IOCL or Indian Oil Corporation Limited, Oil and Gas Company is the biggest PSU or Public Sector undertaking belonging to the Government of India. The gross salary of IOCL employees is INR 60,000 - 1,80,000/-. However, the salary varies depending on the posts. There are several allowances such as DA, HRA, TA, MA etc.
Applicants can also check IOCL Salary through Gate, IOCL Salary In Hand, IOCL Fresher Salary, IOCL Job Salary, IOCL Salaries, and Indian Oil Pay Scale from underneath the segment of this page.
IOCL grade pay is various as per the situation of the worker. The PayScale of IOCL climb will be in the middle of 30% to 40% that will be converged in the fundamental compensation.
|Salary Components||Amount (INR)|
|Pay Scale||60,000 – 1,80,000|
|Total Gross Salary||1,25,948|
The in-hand salary of the Indian Oil Corporation Limited officer differs between 60,000 per month to 55,000 per month without any extra perks. Though if we enhance perks to this. Then it will be worth much more than this.
|Designation||Level||Pay Scale (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||Director||1,80,000 – 3,40,000|
|Chairman||Chairman||2,00,000 – 3,70,000|
Indian Oil Corporation Limited will not only receive a great salary but also receive the best amount of benefits and allowances which will also give to the newly recruited executive of the company as provided below.
Workers of the Indian Oil Corporation Limited are paid Dearness Allowances of their basic pay by AICPI or All India Consumer Price Tax Index. The DA is studied quarterly and its present rate is 121% of basic pay.
IOCL workers also get HRA or House Rent Allowance, which is based largely on the place of their posting. For the reason of this allowance IOCL has classed Indian town into three classes like X, Y and Z. this distribution of HRA in this town is as follows:
|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|
Nonetheless, House Rent Allowance is not paid to workers when IOCL given accommodation is available in the city.
For workers who work in rotating shifts, there are rules and regulation of a shift allowance in IOCL. Their rates for this allowance are provided below.
|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|
All workers will also be included under the Centre's new pension plan and health insurance plan, which will give great security to them and their families post-retirement.
Indian Oil Corporation Limited workers can avail allowances and perks up to 44 per cent of their basic pay. But, when basic pay will be growth after the merging of Dearness allowances ceiling of allowances will also be elevated.
Indian Oil Corporation is limited to being the commercial enterprise in India having a best and strong workforce of 30,000. In the year 2021, Indian Oil Corporation was recorded in lofty "Worldwide 500" at 161st position.
Ques: What is the Full Form for IOCL?
Ans:Indian Oil Corporation Limited or IOCL is a Maharatan company to know more detail you can go to the official website.
Ques: How can I achieve a job in IOCL through GATE?
Ans:IOCL comportments of the officers depending on the GATE scores of the students. You will have to apply for this recruitment to be considered.
Ques: What is the salary of Officers chosen through IOCL recruitment through GATE?
Ans:The Starting salary of the Students is INR. 60,000/-per month. The overall CTC is INR 17 Lakhs.
*The article might have information for the previous academic years, please refer the official website of the exam.