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Union Government
There shall be paid to the Chairman and Deputy Chairman of the Council of States, and to the Speaker and Deputy Speaker of the House of the People, such salaries and allowances as Parliament may fix by law, and until so fixed, as specified in the Second Schedule.
This simply establishes that these four presiding officers are paid salaries fixed by Parliament, with the Second Schedule providing a fallback amount if Parliament hasn't separately legislated on it.
Parliament periodically updates a dedicated law - the Salaries and Allowances of Officers of Parliament Act - which sets the actual pay for the Speaker, Deputy Speaker, Chairman and Deputy Chairman as this article contemplates.