Under which article is the formation of the Finance Commission provisioned in the Constitution of India?

The correct answer is (A) Article 280.

• The Finance Commission of India is a constitutional body established under Article 280 of the Constitution of India by the President of India. It is constituted every five years or at such earlier time as the President considers necessary to make recommendations regarding the distribution of tax proceeds between the Union and the States.
• The Commission consists of a Chairman and four other members appointed by the President. It plays a critical role in fiscal federalism by ensuring the fair allocation of financial resources and strengthening cooperative federalism in the country.
• Option (B) Article 268 deals with duties levied by the Union but collected and appropriated by the States; Option (C) Article 275 pertains to grants-in-aid from the Union to certain States; and Option (D) Article 282 relates to expenditure defrayable by the Union or a State out of its revenues. Therefore, options (B), (C), and (D) are incorrect.