose, net of collection charges.
Further Reading:
| Related Links | |
| Taxation in India | Indian Polity Notes |
| Financial Relations Between Centre and State | Cash-Reserve Ratio |
| NCERT Notes For UPSC | Balance of Payment (BoP) |
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