| Constitutional Provision | Article 110 | Article 117 |
| Introduced by | Introduced only by a minister | Introduced either by a minister or by a private member |
| Approval of President | Requires prior recommendation before introduction Exemption- Amendments related to reduction or abolition of any tax | No prior recommendation of the President is required |
| Introduction | Only in Lok Sabha | Finance I bills are introduced in Lok Sabha while Finance II bills can be introduced in any of the two houses |
| Rajya Sabha | Rajya Sabha cannot amend or reject, it should return the bill with or without recommendations which may be accepted or rejected by the Lok Sabha | Rajya Sabha can amend it |
| Time period for Rajya Sabha | Can be detained by the Rajya Sabha for a maximum period of 14 days only. | Can be detained by the for a maximum period of 6 months. |
| Speaker's endorsement | Requires the certification of Speaker | Doesn't require Speaker's certification |
| Joint sitting | No provision for joint sitting | Has a provision for joint sitting of Lok Sabha and Rajya Sabha |
| President's assent | He/She can either give assent or withhold it but cannot return the bill | He/She can give assent, return the bill or either withhold the bill |