Prime Minister of India Salary 2024 – Perks and Benefits

The Prime Minister of India receives an annual salary of 19,20,000 INR along with a monthly salary of 1,60,000 INR. The total salary of the PM of India includes a basic pay of 50,000 INR along with various allowances, perks, and benefits. In this article, we have explained the Prime Minister Of India Salary, perks, and benefits in detail.

Prime Minister of India Salary

The Prime Minister of India is known to be the highest-ranked political minister of the nation, serving as the head of government and leader of the executive branch. The Prime Minister salary is always been an interesting fact to be known by everyone in the country. Every 5 years, the President appoints the Prime Minister for the whole nation and this is a very big event.

A huge wave of elections is conducted inside the country and after many rounds in each state, a political party gets a chance to rule the government who is the head of state, and is typically the leader of the political party or coalition that has the most seats in the Lok Sabha (the lower house of the Indian Parliament). In this article you will find details of the Prime Minister’s salary, examining the various components and their respective salary.

Prime Minister of India Salary in 2024

The Prime Minister of India does not get a regular paycheck like most people. Instead, they receive a set amount of money each month to cover their living expenses. This money is called an allowance.

The Prime Minister’s basic allowance is ₹50,000 per month. They also get an additional ₹6,000 per month for office and household expenses. As a member of Parliament, the Prime Minister gets an extra ₹3,000 per month. And if they are away from their official home for work, they get a daily allowance of ₹3,000.

The Prime Minister’s pay and benefits show how important the job is and how much work it takes to do it. It might not be the most money in the world, but it’s enough to help the Prime Minister do their job and live well.

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Prime Minister Salary of India: Additional Benefits and Perks

Apart from the monthly allowances, the Prime Minister of India enjoys a range of additional benefits and perks. These include:

Free Accommodation

• The Prime Minister receives an official residence free of rent or other housing costs.
• The residence is located at 7, Race Course Road in New Delhi.
• The residence is known as “7, RCR.”
• The residence serves as the official home of the Prime Minister and their family.
• The residence provides a comfortable and secure environment for the Prime Minister to live and work.

Security Detail

• The Prime Minister’s high-profile position necessitates stringent security measures to ensure their safety.
• A dedicated security detail, composed of trained and experienced personnel, is assigned to protect the Prime Minister at all times.
• This security detail safeguards the Prime Minister from potential threats, both at home and during official engagements.
• The security detail’s tireless efforts maintain a safe and secure environment for the Prime Minister.

Travel Facilities

• The Prime Minister has access to a fleet of government vehicles and aircraft to facilitate their travel requirements.
• This includes luxury cars for road travel, helicopters for shorter trips, and specially equipped aircraft for long-distance travel.
• These transportation options ensure that the Prime Minister can efficiently and conveniently fulfill their travel requirements, whether attending meetings in different states or representing India on the international stage.

Medical Facilities:

• Prime Minister and family have access to comprehensive medical care at government facilities.
• Preventive checkups are provided to maintain their health.
• Specialized treatments are available for specific needs.
• Emergency care is accessible in case of unforeseen situations.
• High-quality medical services are provided to ensure well-being.

Pension:

• Prime Ministers receive a pension upon retirement based on their years of service.
• This pension provides a steady stream of income to support the Prime Minister’s financial needs in their post-retirement years.
• The pension recognizes the Prime Minister’s contributions to the nation and ensures their financial security.

Intangible perks

• Social prestige
• International recognition
• The opportunity to make a significant impact on the lives of millions of Indians.

Eligibility to Become the Prime Minister of India

To be eligible to become the Prime Minister of India, one must meet the following criteria:

• Be a citizen of India.
• Be a member of either the Lok Sabha or the Rajya Sabha, the two houses of the Indian Parliament.
• Be above 25 years of age if a member of the Lok Sabha, or 30 years of age if a member of the Rajya Sabha.
• Not hold any office of profit under the Government of India or any state government.

The Prime Minister is appointed by the President of India, but the appointee must be able to command the confidence of the majority of the Lok Sabha. In practice, this means that the Prime Minister is usually the leader of the political party that has won the most seats in the Lok Sabha in the most recent general election.

The Prime Minister is the head of the government of India and is responsible for leading the country’s executive branch. The Prime Minister also chairs the Union Council of Ministers, which is the highest executive body of the Government of India.

Prime Minister Salary of India: Roles and Responsibilities

The Prime Minister of India holds a position of immense power and responsibility, serving as the head of the government and the leader of the executive branch. Their duties encompass a wide range of functions. Here are the 10 Roles and responsibilities of Prime Minister of India.

• Head of Government: As the head of government, the Prime Minister is responsible for overseeing the overall functioning of the executive branch and ensuring that government policies are implemented effectively. This involves coordinating the activities of various ministries and departments, ensuring that they work in harmony towards common goals.

• Leader of the Cabinet: The Prime Minister chairs the Cabinet, the highest executive body of the government, which is composed of senior ministers responsible for different portfolios. The Prime Minister guides the Cabinet’s decision-making process, ensuring that it aligns with the government’s agenda and policies.

• Chief Spokesperson of the Government: The Prime Minister is the primary spokesperson for the government, both domestically and internationally. They are responsible for articulating the government’s policies, defending its decisions, and representing India at international forums.

• Formulator of Government Policies: The Prime Minister plays a crucial role in formulating and implementing government policies across various sectors, including economic, social, foreign, and defense policies. They work closely with Cabinet ministers and other experts to develop strategies and plans for achieving the government’s objectives.

• Appointment of Key Officials: The Prime Minister has the authority to recommend appointments to key positions, including the Chief Justice of India, Judges of the Supreme Court, Governors of States, and Chief Election Commissioner. These appointments play a significant role in upholding the independence and impartiality of various institutions.

• Representation of India Abroad: The Prime Minister represents India at international summits, conferences, and bilateral meetings. They engage with foreign leaders, negotiate agreements, and promote India’s interests on the global stage.

• Crisis Management: In times of national crises, such as natural disasters, terrorist attacks, or economic turmoil, the Prime Minister assumes a leadership role in coordinating the government’s response and ensuring public safety and well-being.

• Upholding Constitutional Values: The Prime Minister is sworn to uphold the Constitution of India and ensure that the government functions in accordance with its principles. They are responsible for safeguarding fundamental rights, promoting democracy, and maintaining the rule of law.

• Accountability to Parliament: The Prime Minister is accountable to the Parliament, particularly the Lok Sabha, the lower house of parliament. They are regularly questioned by Members of Parliament regarding government policies and decisions.

• Visionary Leadership: The Prime Minister provides vision and direction for the country, setting long-term goals and inspiring the nation to strive for progress and development.

Prime Minister of India Salary – FAQs

What is salary of PM in India in 2024?

The current salary of the Prime Minister of India is approximately ₹1.6 lakh per month. This includes a basic salary of ₹50,000, a sumptuary allowance of ₹3,000, a daily allowance of ₹62,000, and an MP allowance of ₹45,000. However, it is important to note that the Prime Minister has voluntarily taken a 30% pay cut, which reduces their monthly salary to approximately ₹1,12,000.

In addition to their salary, the Prime Minister also receives a number of allowances and benefits.

What is the salary of CM?

The salary of a Chief Minister (CM) in India varies from state to state. As of 2023, the CM salary per month in India ranges from ₹1,25,000 to ₹4,00,000. The salary is determined by the state government and is based on a number of factors, including the state’s financial situation, the cost of living in the state, and the CM’s experience and qualifications.

In addition to their salary, CMs are also entitled to a number of allowances, such as a house allowance, travel allowance, and telephone allowance. These allowances vary from state to state.

Who gives Prime Minister salary?

The salary of the Prime Minister of India is funded by the Government of India. The specific amount is determined by the Parliament of India and is specified in the Prime Minister’s Salary, Allowances, and Pension Act, 1954. The salary is paid directly to the Prime Minister from the Consolidated Fund of India, which is a central government account that receives revenue from various sources, including taxes.

Does Prime Minister pay tax?

Yes, the Prime Minister of India is subject to income tax just like any other citizen of India. Their salary, allowances, and other income are taxable under the provisions of the Income Tax Act, 1961. The Prime Minister is required to file an annual income tax return, disclosing their income and paying any applicable taxes.

What is the pension of ministers in India?

The Act entitles every MP to a pension of Rs 8,000 per month. If an MP has served more than five years, he shall be entitled to Rs 800 extra for every year he has served after the first five years. The Bill amends this amount of pension to Rs 20,000 and the extra entitlement to Rs 1,500.