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Basic salary of MPs doubled; Law for revision every five years

Basic salary of MPs

New Delhi: Parliamentarians basic pay is all set to be doubled to Rs 1 lakh from April 1 this year.

In the finance bill tabled on Thursday, the government proposed that the basic pay of MPs be increased from the current Rs 50,000 to Rs 1 lakh.

Allowances under various heads given to Members of Parliament will also be increased.

Presenting his fifth budget, Finance Minister Arun Jaitley on Thursday also proposed a law for an automatic revision of salaries for MPs every five years indexed to inflation.

At present, the remuneration of an MP includes a basic salary of Rs 50,000 per month and Rs. 45,000 as constituency allowance, apart from other perks.

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