Prime Minister of India
| Prime Minister of India Bhārat kē Pradhānamantrī |
|---|
| Inaugural holder | Jawaharlal Nehru (1947–64) |
| Formation | 15 August 1947 |
| Deputy | Vacant, Deputy Prime Minister of India |
| Salary | ₹20 lakh (US$28,000) (annual, including ₹960,000 (US$13,000) MP's salary) |
Members. —Any Member of the Legislative Assembly dies the family of such Member shall be entitled to receive a family pension of Rs. 10,000/- per month.
Compensation. Since 2001, the president's annual salary has been $400,000, along with a: $50,000 expense allowance; $100,000 nontaxable travel account, and $19,000 entertainment account.
The starting
salary of CA fresher is at an average of 7 lakh per annum whereas
CA with experience of more than 10 years is paid more than 20 lakh per annum.
CA Salary in India: On Basis of Experience.
| Year of experience | CA Salary per annum (Avg) |
|---|
| 0-5 | 7 lakhs |
| 5-10 | 12 lakhs |
| 10-20 | 20 lakhs |
| Above 20 | 50-70 lakhs |
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. The Centre spends Rs 2.7 lakh on an MP a month. According to PTI, MPs' salaries will be hiked to Rs 1 lakh from Rs 50,000 from April.
The member is elected by the people of that particular constituency and represents those people in the legislative assembly and debates on issues related to his or her constituency. The MLA's position is like an MP, but the difference is only that MLA is in the state level and the MP is in the national level.
The Prime Minister of India will be drawing a monthly salary of Rs. 1.6 lakh. His basic salary will be Rs 50,000, with a sumptuary allowance of Rs. 3,000, a daily allowance of Rs.
A member is entitled to a salary of Rs. 5000 per month.
List
| Position in the Indian order of precedence | Post | Salary per month (Basic Pay) |
|---|
| 1 | President | ₹500,000 (US$7,000) |
| 2 | Vice-President | ₹400,000 (US$5,600) |
| 3 | Prime Minister | ₹160,000 (US$2,200) (salary received as a Member of Parliament in Lok Sabha or Rajya Sabha) |
| 4 | Governors of States | ₹350,000 (US$4,900) |
Similarly, salary received by a person as MP or MLA is taxable as "Income from other sources"., but if a person receives salary as Minister of State/Central Government, the same shall be charged to tax under the head "Salaries".
Prime Minister of Pakistan
| Prime Minister of the Islamic Republic of Pakistan |
|---|
| Inaugural holder | Liaquat Ali Khan (1947–1951) |
| Formation | 14 August 1947 |
| Deputy | Vacant, Deputy Prime Minister of Pakistan |
| Salary | ₨16 lakh (US$11,000), annual. |
List
| Position in the Indian order of precedence | Post | Salary per month (Basic Pay) |
|---|
| 3 | Prime Minister | ₹160,000 (US$2,200) (salary received as a Member of Parliament in Lok Sabha or Rajya Sabha) |
| 4 | Governors of States | ₹350,000 (US$4,900) |
| 6 | Chief Justice of India | ₹280,000 (US$3,900) |
| 9 | Judges of Supreme Court of India | ₹250,000 (US$3,500) |
Yes the salaries received by MPs and MLAs are taxable in India and only salaries and not the other payments. The salaries of MPs are taxable under the head "Income from other Sources" and not Income under the head Salaries. Any constituency allowance granted to MLS and MLC are fully exempt from income tax.
The Legislative Council is the upper house in the State. Just like the Rajya Sabha it is a permanent House. Only Andhra Pradesh, Bihar, Jammu and Kashmir, Karnataka, Maharashtra, Telangana, and Uttar Pradesh have their upper houses in existence with 6 year term, J&K also has 6 year term lower house.
Chief ministers
| State | CM Salary per month |
|---|
| Delhi | ₹130,000 (US$1,800) |
| Uttar Pradesh | ₹365,000 (US$5,100) |
| Maharashtra | ₹340,000 (US$4,800) |
| Andhra Pradesh | ₹335,000 (US$4,700) |
One of the most important roles of an MLA is to make Laws, or Legislation. MLAs debate bills at Plenary Meetings in the Assembly Chamber and vote on whether or not to pass them. These meetings are chaired by the Speaker. They also work in small teams, or Committees, to examine the Bills in detail.
WHAT IS MLA LAD? Member of Legislative Assembly Local Area Development is a scheme that enables each MLA to undertake small developmental works in his/her constituency through the allocated funds of Rs. 2 crore per year. Under this scheme, funds will be provided in the State's Plan Budget every year.
Chief ministers
| State | CM Salary per month |
|---|
| Delhi | ₹390,000 (US$5,500) |
| Uttar Pradesh | ₹365,000 (US$5,100) |
| Maharashtra | ₹340,000 (US$4,800) |
| Andhra Pradesh | ₹335,000 (US$4,700) |
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.
Yes the salaries received by MPs and MLAs are taxable in India and only salaries and not the other payments. The salaries of MPs are taxable under the head "Income from other Sources" and not Income under the head Salaries. Any constituency allowance granted to MLS and MLC are fully exempt from income tax.
Top 10 Highest Paying Government Jobs in India
- Indian Foreign Services. Indian foreign Services officers are selected through Civil Services exams conducted by the UPSC.
- IAS and IPS. IAS and IPS are the most sought-after government jobs in our country.
- Defense Services.
- Scientists/Engineers in ISRO, DRDO.
- RBI Grade B.
- PSU.
- Indian Forest Services.
- State Service Commissions.
No person can become a member of the Legislative Assembly or the Legislative Council of any state, unless the individual is a voter from any constituency of the state. The MLA's position is like an MP, but the difference is only that MLA is in the state level and the MP is in the national level.
There are currently 543 constituencies. The maximum size of the Lok Sabha as outlined in the Constitution of India is 550 members made up of up to 530 members representing people of the states of India and up to 20 members representing people from the Union Territories on the basis of their population.
MPs will normally receive a pension of either 1/40th or 1/50th of their final pensionable salary for each year of pensionable service depending on the contribution rate they will have chosen. Members who made contributions of 13.75% of their salary gain an accrual rate of 1/40th.
- Chartered Accountant. Salary: The average earning of a CA in India is INR 348,180 to INR 1,915,971 per year.
- Software Engineer. Salary: INR 204,653 to INR 998,269 per annum.
- App Developer. Salary: INR 244,092 to INR 1,270,564 per year.
- Pilot.
- Doctor.
- Cricket Player.
- Actor.
- Fashion Designer.
An individual who is not a member of the legislature can be considered as the chief minister provided he/she gets himself/herself elected to the State Legislature within six months from the date of their appointment. Failing which, he/she would cease to be the chief minister.
Congressmen don't reap their annual salary for life. They do receive generous retirement benefits though. By federal law, senators and representatives cannot earn their full salary in retirement. The most a congressman can earn after the leave office is 80% of their final salary.
By Article 164 of the constitution of India, remuneration of the chief minister as well as other ministers are to be decided by the respective state legislatures. Until the legislature of the state decides salary, it shall be as specified in the second schedule. The salaries thus vary from state to state.
Whether Pension Income of Ex-MLA or Ex-MP is taxable and if it is taxable under which head it is to be taxed? Opinion by thetaxtalk –Section 10(17) of the Income Tax Act, 1961 (Act) provides exemption to Members of Parliament and State legislators in respect of their daily allowances in entirety.
A total of 276 Members had retired with service under FERS and were receiving an average annual pension of $41,076 in 2016.
As per the Salary and Allowances of Members of Parliament Act, a former MP is entitled to a minimum pension of Rs 20,000 per month and an additional pension of Rs 1,500 per month for every year served as member of either Houses for a period exceeding five years.
