The central government has announced a 24% increase in the salaries, allowances, and pensions of current and former Members of Parliament (MPs), effective from April 1, 2023. According to the notification issued by the Ministry of Parliamentary Affairs on Monday, MPs' monthly salary will rise from ₹1 lakh to ₹1.24 lakh, along with an increase in their daily allowances and pension benefits. 

The daily allowance for sitting MPs has been increased from ₹2,000 to ₹2,500. Former MPs will now receive a monthly pension of ₹31,000, which was previously ₹25,000. Additionally, for every extra year of service beyond five years, the additional pension has been raised from ₹2,000 to ₹2,500 per month. The revision was made under the ‘Salary, Allowances and Pension of Members of Parliament Act’ and is linked to the Cost Inflation Index mentioned in the Income Tax Act of 1961.

This is the first time MP salaries and allowances have been revised since 2018. In the last revision, MPs received a base salary of ₹1,00,000 per month, along with a ₹70,000 constituency allowance to manage office expenses and interact with voters. Members of Parliament (MPs) get extra benefits, including a yearly allowance for phone and internet use. They also receive 34 free domestic flights each year for themselves and their families, unlimited first-class train travel, and a mileage allowance for road travel.

They receive 50,000 units of free electricity, 4,000 kilolitres of water every year, and government housing in New Delhi. If they choose not to live in government housing, they can get a housing allowance instead.