Which of the following is not true regarding the payment of the emoluments of the President?

The President of India is entitled to such emoluments, allowances, and Privileges as the time to time determined by the Parliament. These are presented in a separate budget for upkeep of President and charged upon Consolidated Fund of India. As the name suggests, the Contingency Fund of India is an account maintained for meeting expenses during any unforeseen emergencies. Established under Article 267(1) of the Indian Constitution, the fund is maintained by the ministry of finance on behalf of the President of India.