Constitution of India, 1949
59. Conditions of President’s office.-
(1) The President shall not be a member of
either House of Parliament or of a House of the Legislature of any State, and
if a member of either House of Parliament or of a House of the Legislature of
any State be elected President, he shall be deemed to have vacated his seat in
that House on the date on which he enters upon his office as President.
(2) The President shall not hold any other
office of profit.
(3) The President shall be entitled without payment
of rent to the use of his official residences and shall be also entitled to
such emoluments, allowances and privileges as may be determined by Parliament
by law and, until provision in that behalf is so made, such emoluments,
allowances and privileges as are specified in the Second Schedule.
(4) The emoluments and allowances of the
President shall to be diminished during his term of office.