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MPs Get 24% Salary Hike on Cost Inflation Index Basis
Business Standard
|March 25, 2025
Effective from Apr 1, 2023
The Centre on Monday notified a 24 per cent salary hike for Members of Parliament (MPs) with effect from April 1, 2023, on the basis of the Cost Inflation Index. This would increase MPs' salary from ₹1 lakh to ₹1.24 lakh.
The Ministry of Parliamentary Affairs' notification also raised the daily allowance for sitting members from ₹2,000 to ₹2,500. MPs are entitled to a daily allowance for attending the sittings of Parliament and meetings of parliamentary committees.
The Centre increased the pension for former MPs from ₹25,000 per month to ₹31,000 per month. The additional pension for every year of service in excess of five years has been increased from ₹2,000 per month to ₹2,500.
Article 106 of the Constitution empowers MPs to determine their salaries and allowances by enacting laws.
Until 2018, Parliament periodically passed laws to revise the salaries of MPs.
In 2018, via the Finance Act, which former Finance Minister Arun Jaitley tabled, Parliament amended the law for fixing the salary of MPs.
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