What is the salary of President of India. And how much tax he pays? Listen from the President himself. President Ram Nath Kovind on Sunday got candid about his salary and how much tax he pays. Addressing a gathering in his native village Paraunkh in UP, the President said that he get Rs 5 lakh in salary, but pointed out that 2.75 lakh out of it goes into taxes. He pointed out that people only talk about the salary, and not about the taxes that are paid on it. On a lighter note, he said that many teachers have higher savings than the President of India.