<P> The members of the commission shall provide full - time or part - time service to the commission, as the President specifies in his order . The members shall be paid salaries and allowances as per the provisions made by the Central Government . </P> <P> So far 14 finance commissions have been appointed which are as follows: </P> <Table> <Tr> <Th> Finance commission </Th> <Th> Year of establishment </Th> <Th> Chairman </Th> <Th> Operational duration </Th> </Tr> <Tr> <Td> First </Td> <Td> 1951 </Td> <Td> K.C. Neogy </Td> <Td> 1952--57 </Td> </Tr> <Tr> <Td> Second </Td> <Td> 1956 </Td> <Td> K. Santhanam </Td> <Td> 1957--62 </Td> </Tr> <Tr> <Td> Third </Td> <Td> 1960 </Td> <Td> A.K. Chanda </Td> <Td> 1962--66 </Td> </Tr> <Tr> <Td> Fourth </Td> <Td> 1964 </Td> <Td> P.V. Rajamannar </Td> <Td> 1966--69 </Td> </Tr> <Tr> <Td> Fifth </Td> <Td> 1968 </Td> <Td> Mahaveer Tyagi </Td> <Td> 1969--74 </Td> </Tr> <Tr> <Td> Sixth </Td> <Td> 1972 </Td> <Td> K. Brahmananda Reddy </Td> <Td> 1974--79 </Td> </Tr> <Tr> <Td> Seventh </Td> <Td> 1977 </Td> <Td> J.M. Shelat </Td> <Td> 1979--84 </Td> </Tr> <Tr> <Td> Eighth </Td> <Td> </Td> <Td> Y.B. Chavan </Td> <Td> 1984--89 </Td> </Tr> <Tr> <Td> Ninth </Td> <Td> </Td> <Td> N.K.P. Salve </Td> <Td> 1989--95 </Td> </Tr> <Tr> <Td> Tenth </Td> <Td> </Td> <Td> K.C. Pant </Td> <Td> 1995--2000 </Td> </Tr> <Tr> <Td> Eleventh </Td> <Td> 1998 </Td> <Td> A.M. Khusro </Td> <Td> 2000--2005 </Td> </Tr> <Tr> <Td> Twelfth </Td> <Td> 2002 </Td> <Td> C. Rangarajan </Td> <Td> 2005--2010 </Td> </Tr> <Tr> <Td> Thirteenth </Td> <Td> 2007 </Td> <Td> Dr. Vijay L. Kelkar </Td> <Td> 2010--2015 </Td> </Tr> <Tr> <Td> Fourteenth </Td> <Td> 2013 </Td> <Td> Dr. Y. V Reddy </Td> <Td> 2015--2020 </Td> </Tr> <Tr> <Td> Fifteenth </Td> <Td> 2017 </Td> <Td> N.K. Singh </Td> <Td> 2020--2025 </Td> </Tr> </Table> <Tr> <Th> Finance commission </Th> <Th> Year of establishment </Th> <Th> Chairman </Th> <Th> Operational duration </Th> </Tr>

Under whose chairmanship the 15th finance commission has been constituted by the union government