A Significant Salary Hike for MPs
In a recent announcement, the Central Government has approved a substantial 24% salary hike for Members of Parliament (MPs), along with increased daily allowances and pension benefits. Effective from April 1, 2023, this revision aims to align lawmakers’ compensation with rising inflation and living costs. The move has drawn attention as it follows similar salary hikes for government officials in various states.
Revised Salary and Allowances: What MPs Will Earn Now
According to an official circular from the Ministry of Parliamentary Affairs, the revised salary and allowances for MPs are as follows:
- Monthly Salary: Increased from ₹1,00,000 to ₹1,24,000.
- Daily Allowance: Raised from ₹2,000 to ₹2,500.
- Monthly Pension for Ex-MPs: Increased from ₹25,000 to ₹31,000.
- Additional Pension Per Year of Service: Increased from ₹2,000 to ₹2,500.