The Union Government has announced a major appraisal for the Members of Parliament – the Lok Sabha and the Rajya Sabha, giving them a massive pay-hike of 24% on a pro-rata basis with effect from April 1, 2023. In an official announcement has notified the hike in salary, daily allowance, and pension of Members and former Members of Parliament.
The salaries of MPs will be revised from Rs 1,00,000 per month to Rs 1,24,000 per month.
The former Members of Parliament have also received a payout hike as their pension has been increased from Rs 25,000 to Rs 31,000.