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IOCL Salary for Trade Apprentice, Engineers, Officers Pay Scale in Hand

IOCL Salary

IOCL Salary Structure for Trade Apprentice, Engineers, and Officers is well defined on this page. Here on this page you will get IOCL Pay Scale in Hand details and Salary after 7th CPC of Indian Oil Corporation limited.

Indian Oil Corporation limited being the commercial enterprises in India having strong workforce of 30,000. In the year 2016, Indian Oil Corporation was listed in prestigious “Global 500” at 161st position.

Indian Oil Corporation Limited Salaries In India

Remuneration of the Officers of the Company is governed by the guidelines of the Department of Public Enterprises, Government of India. The pay scales of officers are of Industrial DA pattern.

Candidates who are planning to apply for IOCL Recruitment and are looking for IOCL Salary they will get it by going through below section of this page which is well created by the team of recruitmentresult.com.

Get Here Details Of: IOCL Recruitment

IOCL Salary

IOCL grade pay is different as per the position of the employee; we have given Indian Oil Corporation Ltd basic pay scale along with post wise pay scale. The salary hike will be in between 30% to 40% that will be merged in the basic pay.

Designation Pay Scale (in Rs.)
Asst. Officer / EngineerRs.20600-46500/-
Officer / EngineerRs.24900-50500/-
Sr. Officer / Sr. Engr. / Asst. ManagerRs.29100-54500/-
Deputy ManagerRs.32900-58000/-
ManagerRs.36600-62000/-
Senior ManagerRs.43200-66000/-
Chief ManagerRs.51300-73000/-
Dy. General ManagerRs.51300-73000/-
General ManagerRs.51300-73000/-
Executive DirectorRs.62000-80000/-
DirectorRs.75000-100000/-
ChairmanRs.80000-125000/-

 Get Here: IOCL Recruitment through GATE

Remunerations of workmen are fixed through negotiations with Workmen’s Union subject to the overall guidelines of Department of Public Enterprises, Government of India

Grades Pay Scale (in Rs.)
I10500-24500
II10600-26500
III10800-29000
IV11900-32000
V12800-35000
VI13800-38500
VII14800-40500
VIII16000-43700
IX20000-49200
I10500-24500
II10800 -29000
II10800-29000
III11900-32000
IV12800-35000
V13800-38500
VI16000 -43700
VI16000-43700
VII20000-49200

IOCL Salary for Freshers

Salary ComponentAmount (in Rs)
Basic pay24900
DA ( 126.9% of Basic pay as on 01.01.2018)31598
Perks (50% of Basic pay)12450
HRA (For metro cities)7470
EPF (12% of Basic pay plus DA)6780
Total Gross Salary in Rs83198

You Can Also Check: IOCL Placement Papers

IOCL Salary After 7th Pay Commission

Below table will give you idea about the Indian Oil Corporation Limited salary after the 7th pay commission. Please have a look..!

ParticularsAverage Salary
Production OperatorRs. 353,833/-
Mechanical EngineerRs. 663,806/-
Sales OfficerRs 707,445/-
Finance ManagerRs 930,165/-
Information Technology (IT) ManagerRs 875,456/-
Sr. Human Resources (HR) ManagerRs 1,926,485/-
Production EngineerRs 1,196,665/-

Check Here: Latest PSU Jobs

IOCL Allowances & Perks

Dearness Allowance:

Employees of the IOCL are paid DA as a percentage of their basic pay in accordance to All India Consumer Price Index (AICPI). The DA is revised quarterly and its current rate is 121% of basic pay.

House Rent Allowance:

IOCL Employee also gets the HRA which is depending on the place of the posting. Please have a look at below table.

City ClassPopulationHRA
X5 million and above30% of Basic Pay
Y0.5 million to 5 million20% of Basic Pay
ZLess than 0.5 million10% of Basic Pay

Check Also: IOCL Scholarship

Employee of the IOCL will also receive the shift facility other than the IOCL salary. In the shift allowances you can get the rates as per your shift either morning or evening. The rates for this allowance are given below.

City ClassPopulationHRA
X5 million and above30% of Basic Pay
Y0.5 million to 5 million20% of Basic Pay
ZLess than 0.5 million10% of Basic Pay

At IOCL, there’s no shortage of allowances – the list is so large that it can make a whole new article. However, at any time the maximum amount of allowances that one receives can’t exceed 44% of Basic Pay.

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We hope that you are satisfied with the details of IOCL Salary for Trade Apprentice, Engineers, Officers provided on this page. If you have any query or doubts related to this post, then you may type your comment in below comment box. Our experts will soon solve your queries.

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