Election Commission will announce schedule of Presidential election this evening which is due later this month. The term of President Pranab Mukherjee is expiring in July. <br/><br/>Earlier, Mr Mukherjee had indicated that he is not in the race for a second term in office. The President is elected by members of both houses of parliament and those of state legislatures. No President except Dr Rajendra Prasad has had a second term.