how much deposit should i need to pay to contest as MLA or MP? what are the terms?

Answer :Rupees Five Thousand is to be deposited contesting an Assembly election. The terms and conditions are stated well in this website: http://www.indian-elections.com/electionfaqs/contesting-for-elections.html It also clears all the quarries and doubts pertaining to election. One must check out this link to gather more information.