President Salary From Consolidated Fund Of India
Revenues received by the government and expenses made by it are part of the. All government expenditure is made from this fund except exceptional items which are met from the Contingency Fund or the Public Account.
The Math Behind President Kovind S Tax Outgo
Its corpus is Rs.
President salary from consolidated fund of india. Provision for this fund is made in Article 2671 of the Constitution of India. Debt charges of the government of India. Neither the Income Tax Act nor the Presidents Pension Act excludes the salary of the President from income tax.
Consolidated fund of India is the most important government account. The British Consolidated Fund Establishment. Consolidated fund this is right ans.
The provisions are laid down under this act. Peoples representatives like the President Vice-President Governors Prime Minister and MLAs decided to accept a 30 cut in their salaries which will go to the consolidated fund of India. Under this Act shall be charged on the Consolidated Fund of India.
It is in the nature of an imprest money maintained for a specific purpose. The present salary of the vice- president of india is 4 lakh and he or she is also paid daily allowances free accommodation medical allowances and travel allowances. Sum payable as a result of judgement decree or award of a court.
That means his salary was Rs 35 lakh since May to December 2020. Position in the Indian order of precedence Post Salary per month Basic Pay Other emoluments and allowances 1 President 500000 US7000 Other allowances fixed to the President. Correct option is.
President VP CAG etc are not employees and not attached to any Department of Govt Salaries of employees are debitable to expenditure account The post of President VP etc are not bound by Central Service Rules The remuneration of such peop. 2 Every rule made by the Central Government under this Act shall be laid as soon as may be after it is made before each. D Public Accounts Committee.
The Presidents salary is charged from the consolidated fund of India. THE PRESIDENTS 1EMOLUMENTS AND PENSION ACT 1951 30 OF 1951. A Consolidated Fund of India.
E National Fund Office. Moreover in 2017 the Presidents salary was increased from Rs 15 lakh a month to Rs 5 lakh per month. The British Consolidated Fund was so named as it consolidated together a number of existing accounts detailed below and facilitated proper parliamentary oversight of the spending of the executive.
Accordingly the President also has to pay income tax. The pension paid to him after retirement from office is 50 of his salary. The financial memorandum says this will be done under clause 115 of the finance bill by transfer of an additional amount of Rs 450 crore from the Consolidated Fund of India to the Contingency Fund of India.
Consolidated fund dContingency fund 2 See answers divyaprakash1281 divyaprakash1281 Answer. The Secretary of Finance Ministry holds this fund on behalf of the President of India. The vice presidents office is second highest government office in india so he is paid the salary and allowances in addition to pension.
Chief Election Commissioner draws hisher salary from _____. This fund is used to meet unexpected or. Importantly no money can be withdrawn from this fund without the Parliaments approval.
This rule also applies to any other employee in the country. In May 2020 during the first wave of the Covid pandemic President Ram Nath Kovind decided to forego 30 of his salary for the whole year. 2 Vice President 400000 US5600 Other allowances fixed to the Vice President.
B Public Account of India. 1 The Central government may by notification in the Official Gazette make rules for carrying out the purposes of this Act. It comes under the Presidents Emoluments Pension Act 1951.
Salary and allowances of the President. So yes it was sourced from consolidated fund. The Presidents salary is charged from the Consolidated Fund of India which is the kitty into which all tax and revenues of the government flow.
Debt charges of the government of India. The salary of the President of India is charged from the Consolidated Fund of India. Consolidated funddContingency fund arifullaarifs arifullaarifs 10022021 Social Sciences Secondary School answered The salary of the President of india is paid from.
Contingency Fund of India. However if the President surrenders his salary to the Consolidated Fund of India he does not have to pay tax on that income. It was defined as one fund into which shall flow every stream of public revenue and from which shall come the supply of every service.
C National Loans Fund.
Compensation System Wacker Chemie Ag
Salaries Of Legislators Pm Cms Ministers Mps Mlas India Indpaedia
From Which Fund Of India Does The Pm Get His Salary Quora
What S The Salary Of An Mla And Mp In India Quora
Pay And Perks Of Indian Mp Mla And Prime Minister
Top Leaders To Take Pay Cut What Is Pm President And Others Monthly Salaries
The Chase Files Salary Scales For Barbados Civil Servants From
President Mps Ministers Take A Pay Cut For 1 Year Say It Is A Message Latest News India Hindustan Times
Pin On Politics News
Salary Of Prime Minister President And Mp In India Before And After Paycut Business Insider India
What Is The Logic Behind The Judge Of High Court Paid Salary From State Consolidated Fund But Draws Pension From Consolidated Fund Of India Quora
What Is The Salary Of Pm And President Of India Ground Report
What Is The Indian President S Salary Quora
Salaries Of Legislators Pm Cms Ministers Mps Mlas India Indpaedia
From Prime Minister To The President These Are The Monthly Salaries Of These Indian Politicians Gq India
Consumer Protection Rules 2020 Salary Allowances And Conditions Of Service Of President And Members Of The Commission Central Govt Employees 7th Pay Commission Staff News
Bjp On Twitter Leading By Example Modi Government Has Approved Reduction Of Salaries Of The Pm Ministers All Mps By 30 For A Year The President Vice President All Governors
Pay And Perks Of Indian Mp Mla And Prime Minister
From Which Fund Of India Does The Pm Get His Salary Quora
Post a Comment for "President Salary From Consolidated Fund Of India"