Over the course of 2015, India paid 176 crore (equivalent to 226 crore in 2020) in wages and expenditures to its 543 Lok Sabha members, or little over 2.7 lakh (equivalent to 3.5 lakh in 2020) per month each Member of Parliament, including pensions to dependents of ex-MPs. The Members of Parliament Act, 1954 governs the salaries, allowances, and pensions of Lok Sabha members.