Does Indian president pay income tax?

What is the salary of Indian President?

Salary of the government officials in India

Position in the Indian order of precedence Post Salary per month (Basic Pay)
1 President ₹500,000 (US$7,000)
2 Vice President ₹400,000 (US$5,600)
3 Prime Minister ₹280,000 (US$3,900)(+ salary received as a Member of Parliament in Lok Sabha or Rajya Sabha)
4 Governors ₹350,000 (US$4,900)

Who are exempted from income tax in India?

INCOME TAX EXEMPTION LIMIT

Income General Senior Citizens (between 60 and 80 years)
Up to Rs 2,50,000 lakh Nil Nil
Rs 2,50,001–Rs 3,00,000 5% NIL
Rs 3,00,001–Rs 5,00,000 5% 5%
Rs 5,00,001–Rs 10,00,000 20% 20%

Who is the president of India?

What is US President salary?

President of the United States

President of the United States of America
Formation June 21, 1788
First holder George Washington
Salary $400,000 annually
Website www.whitehouse.gov

What is the salary of MP?

Member of Parliament, Lok Sabha

Member of Parliament
Constituting instrument Article 81 of Constitution of India
Formation 26 January 1950
First holder 17 April 1952
Salary ₹200,833 (US$2,800) (excl. allowances)

Which state pays highest tax in India?

381. with figures in crore of Indian Rupees.

List of states and union territories of India by tax revenues.

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Rank State Tax Revenues (INR Billions) 2014-2019
India 30331
1 Maharashtra 4518
2 Andhra Pradesh and Telangana 3234
3 Uttar Pradesh 2964

What is tax exemption example?

Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items. Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios.

Who is the president List of India?

Who is powerful PM or president in India?

The president of India is the head of state and the commander-in-chief of the Indian Armed Forces whilst the elected prime minister acts as the head of the executive, and is responsible for running the Union government.

Contradictory India