The central government has decided to increase the salaries and allowances of MPs. Apart from this, the pension of former MPs has also been increased. The special thing is that this increase will be considered applicable only from 1 April 2023.
Now MPs will get a salary of ₹ 1,24,000 per month, which was ₹ 1,00,000 earlier. At the same time, daily allowance has also been increased to ₹ 2,500, which was earlier ₹ 2,000. The pension of former MPs has also been increased from ₹ 25,000 to ₹ 31,000 per month.
Base of salary hike and government notification
This increase has been made under the salary, allowances and pension act, 1954 of Members of Parliament. The government has taken the basis of the cost inflation index mentioned in the Income Tax Act, 1961 to implement this decision.
According to the notification issued by the Ministry of Parliamentary Affairs, the salary of MPs has been increased by 24%, which will be effective from 1 April 2023.
Salary will be reviewed every five years
According to the government notification, the salary and allowances will be reviewed every five years. This review will be held keeping in mind the inflation.
Apart from this, the pension of former MPs who have been MPs for more than one term have also been increased. Now they will get an additional ₹ 2,500 per month pension for every year of service, which was earlier ₹ 2,000.
This step of the center came after the decision of the Government of Karnataka
Significantly, this decision has come at a time when the Government of Karnataka approved a 100% increase in the salary of Chief Minister, ministers and MLAs a few days ago.
Although there was a sharp debate on the increment in the Karnataka Legislative Assembly, it eventually got approved. Now this increase in the salary and pension of MPs by the central government has become a topic of discussion in political corridors.
