Members of either House of Parliament are entitled to receive such salaries and allowances as may be determined by Parliament, and there is no provision of pension in the Constitution. However, Parliament has provided pension to the members.
In 1954, the Parliament enacted the Salaries, Allowances and Pension of Members of Parliament Act. In 2010, the Parliament increased the salary of members from ^16,000 to ^50,000 per month, the constituency allowance from t20,000 to t45,000 per month, the daily allowance from 11,000 to t2,000 (for each day of residence on duty) and office expenses allowance from t 20,000 to ?45,000 per month.
From 1976, the members are also entitled to a pension on a graduated scale for each five-year-term as members of either House of Parliament. Besides, they are provided with travelling facilities, free accommodation, telephone, vehicle advance, medical facilities and so on.
The salaries and allowances of the Speaker of Lok Sabha and the Chairman of Rajya Sabha are also determined by Parliament. They are charged on the Consolidated Fund of India and thus are not subject to the annual vote of Parliament.
In 1953, the Parliament enacted the Salaries and Allowances of Officers of Parliament Act. Under this Act (as amended), the salary of the Chairman of Rajya Sabha has been fixed at ^1.25 lakh per month. Similarly, other Officers of Parliament (i.e., the Speaker and the Deputy Speaker of the Lok Sabha and the Deputy Chairman of the Rajya Sabha) are entitled to receive a salary per month at the same rates as are payable to the Members of Parliament9b Further, each Officer of Parliament (including the Chairman of the Rajya Sabha) is entitled to receive a daily allowance (for each day during the whole of his term) at the same rates as is payable to the Members of Parliament9c Also, each Officer of Parliament (other than the Chairman of the Rajya Sabha) is entitled to receive a constituency allowance at the same rate as is payable to the Members of Parliament.9d
According to the same Act, the sumptuary allowance is paid to the Speaker of the Lok Sabha at the same rate as is payable to a Cabinet Minister (i.e., t 2,000 per month). Likewise, the sumptuary allowance is paid to the Deputy Speaker of the Lok Sabha and the Deputy Chairman of the Rajya Sabha at the same rate as is payable to a Minister of State9f (i.e., dOOO per month).
Presiding Officers of Parliament
Each House of Parliament has its own presiding officer. There is a Speaker and a Deputy Speaker for the Lok Sabha and a Chairman and a Deputy Chairman for the Rajya Sabha. A panel of chairpersons for the Lok Sabha and a panel of vice-chairpersons for the Rajya Sabha is also appointed.