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- This decision was formally notified on March 24, 2025, and aims to account for inflation and align with the Cost Inflation Index under the Income Tax Act.
- Daily Allowance: Raised from ₹2,000 to ₹2,500 per day for attending Parliament sessions and committee meetings.
- Pension Increase: Monthly pension for former MPs increased from ₹25,000 to ₹31,000.
- Additional Pension: For each year of service beyond five years, the additional pension rose from ₹2,000 to ₹2,500 per month.
- Constituency Allowance: Increased from ₹70,000 to ₹87,000 per month.
- Office Expenses: Revised from ₹60,000 to ₹75,000 per month.
- Basis of Adjustment: The hike is linked to the Cost Inflation Index under the Income-tax Act, 1961, as per a system established in 2018 for automatic revisions every five years.
Question:
Q.1 As per the recent government notification, what is the revised daily allowance for Members of Parliament (MPs) for attending Parliament sessions and committee meetings?a) ₹2,500 per day
b) ₹2,000 per day
c) ₹3,000 per day
d) ₹3,500 per day
Answer: a): The daily allowance for MPs has been increased from ₹2,000 to ₹2,500 per day, effective April 1, 2023. This revision is part of the overall salary and pension adjustments to account for inflation.