IOCL Salary 2022- Trade Apprentice, Engineers, Officers Pay Scale in Hand

IOCL 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 2022 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 2022 Highlights:

IOCL Full FormIndian Oil Corporation Limited
Name of OrganizationIndian Oil Corporation Limited
Type of JobCentral Government Job
Mode of ApplicationOnline
Location of JobAll Over India
Name of JobSeveral
Vacant PostsTechnical and Non-Technical Apprentice
Mode of ApplicationOnline
Mode of ExamOnline

IOCL Salary Structure 2022

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 2022:

DesignationLevelIndian oil corporation Salaries in India (INR)
Assistant OfficerA050,000 – 1,60,000
OfficerA60,000 – 1,80,000
Assistant ManagerB70,000 – 2,00,000
Deputy ManagerC80,000 – 2,20,000
ManagerD90,000 – 2,40,000
Senior ManagerE1,00,000 – 2,60,00
Chief ManagerF1,20,000 – 2,80,000
Dy. General ManagerG1,20,000 – 2,80,000
General ManagerH1,20,000 – 2,80,000
Executive DirectorI1,50,000 – 3,00,000
Director1,80,000 – 3,40,000
Chairman2,00,000 – 3,70,000

Indian Oil Salaries:

Post NameAvg. 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

X5 Million and more30% of basic pay
Y0.5 million to 5 million20% of basic pay
ZLess than 0.5 million10% 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 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.

Check Here: Latest Recruitment

Shift Allowance

CategoryEvening and Morning shiftNight Shift
Officers (Grade C and Above)INR. 100 per shiftINR. shift150 per
Officers (Grade A & B)INR. 80 per shiftINR. 130 per shift
WorkmenINR. 65 per shiftINR. 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.)
II10800 -29000
VI16000 -43700

Check Also: Latest Jobs Openings For Freshers

IOCL Salary For Freshers:

IOCL Officer Salary ComponentIOCL Pay Scale Structure (in Rs)
Basic pay24900
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 Rs83198

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..!

ParticularsIndian Oil Employees 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/-

Important Links Related to IOCL:

IOCL Admit CardCheck Here
IOCL ScholarshipCheck Here
IOCL SyllabusCheck Here
IOCL ResultsCheck Here
IOCL RecruitmentCheck 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


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

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We hope that you are satisfied with the details of IOCL Trade Apprentice Salary, IOCL Assistant Manager Salary, Salary Of IOCL Officer, IOCL Grade A Officer Salary, IOCL JEA Salary After 7th Pay Commission, IOCL Executive Engineer Salary, IOCL Sales Officer Salary, IOCL Management Trainee Salary, Indian Oil Engineer Salary 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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