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Section142
The Finance Act, 2018

Amendment of section 3

In force Act 13 of 2018 As on 05 Oct 2026

Act 13 of 2018 Ministry Finance

Section 142 of the Finance Act, 2018 deals with amendment of section 3. Amendment of section 3 142. In the Salary, Allowances and Pension of Members of Parliament Act, 1954 (30 of 1954) (hereafter referred to as the principal Act in this Part), section 3 shall be numbered as sub-section (1) thereof,— (i) | in sub-section (1) as so renumbered, for the words "fifty thousa

Amendment of section 3

142. In the Salary, Allowances and Pension of Members of Parliament Act, 1954 (30 of 1954) (hereafter referred to as the principal Act in this Part), section 3 shall be numbered as sub-section (1) thereof,—

(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 provided under clause (v) of Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961).".
Section 142, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 3 Amendment of section 2
  2. Income-tax Act s. 48 Mode of computation

Questions about Section 142

What does Section 142 of the Finance Act deal with?

Section 142 of the Finance Act is headed "Amendment of section 3". Amendment of section 3 142. In the Salary, Allowances and Pension of Members of Parliament Act, 1954 (30 of 1954) (hereafter referred to as the principal Act in this Part), section 3 shall be numbered as sub-section (1) thereof,— (i) | in sub-section (1) as so renumbered, for the words "fifty thousa

How do I find court cases under Section 142 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2018 142, section 142 Finance Act 2018, section 142 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 142 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), Income-tax Act 48 (Mode of computation), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.