Salary of the President of IndiaADVERTISEMENT
The President of India is the head of state of the Republic of India, he is the also the head of the executive, legislature and judiciary of India. Beside these powers the president is also the Commander in Chief of the Indian defence forces. All the executive decisions of the union is taken in the name of the President and he should be informed about the affairs of the union. The President acts only on the advice by the cabinet and he is the person who has the final say on the decision. The President of Indian is the supreme of the state and every politician ideate the post of President. Currently President of India is Pranab Mukherji, he is the 13th President of India and was elected on 22nd July, 2012 and sworn in as President on 25 July, 2012. He is also the first Bengali to hold the post of President of India. The President of India resides in an estate in New Delhi known as Rashtrapati Bhavan which is locate on the Raisina Hill in the heart of the city. It is also the largest Presidential Palace in the world.
Emolument of the President
There has been a subtle increase in the salary of the President of India. It started with Rs. 10,000 as per the constitution of India and the amount was increased to Rs. 50,000 in the year 1998, which gradually saw a hike after ten year and in the year 2008 the salary of the President was increased to Rs. 1.5 Lakhs per month. The salary paid to the President of India is the optimum salary that is paid to any government employee. Apart from the salary the Government of India also looks after everything that the President does or wants with an annual expenditure of Rs. 22.5 Crore. Keeping apart the salary and the annual expenditure there are lots of other perks that the President of India enjoys which are more worth than the salary that he gets. The salary of the President of India is also tax free. The President of India moves around in a custom built heavily armored Mercedes Benz S600 Pullman Guard which costs around Rs. 12 Crore.
Retiring president’s pension
According to the emolument and pension act 1951, the president of Indian is entitled to get fifty percent of the emolument of the President after he retires. Apart from the pension he also gets some other perks like furnished residence including its maintenance without payment of license fee, secretarial staff consisting of a Private Secretary and a Peon and office expenses as per actuals, the total expenditure on which shall not exceed twelve thousand rupees per annum, a telephone and a motor-car, free of charge or such car allowance for the remainder of his life and can travel anywhere in India, in a calendar year to twelve single journeys, by the highest class, by air, rail or steamer, accompanied by a companion or a relative.