The proposal will be forwarded to the Union Cabinet for its approval soon.
At present, the President gets Rs 1.50 lakh per month, the Vice-President Rs 1.25 lakh and Governor of a state Rs 1.10 lakh.
After the implementation of the 7th Pay Commission's awards, the Cabinet Secretary, who is the top-most bureaucrat in the country, gets Rs 2.5 lakh per month and a Secretary in the Union government draws Rs 2.25 lakh per month.
After the Cabinet gives its nod, Bills to this effect will be tabled in Parliament for passage.
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Salaries of the President, Vice-President and Governors were last hiked in 2008 when the Parliament had approved a three-fold increase.
Till 2008, the President's salary was Rs 50,000, the Vice-President's Rs 40,000 and a Governor's Rs 36,000.
In addition, proposals are also expected to be moved for raising the pensions of former Presidents, spouses of deceased Presidents, former Vice-Presidents, spouses of deceased Vice-President and former Governors.