Government has increased Salaries, Allowances, and Pensions for MPs, Check New Salary of Member of Parliament
New Salary of Member of Parliament: The Ministry of Parliamentary Affairs has announced an increase in the salary, daily allowance, pension, and additional pension for Members and Ex-Members of Parliament (MPs). This revision, which comes into effect from April 1, 2023, has been implemented to adjust for inflation and the rising cost of living.
The official notification (G.S.R. 188(E)) was issued under the powers conferred by the Salary, Allowances, and Pension of Members of Parliament Act, 1954. The Central Government has made these changes based on the Cost Inflation Index specified in the Income-tax Act, 1961.
The government has made significant adjustments in four key areas: monthly salary, daily allowance, pension for former MPs, and additional pension for those who have served beyond five years. Below is a detailed comparison of the existing and revised amounts:
| S. No. | Head | Existing Rate (₹) (w.e.f. 1.4.2018) | Revised Rate (₹) (w.e.f. 1.4.2023) |
|---|---|---|---|
| 1. | Salary | ₹1,00,000 per month | ₹1,24,000 per month |
| 2. | Daily Allowance | ₹2,000 | ₹2,500 |
| 3. | Pension (for former MPs) | ₹25,000 per month | ₹31,000 per month |
| 4. | Additional Pension (for every extra year of service beyond five years) | ₹2,000 per month | ₹2,500 per month |
Key Highlights of the Salary Revision for Member of Parliament (MP)
- Increase in Monthly Salary: The basic salary of MPs has been raised by ₹24,000, taking it from ₹1,00,000 to ₹1,24,000 per month. This marks a 24% increase in their monthly earnings.
- Higher Daily Allowance: MPs receive a daily allowance when attending Parliament sessions. This amount has been increased from ₹2,000 to ₹2,500 per day.
- Pension Hike for Former MPs: The government has revised the monthly pension for ex-MPs from ₹25,000 to ₹31,000, ensuring better financial support for former parliamentarians.
- Additional Pension for Long-Term MPs: Those who have served in Parliament for more than five years will now receive ₹2,500 per month for each additional year of service, instead of the earlier ₹2,000 per month.
Why Was This Increase Approved?
The revision in salaries and allowances is primarily aimed at addressing the impact of inflation and rising living costs. The last increase in MPs’ salaries was implemented in 2018, and since then, the cost of living has significantly risen. The new adjustments ensure that MPs’ remuneration remains fair and competitive.
Additionally, the increase in pensions and additional pension benefits is intended to support former MPs, many of whom do not have alternative income sources after leaving office.
This salary revision has been officially approved by the government and notified by the Ministry of Parliamentary Affairs. The notification was issued under file number 4/3/2022-ME and was signed by Dr. Satya Prakash, Additional Secretary, Ministry of Parliamentary Affairs.
The revised salaries and benefits will come into effect from April 1, 2023, ensuring that both current and former MPs receive the updated financial benefits.
