According to the Second Schedule of the Indian Constitution, the President of India used to receive a monthly salary of ₹10,000. This amount was increased to ₹50,000 in 1998. On September 11, 2008, the Indian government increased the Presidents salary to ₹1.5 lakh. In Indias 2018 Union budget, this compensation was further increased to ₹5 lakh. Therefore, as of October 2023, the monthly salary of the President of India is ₹5 lakh. In addition to the salary, the President is entitled to various allowances and benefits.