Prime Minister of India Salary

What is salary of PM in India in 2024?

The current salary of the Prime Minister of India is approximately ₹1.6 lakh per month. This includes a basic salary of ₹50,000, a sumptuary allowance of ₹3,000, a daily allowance of ₹62,000, and an MP allowance of ₹45,000. However, it is important to note that the Prime Minister has voluntarily taken a 30% pay cut, which reduces their monthly salary to approximately ₹1,12,000.

In addition to their salary, the Prime Minister also receives a number of allowances and benefits.

What is the salary of CM?

The salary of a Chief Minister (CM) in India varies from state to state. As of 2023, the CM salary per month in India ranges from ₹1,25,000 to ₹4,00,000. The salary is determined by the state government and is based on a number of factors, including the state’s financial situation, the cost of living in the state, and the CM’s experience and qualifications.

In addition to their salary, CMs are also entitled to a number of allowances, such as a house allowance, travel allowance, and telephone allowance. These allowances vary from state to state.

Who gives Prime Minister salary?

The salary of the Prime Minister of India is funded by the Government of India. The specific amount is determined by the Parliament of India and is specified in the Prime Minister’s Salary, Allowances, and Pension Act, 1954. The salary is paid directly to the Prime Minister from the Consolidated Fund of India, which is a central government account that receives revenue from various sources, including taxes.

Does Prime Minister pay tax?

Yes, the Prime Minister of India is subject to income tax just like any other citizen of India. Their salary, allowances, and other income are taxable under the provisions of the Income Tax Act, 1961. The Prime Minister is required to file an annual income tax return, disclosing their income and paying any applicable taxes.

What is the pension of ministers in India?

The Act entitles every MP to a pension of Rs 8,000 per month. If an MP has served more than five years, he shall be entitled to Rs 800 extra for every year he has served after the first five years. The Bill amends this amount of pension to Rs 20,000 and the extra entitlement to Rs 1,500.

The Prime Minister of India receives an annual salary of 19,20,000 INR along with a monthly salary of 1,60,000 INR. The total salary of the PM of India includes a basic pay of 50,000 INR along with various allowances, perks, and benefits. In this article, we have explained the Prime Minister Of India Salary, perks, and benefits in detail.

The Prime Minister of India is known to be the highest-ranked political minister of the nation, serving as the head of government and leader of the executive branch. The Prime Minister salary is always been an interesting fact to be known by everyone in the country. Every 5 years, the President appoints the Prime Minister for the whole nation and this is a very big event.

A huge wave of elections is conducted inside the country and after many rounds in each state, a political party gets a chance to rule the government who is the head of state, and is typically the leader of the political party or coalition that has the most seats in the Lok Sabha (the lower house of the Indian Parliament). In this article you will find details of the Prime Minister’s salary, examining the various components and their respective salary.