Financial Commission is constituted to define financial relations between the Center and

the States. Under the provision of Article 280 of the constitution, the President appoints a
Financial Commission for the specific purpose of devolution of non-plan revenues resources. The
functions of the commission are to make recommendations to the President in respect of:
1. The distribution of net proceeds of taxes to be shared between the Union and the States and
the allocation of share of such proceeds among the States.
2. The principles which should govern the payment of grant-in-aid by the Center to the States.
3. Any other matter concerning financial relations between the Center and the States.

In above context so far 13 Financial Commissions have been appointed which are as follows:

Sr.no. Year of
establishment
chairman Operational
duration
Year of submitting
report
1 1951 K.C.Niyogi 1952-1957 1952
2 1956 K.
Santhanam
1957-1962 1956* and 1957
3 1960 A. K. Chanda 1962-1966 1961
4 1964 P. V.
Rajamannar

1966-1969 1965

5 1968 Mahavir
Tyagi
1969-1974 1968* and 1969
6 1972

Brahma
Nand
Reddy
1974-1979 1973

7 1977 J. M. Shellet 1979-1984 1978

8 1983 Y.V. Chawan 1984-1989 1983* and 1984
9 1987 N.K.P. Salve 1989-1995 1989
10 1992 K.C. Pant 1995-2000 Nov 26, 1994

11 1998 A.M. Khusro 2000-2005

Jan 15, 2000*; July 7,
2000 and Aug
31, 2000
12 2003 C.
Rangarajan
2005-2010 Nov 30, 2004
13 2007 Vijay L.
Kelkar
2010-2015 Constitued in Nov 2007