Following the outbreak of COVID-19 in India, a lot has changed. 

It isnât just limited to the lockdown that is restricting people from stepping out of their homes and going about their daily lives, but has also taught an entire generation the craft of transitioning seamlessly into a virtual workspace, and master the art of survival during times of crisis.

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But since there are two sides to every coin, this time, it means a lot of companies shutting shop temporarily, people getting laid off and salary deductions. And this recession hasnât even spared the likes of our Prime Minister, President, Vice-President, and a host of Members of Parliament (MP).

Hereâs The Deal

Recently, the central government announced that President Ram Nath Kovind, PM Narendra Modi, Vice-President Venkaiah Naidu, Union Ministers and MPs will take a pay cut of 30 per cent for the financial year of 2020-21, in order to make contributions to the Consolidated Fund of India (CFI) which will aid the country in fighting COVID-19.

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Given this development, we let curiosity get the better of us and decided to do some digging. A simple Google search revealed the approximate basic pays of all those involved, and upon carrying out some quick mathematical calculations we figured out how much basic salary the President, Vice-President, Prime Minister, Governors of State and MPs will be taking home for the next 12 months, post their pay cut. 

So, here goes:

1. Salary Of President Kovind Post Pay Cut

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President Kovindâs approximate Basic Pay per month is Rs 5,00,000.

Amount to be deducted from President Kovindâs salary after 30% pay cut is Rs 1,50,000.

Therefore, excluding other allowances and benefits, President Kovindâs basic take-home pay for the next 12 months will be Rs 3,50,000.

President Kovindâs Basic Salary Per Month After Pay Cut - Rs 3,50,000.

2. Salary Of Vice-President Naidu Post Pay Cut

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Vice-President Naiduâs approximate basic pay per month is Rs 4,00,000.

Amount to be deducted from Vice-President Naiduâs salary after 30% pay cut, is Rs 1,20,000.

Therefore, excluding other allowances and benefits, Vice-President Naiduâs basic take-home pay for the next 12 months will be Rs 2,80,000.

Vice-President Naiduâs Basic Salary Per Month After Pay Cut - Rs 2,80,000.

3. Salary Of PM Modi Post Pay Cut

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PM Modiâs approximate basic pay per month is Rs 2,00,000.

Amount to be deducted from PM Modiâs salary after 30% pay cut is Rs 60,000.

Therefore, excluding other allowances and benefits, PM Modiâs basic take-home pay for the next 12 months will be Rs 1,40,000. 

PM Modiâs Basic Salary Per Month After Pay Cut - Rs 1,40,000.

4. Salary Of State Governors Post Pay Cut

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State Governorsâ approximate basic pay per month is Rs 3,50,000.

Amount to be deducted from the State Governorsâ salary after 30% pay cut is Rs 1,05,000.

Therefore, excluding their other allowances and benefits, State Governorsâ basic take-home pay for the next 12 months will be Rs 2,45,000.

State Governorsâ Basic Salary Per Month After Pay Cut - Rs 2,45,000.

5. Salary Of Members Of Parliament (MPs) Post Pay Cut

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An MPâs approximate basic pay per month is Rs 1,00,000.

Amount to be deducted from an MPâs salary after 30% pay cut is Rs 30,000.

Therefore, excluding other allowances and benefits, an MPâs basic take-home pay for the next 12 months will be Rs 70,000.

An MPâs Basic Salary Per Month After Pay Cut - Rs 70,000.

Final Contributions To Fight COVID-19

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Now, given these monthly reductions for the next 12 months, here is how much money the President, Vice-President, Prime Minister, State Governors and MPs will be contributing to the Consolidated Fund of India (CFI) to help fight the Coronavirus pandemic:

President Kovindâs Contribution to the CFI In 1-Year = Rs 29,40,000

Vice-President Naiduâs Contribution to the CFI In 1-Year = Rs 14,40,000

PM Modiâs Contribution to the CFI In 1-Year = Rs 7,20,000

State Governorsâ Contribution to the CFI In 1-Year = Rs 12,60,000

An MPâs Contribution to the CFI In 1-Year = Rs 3,60,000

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