Blatter was suspended for 90 days by FIFA on October 8 and then banned from the game for eight years last month.
The 79-year-old was banned for ethics violations over a $2 million payment FIFA made to European football boss Michel Platini with Blatter's approval in 2011.
But it was revealed by Reuters that Blatter, a Swiss national who has been president of FIFA since 1998, will continue to be paid until a new president is elected on February 26.
That means Blatter would have been paid for nearly five months during which time he was unable to carry out his duties, and a period in which FIFA has appointed an acting president, African soccer head Issa Hayatou.
The compensation sub-committee of FIFA's Audit and Compliance Committee recently ruled that it could stop Blatter's bonuses but not, according to his contract, his salary.
Spokesman Andreas Bantel told Reuters: "Until the election of a new president on February 26, Mr Blatter is the elected president and therefore - according to his contract - is entitled to receive his remuneration."
Blatter's US lawyer and his Switzerland-based spokesman have yet to comment.
FIFA is facing the worst corruption crisis in its history as a total of 41 individuals and entities, including many former FIFA officials, have been charged with corruption-related offences in the United States.
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