https://www.taxtmi.com/news?id=38395 The government, invoking powers under the Salary, Allowances and Pension of Members of Parliament Act and using the Cost Inflation Index specified in the Income Tax Act, has implemented an automatic index based revision of MPs' remuneration and related entitlements: raising monthly salary to the notified level, increasing daily sitting allowances, increasing pension and additional per year pension accruals for former members, and elevating constituency and office expense allowances along with higher furniture purchase caps while preserving accommodation and reimbursement provisions. en-us Mon, 24 Mar 2025 19:31:03 +0530 Mon, 24 Mar 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38395 The government, invoking powers under the Salary, Allowances and Pension of Members of Parliament Act and using the Cost Inflation Index specified in the Income Tax Act, has implemented an automatic index based revision of MPs' remuneration and related entitlements: raising monthly salary to the notified level, increasing daily sitting allowances, increasing pension and additional per year pension accruals for former members, and elevating constituency and office expense allowances along with higher furniture purchase caps while preserving accommodation and reimbursement provisions. News - Mon, 24 Mar 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=38395