President's monthly salary to go up from â¹1.5 lakh to â¹5 lakh
While presenting the Union Budget 2018, Finance Minister Arun Jaitley on Thursday announced that the President's monthly salary will be increased to â¹5 lakh from the earlier â¹1.5 lakh. Further, the Vice President's monthly salary will be increased to â¹4 lakh from â¹1.25 lakh. The government has proposed a law to automatically revise MPs' salaries every 5 years.