The Speaker is the Lok Sabha's presiding officer. At the first sitting of the new Lok Sabha, he is elected by the members of the parliament. Furthermore, the house elects the Deputy Speaker, who assumes the Speaker's duties during his absence or leave.

If the Speaker or Deputy Speaker leaves the Lok Sabha, they must relinquish their positions. They can also leave their positions by resigning. If a majority of the members vote in favour of it, the Speaker and Deputy Speaker can be removed from office before the end of their terms. It should be emphasised that when the house is debating a motion to remove the Speaker from this office, he does not preside over the house meetings. The same is true for the Deputy Speaker.

However, no resolution to remove the Speaker or Deputy Speaker may be introduced unless at least 14 days notice of the intention to introduce such a resolution is given. Similarly, if the Lok Sabha's tenure is prolonged beyond 5 years, the Speaker's term is automatically extended. Even if the Lok Sabha is dissolved at the end of its usual term, the Speaker remains in office until the first meeting of the Lok Sabha after the dissolution. The Speaker has the right to speak and participate in the operations of the house, but he or she must vote unless there is a tie.

The Speaker and Deputy Speaker of the Lok Sabha are entitled to a sitting allowance as well as the constituency allowance, as are other members of Parliament. They are also entitled to a sumptuary allowance. They are excluded from paying taxes on the rental value of the furnished houses that are provided to them. They are also entitled to medical and transportation services. The wages and allowances of the Speaker and Deputy Speaker are charged to the Indian Consolidated Fund and are not subject to a vote in Parliament.