The figure is 25 per cent less than disgraced predecessor Sepp Blatter received, FIFA said in a statement.

The Compensation Sub-Committee, led by Tomaz Vesel, also revealed secretary general Fatma Samoura will earn CHF1.3 million (£1 million/$1.3 million/€1.2 million) a year in her role.

Infantino, who avoided sanctions from the Ethics Committee earlier this month following his expense claims, will also be entitled to "a car and lodging free of charge during term of office and contribution for expenses in accordance with FIFA’s expenses regulations" as part of his bonus package.

Neither the Swiss nor his second-in-command will be given bonuses in 2016, however, "because the Sub-Committee members, the President and the Secretary General believe that FIFA’s current compensation policy is inadequate and open to malfunction and misuse".

It comes after FIFA announced back in June that three former members of the top brass within the organisation - Blatter, Jérôme Valcke and Markus Kattner - awarded themselves bonuses and pay rises totalling $80 million (£61 million/€72 million) over a five-year period.

The announcement from FIFA marks the end of what was a protracted saga involving Infantino's salary, which had threatened to undermine his tenure in charge of the governing body.

A "comprehensive review of FIFA’s compensation policy" will be undertaken in the coming months, according to the Compensation Sub Committee.

"Given the earlier misunderstandings and misrepresentations concerning this process and my compensation, I am pleased that this matter is now resolved and that I have a signed, valid employment contract," Infantino said. 

"I am satisfied that the framework of the talks I had with the Compensation Sub-Committee were transparent and open-minded.

"Further, the financial elements of the contract reflect more than any word can my strong will to end the types of behaviour that, in the recent past, have led to abuses. 

"Today’s announcement demonstrates the importance that FIFA’s new leadership places on transparency and good governance.

"I am particularly happy that the Compensation Sub-Committee will be reviewing the current compensation policy and developing a new and improved policy. 

"I am determined that abuses of the system will not happen under my Presidency.”

Under reforms designed to haul FIFA out of the mire, Infantino was expected to earn less than his secretary general, though this was divised by former Compensation Committee head Domenico Scala.

Scala, who also led the Audit and Compliance Committee, severed his ties with the governing body following a public fallout after the Congress in Mexico City in May, with the Swiss-Italian quitting in protest at a regulation passed by the Member Associations which granted the ruling Council the power to sack heads of its Independent Committees.

His resignation is thought to be behind the long delay in the confirmation of Infantino's remuneration.

The FIFA President had come under fire earlier this year following claims he dismissed a potential salary offer of $2 million (£1.5 million/€1.8 million) per year as “insulting”.

"Historic shortcomings demonstrate that the present policy is inadequate," Vesel said. 

"We will be reviewing the policy with an eye towards developing a new draft that is in keeping with the organisation’s commitment to good governance and transparency, one that will seek to prevent excessive payments as unfortunately happened in the past. 

"As part of this review, we are carefully examining all payments made to previous FIFA management.”