Amendment of section 3

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ,- (i) in sub-section (1) as so renumbered, for the words fifty thousand rupees , the words one lakh rupees shall be substituted; (ii) after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:- (2) The salary and daily allowance of members shall be increased after every five years commencing from 1st April, 2023 on the basis of Cost Inflation Index p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the aforesaid Act relates to travelling allowances. It is proposed to omit clause ( a ) of the said section which relates to reimbursement of one first class rail fare plus one second class fare in respect of journey performed by the member in any class. It is further proposed to amend clause ( b ) of the aforesaid section, so as to reimburse one air fare for journey by air. It is also propose .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... use ( v ) of section 48 of the Income-tax Act, 1961. Section 8AC of the aforesaid Act relates to family pension. The said section has been inserted with effect from 15th September, 2006 by the Salary, Allowances and Pension of Members of Parliament (Amendment) Act, 2006. It is proposed to amend sub-section ( 2 ) of the aforesaid section so as to remove the reference of 2006 amendment Act to rem .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X