Salary and pension indexation: regular increases every five years based on the Cost Inflation Index, altering member remuneration and allowances.

The Bill increases parliamentary salaries, pensions and additional pension amounts and inserts a provision directing that salary, daily allowance, pension and additional pension be increased after every five years commencing from 1 April 2023 on the basis of the Cost Inflation Index under the Income-tax Act, 1961.

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