(1) The salary and allowances of Chairperson and Vice-Chairperson of a village (Dweep) panchayat and of a President-cum-Chief Counsellor and Vice- President-cum-Counsellor of the district panchayat shall be such as tho Administrato may with the approval of the President by order determine.
(2) Every member of a panchayat other than the Chairperson, Vice-Chairperson of a village (Dweep) panchayat and President-cum-Chief counsellor and Vice-President-cum-Counsellor of district panchayat shall be entitled to receive, such sitting fee and allowances as may be prescribed.
Acconntg<
56. Every panchayat shall maintain accounts of its income and expenditure in such form as may be prescribed and shall be balanced annually on the 1st day of April every year.
Annual estimate of income and expenditure.