<Tr> <Th> Date established </Th> <Th> Salary in 1998 </Th> <Th> Salary in 2008 </Th> </Tr> <Tr> <Td> 30 December 2008 </Td> <Td> ₹ 50,000 (US $780) </Td> <Td> ₹ 1.5 lakh (US $2,300) </Td> </Tr> <Tr> <Td_colspan="3"> Sources: </Td> </Tr> <P> The President of India used to receive ₹ 10,000 (US $200) per month per the Second Schedule of the Constitution . This amount was increased to ₹ 50,000 (US $800) in 1998 . On 11 September 2008 the Government of India increased the salary of the President to ₹ 1.5 lakh (US $2,300). However, almost everything that the President does or wants to do is taken care of by the annual ₹ 225 million (US $3.5 million) budget that the Government allots for his or her upkeep . Rashtrapati Bhavan, the President's official residence, is the largest Presidential Palace in the world . The Rashtrapati Nilayam at Bolarum, Hyderabad and Retreat Building at Chharabra, Shimla are the official Retreat Residences of the President of India . The official state car of the President is a custom - built heavily armoured Mercedes Benz S600 (W221) Pullman Guard . </P>

Is the president required to take the advice of the cabinet