The Central government has approved a significant hike in the salaries, allowances, and pensions for Members of Parliament (MPs), set to take effect from April 1, 2023 (back dated). A gazette notification issued on Monday outlined the details of the increase, marking a 24 per cent rise in MPs' monthly salaries.
Both Lok Sabha and Rajya Sabha MPs will receive a monthly salary of Rs 1.24 lakh, up from the previous amount of Rs 1 lakh. Additionally, their daily allowance will be raised from Rs 2,000 to Rs 2,500.Former MPs will also see an increase in their pensions, with the monthly pension revised from Rs 25,000 to Rs 31,000. Furthermore, the additional pension for each year of service beyond five years will increase from Rs 2,000 to Rs 2,500.
This revision is the first such update since April 2018, when the last revision of MPs' salaries, allowances, and pensions was implemented.
The Ministry of Parliamentary Affairs has confirmed that these changes aim to reflect the increased responsibilities and costs faced by parliamentarians.