|Finance Secretary of India|
T. V. Somanathan, IAS
since 29 April 2021
|Ministry of Finance|
|Residence||New Moti Bagh, New Delhi, India|
|Seat||Ministry of Finance|
North Block, Cabinet Secretariat
|Appointer||Appointments Committee of the Cabinet|
|Term length||Two years, term can be extended.|
|Salary||₹225,000 (US$2,800) monthly|
The Finance Secretary (pronounced [vit̪t̪ə səcivə]) is the administrative head of the Ministry of Finance. This post is held by senior IAS officer of the rank of Secretary to Government of India. T. V. Somanathan is the incumbent Finance Secretary.
As a Secretary to Government of India, the Finance Secretary ranks 23rd on Indian Order of Precedence.
Finance Secretary is the administrative head of the Ministry of Finance, and is the principal adviser to the Finance Minister on all matters of policy and administration within the Finance Ministry. The senior most Secretary among the five Secretaries of the five Departments of the Ministry of Finance, viz. Economic Affairs, Expenditure, Financial Services, Revenue and Investment & Public Assets Management of Ministry of Finance, is designated as Finance Secretary.
The role of Finance Secretary is as follows:
The Finance Secretary is eligible for a Diplomatic passport. The official earmarked residence of the Union Finance Secretary is 5, New Moti Bagh, New Delhi, a Type-VIII bungalow.
As the Finance Secretary is of the rank of Secretary to Government of India, his/her salary is equivalent to Chief Secretaries of State Governments and to Vice Chief of Army Staff/Commanders, in the rank of Lieutenant General and equivalent ranks in Indian Armed Forces.
|Base Salary as per 7th Pay Commission (Per month)||Pay Matrix Level||Sources|
|₹225,000 (US$2,800)||Pay Level 17|||