The Centre on Monday notified a 24-per cent hike in the salaries of members of Parliament with effect from April 1, 2023 on the basis of the Cost Inflation Index.
The notification, issued by the Ministry of Parliamentary Affairs, also increased the daily allowances for sitting members and pension and additional pension for every year of service over five years for former members..
A member of Parliament will now get Rs 1.24 lakh per month as salary as against Rs 1 lakh per month they received earlier.
The daily allowance has been raised from Rs 2,000 to Rs 2,500.
The monthly pension for Members and Ex-Members of Parliament has been revised from Rs 25,000 to Rs 31,000.
It will be effective from 1st April 2023.
The increase in the salary has been notified in the exercise of the powers granted under the Salary, Allowances and Pension of Members of Parliament Act based on the Cost Inflation Index specified in the Income Tax Act of 1961.
