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
(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 not be diminished during
his term of office.