The Government of India has notified a 24% hike in the pay of Members of Parliament (MPs), increasing their monthly salary from ₹1,00,000 to ₹1,24,000. The move, made by the Ministry of Parliamentary Affairs, also covers hikes in daily allowances and pensions for existing and retired MPs.

Amended Benefits for MPs:
• Salary: Monthly salary raised from ₹1,00,000 to ₹1,24,000.
• Daily Allowance: Increased from ₹2,000 to ₹2,500.
•Former MPs Pension: Increased from ₹25,000 per month to ₹31,000 per month.
•Additional Pension: For each year of service beyond five years, the additional pension has increased from ₹2,000 a month to ₹2,500 a month.
 

They are adjusted by means of the Salary, Allowances and Pension of Members of Parliament Act, according to the Cost Inflation Index defined under the Income Tax Act, 1961.

This is after the recent approval by Karnataka's government of a 100% rise in salary for its chief minister, ministers, and MLAs. The Chief Minister's monthly salary will double to ₹1.5 lakh from ₹75,000, while ministers' pay will go up from ₹60,000 to ₹1.25 lakh in the Karnataka Ministers' Salaries and Allowances (Amendment) Bill.

The timing of these salary increases has triggered arguments on budgetary priorities and the expenditure of public funds.