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| Finance commission | Year of establishment | Chairman | Operational duration |
|---|---|---|---|
| First | 1951 | K. C. Neogy | 1952–57 |
| Second | 1956 | K. Santhanam | 1957–62 |
| Third | 1960 | A. K. Chanda | 1962–66 |
| Fourth | 1964 | P. V. Rajamannar | 1966–69 |
| Fifth | 1968 | Mahaveer Tyagi | 1969–74 |
| Sixth | 1972 | K. Brahmananda Reddy | 1974–79 |
| Seventh | 1977 | J. M. Shelat | 1979–84 |
| Eighth | 1983 | Y. B. Chavan | 1984–89 |
| Ninth | 1987 | N. K. P. Salve | 1989–95 |
| Tenth | 1992 | K. C. Pant | 1995–2000 |
| Eleventh | 1998 | A. M. Khusro | 2000–2005 |
| Twelfth | 2002 | C. Rangarajan | 2005–2010 |
| Thirteenth | 2007 | Dr. Vijay L. Kelkar | 2010–2015 |
| Fourteenth | 2013 | Dr. Y. V Reddy | 2015–2020 |
| Fifteenth | 2017 | N. K. Singh | 2020–2025 |
| Committee | Appointed in | Submitted report in | Summary |
| Shah Nawaz Committee | 1955 | 1956 | The three-member committee was formed by the Nehru-government to address the public demand to investigate the disappearance of Subhas Chandra Bose. The committee was led by Shah Nawaz Khan, and included Suresh Chandra Bose, brother of Subhas, and S. N. Maitra.[4] |
| Balwant Rai Mehta Committee | 1957 | 1957 | Examine the working of the Community Development Programme and the National Extension Service |
| Ashok Mehta Committee | 1977 | 1978 | In December 1977, the Janata Government appointed a committee on Panchayati Raj institutions under the chairmanship of Ashoka Mehta. |
| Narasimham Committee on Banking Sector Reforms (1998) | 1998 | 1998 | |
| Sachar Committee | 2005 | 2006 | Examine social, economic and educational condition of the Muslim community of India |
| Srikrishna committee on Telangana | 2010 | 2010 | |
| Naresh Chandra Committee | 2012 | Defense reforms |