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<h1>Presidential Powers and Limitations: Eligibility, Residency, and Compensation Defined Under Constitutional Framework</h1> The statutory provisions outline the conditions of the President's office in India. The President cannot be a member of Parliament or state legislature, and if elected, must vacate their legislative seat. They are prohibited from holding any other profit-generating office. The President receives official residence without rent and is entitled to emoluments, allowances, and privileges as determined by Parliament, with guaranteed compensation that cannot be reduced during their term.