Telegram GroupIOCL Salary
Indian Oil Corporation Limited is known as IOCL. This Oil and Gas Company is the biggest PSU or Public Sector undertaking belonging to the Government of India. The gross IOCL Salary 2023 is INR 60,000 – 1, 80,000/- offered to IOCL employees.
But, the IOCL Pay Scale in Hand after 7th CPC varies depending on the posts. Check the IOCL Trade Apprentice, Engineers, Officers Pay Scale from this article.
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. Candidates can also check IOCL Salary Through Gate, IOCL Salary In Hand, IOCL Fresher Salary, IOCL Job Salary, IOCL Salaries, Indian Oil Pay Scale from below section of this page.
IOCL 2023 Highlights:
| Particulars | Details |
| IOCL Full Form | Indian Oil Corporation Limited |
| Name of Organization | Indian Oil Corporation Limited |
| Type of Job | Central Government Job |
| Mode of Application | Online |
| Location of Job | All Over India |
| Name of Job | Several |
| Vacant Posts | Technical and Non-Technical Apprentice |
| Mode of Application | Online |
| Mode of Exam | Online |
| Official Website | iocl.com/ |
IOCL Salary Structure 2023
IOCL Salary Post Wise:
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 Pay Scale of IOCL hike will be in between 30% to 40% that will be merged in the basic pay.
IOCL Pay Scale 2023:
| Designation | Level | Indian oil corporation Salaries in India (INR) |
| Assistant Officer | A0 | 50,000 – 1,60,000 |
| Officer | A | 60,000 – 1,80,000 |
| Assistant Manager | B | 70,000 – 2,00,000 |
| Deputy Manager | C | 80,000 – 2,20,000 |
| Manager | D | 90,000 – 2,40,000 |
| Senior Manager | E | 1,00,000 – 2,60,00 |
| Chief Manager | F | 1,20,000 – 2,80,000 |
| Dy. General Manager | G | 1,20,000 – 2,80,000 |
| General Manager | H | 1,20,000 – 2,80,000 |
| Executive Director | I | 1,50,000 – 3,00,000 |
| Director | – | 1,80,000 – 3,40,000 |
| Chairman | – | 2,00,000 – 3,70,000 |
Indian Oil Salaries:
| Post Name | Avg. Total Pay |
| Assistant Manager | ₹ 14,09,210/yr |
| Operations Officer | ₹ 13,41,590/yr |
| Engineering Officer | ₹ 89,808/mo |
| Officer Grade A | ₹ 82,592/mo |
| Production Engineer | ₹ 82,267/mo |
| Sales Officer | ₹ 91,674/mo |
| IOCL Engineer Salary | ₹ 8,97,590/yr |
| Manager | ₹ 17,62,956/yr |
| Officer | ₹ 76,719/mo |
| ISO | ₹ 11,49,271/yr |
| Project Engineer | ₹ 77,514/mo |
| Mechanical Engineer | ₹ 82,429/mo |
| Deputy Manager | ₹ 21,28,927/yr |
| Assistant Manager (Retail Sales) | ₹ 12,68,655/yr |
| Management Trainee | ₹ 66,557/mo |
| Operations and Maintenance Engineer | ₹ 92,369/mo |
| General Manager | ₹ 2,50,342/mo |
| Process Engineer | ₹ 76,164/mo |
| Electrical Engineer | ₹ 74,246/mo |
| IOCL Officer | ₹ 60,000/mo |
IOCL Allowances and Benefits:
- Medical Allowances
- Location Allowances
- Telephone Allowances
- Mining Allowances
- Post-retirement facility plan Allowances
- Performance Allowances
- Conveyance Maintenance Allowance
- Superannuation Benefits Allowance
- Composite Social Security plan as per company guidelines
House Rent Allowance
| City | Population | HRA |
| X | 5 Million and more | 30% of basic pay |
| Y | 0.5 million to 5 million | 20% of basic pay |
| Z | Less than 0.5 million | 10% of basic pay |
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 Class | Population | HRA |
| X | 5 million and above | 30% of Basic Pay |
| Y | 0.5 million to 5 million | 20% of Basic Pay |
| Z | Less than 0.5 million | 10% 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.
Check Here: Latest Recruitment
Shift Allowance
| Category | Evening and Morning shift | Night Shift |
| Officers (Grade C and Above) | INR. 100 per shift | INR. shift150 per |
| Officers (Grade A & B) | INR. 80 per shift | INR. 130 per shift |
| Workmen | INR. 65 per shift | INR. 105 per shift |
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.
IOCL Salary in India
As Per Grade:
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 | Indian Oil Salary Structure (in Rs.) |
| I | 10500-24500 |
| II | 10600-26500 |
| III | 10800-29000 |
| IV | 11900-32000 |
| V | 12800-35000 |
| VI | 13800-38500 |
| VII | 14800-40500 |
| VIII | 16000-43700 |
| IX | 20000-49200 |
| I | 10500-24500 |
| II | 10800 -29000 |
| II | 10800-29000 |
| III | 11900-32000 |
| IV | 12800-35000 |
| V | 13800-38500 |
| VI | 16000 -43700 |
| VI | 16000-43700 |
| VII | 20000-49200 |
Check Also: Latest Jobs Openings For Freshers
IOCL Salary For Freshers:
| IOCL Officer Salary Component | IOCL Pay Scale Structure (in Rs) |
| Basic pay | 24900 |
| DA ( 126.9% of Basic pay) | 31598 |
| Perks (50% of Basic pay) | 12450 |
| HRA (For metro cities) | 7470 |
| EPF (12% of Basic pay plus DA) | 6780 |
| Total Gross Salary in Rs | 83198 |
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..!
| Particulars | Indian Oil Employees Salary |
| Production Operator | Rs. 353,833/- |
| Mechanical Engineer | Rs. 663,806/- |
| Sales Officer | Rs 707,445/- |
| Finance Manager | Rs 930,165/- |
| Information Technology (IT) Manager | Rs 875,456/- |
| Sr. Human Resources (HR) Manager | Rs 1,926,485/- |
| Production Engineer | Rs 1,196,665/- |
Important Links Related to IOCL:
| IOCL Admit Card | Check Here |
| IOCL Scholarship | Check Here |
| IOCL Syllabus | Check Here |
| IOCL Results | Check Here |
| IOCL Recruitment | Check Here |
IOCL Salary FAQ’s
Question1. What is the in-hand salary of an IOCL officer after 3 PRC?
Gross Salary= Basic pay+ DA+ Cafeteria+ HRA
Basic Pay= Rs.60,000
DA= 0 assuming. Or it will be 1,2%
Cafeteria = 33% or 33.5% of BP in salary =around Rs.20,000
Gross without HRA = Rs.80,000
HRA (24, 16, 8% of BP): class x it will be Rs.14,400 ; class Y= Rs.9600 ; class Z= Rs.3600
So Max Gross with HRA for Class X city= Rs.94,400
Deductions:
PF= 12% of BP+DA= ₹ 7200
Tax= it depends on your gross salary. Assuming you saved 1.5L complete under 80C, then Rs.6000 to Rs.9000. 6000 for without HRA and 9000 for with HRA. It will be more for 48hr locations
SABF= 2%of BP+DA= Rs.1200
Others (Tatkal sahayata and officers contri) = Rs.1000
Total deductions= Rs.16000 to Rs.19000
Bank Transfer pay= Rs.64,000 to Rs.75,000. This is predicted one. It depends on Income Tax deductions.
Check Here: Best Career Opportunities
Question2. What are other benefits of being an IOCL Employee?
| Spectacle allowance | INR 8000 per year. |
| Conveyance | INR 2,870 for 2 Wheeler, around INR 7000 for 4 wheeler per month. |
| Mobile | INR 15,000 once in 3yrs. |
| Laptop | INR 50,000 once in 3yrs. |
| Telephone expense | INR 15,000 per year. |
| Loan on subsidised interest | INR 5lakhs for car. INR 40lakh for home. (for Grade-A and varies for other Grades) |
| Furniture allowance | INR 1,30,000 for 6 years. |
| Furniture maintenance | INR 18,000 per year. |
| Laptop maintenance | INR 9,000 per year. |
Question3. What is the starting package in IOCL after the GATE?
IOCL In Hand Salary Through GATE: 57–58 k in hand
Allowances : (As I am working here, I think I am eligible to answer this question )
| Spectacles | 8000 (Yearly) |
| Laptop | 50000 (once in 3 years ) |
| Mobile | 15000 (once in 2 years ) |
| Furniture | 130000 (every 6 years ) |
| Whenever you travel for some other place officially, you will reimburse 2AC fare and 1350 (dearness allowance) per day. | |
| 18 percent maintenance charges for laptop and your furniture.(Every year) | |
| DTH | 4000 (Only once ) |
| Scientific Casio | 2500 |
| 48 hrs duty( 6 days per week ) | Extra 16,000 per every quarter |
| Working on Sunday’s | you will get Meals allwonace of 1250 & extra compensatory leave will be generate |
Press Here for IOCL Official Website
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 Basic Pay they will get it by going through below section of this page which is well created by the team of recruitmentresult.com.
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