Government has enhanced Pay and Allowances of Member of Parliament.
The Joint Committee of the houses of parliament after consultation with the Central Government has notified the increase in the Constituency Allowance for Members of Parliament with effect from the 1st April, 2023 on the basis of Cost Inflation Index provided under clause (v) of Explanation to section 48 of the Income-tax Act, 1961.
The existing and revised allowances with retrospective effect are as under:
|
S. No. |
Head |
Existing Rate with effect from 1st April, 2018 |
Revised Rate with effect from 1st April, 2023 |
|
1. |
Constituency Allowance |
Rs. 70000/- p.m. |
Rs. 87000/- p.m. |
|
2. |
Office Expense Allowance (i) Computer Literate Person (ii) Stationary items |
Rs. 40000/- p.m. Rs. 20000/- p.m. |
Rs. 50000/- p.m. Rs. 25000/- p.m. |
|
3. |
Monetary Ceiling for Furniture (one time during tenure) (i) Durable (ii) Non-durable |
Rs. 80000/- p.m. Rs. 20000/- p.m. |
Rs. 100000/- p.m. Rs. 25000/- p.m. |
Thus, total increase comes to Rs. 57000/- p.m. or Rs. 684000/- annually.
Download Notification Click Here >>
Income Tax Rules 2026 notified by CBDT. CBDT has issued Notification No. 22/2026 dated 20.03.2026 to notify the Income-tax Rules,…
Absence of an explicit irrevocability clause in trust deed no ground for rejecting application for registration or renewal under section…
ITAT allowed increased exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees in view of CBDT retrospective notification. In…
PCIT has revisionary jurisdiction u/s 263 over the cases irrespective of the fact that the relevant assessment was completed physical…
Appellate court interfering with Motor Accidents Claims Tribunal findings on assessment of disability and loss of earning capacity must undertake…
When period of delay is not very huge and involve huge monetary liability on the assessee, a lenient approach should…