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IOCL Salary | After 7th Pay Commission (Engineer/Apprentice/ Manager) Pay Scale


IOCL Salary

Candidates who want to do job in Indian Oil Corporation Ltd must have knowledge about the IOCL Salary. We have provided pay scale for the post of Engineer/Apprentice and Manager etc.

Candidates can also check the IOCL pay scale after 7th pay commission from this page. IOCL is a public sector Undertaking (PSU) connect to government of India that provides various facilities other than salary.

Organization Name
Indian Oil Corporation Ltd
Post Name
Engineer/Apprentice/ Manager

IOCL Pay Scale:

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.

Get the complete details about the IOCL Salary through this page which is created by team member of www.privatejobshub.in.

IOCL Salary

IOCL Salary for freshers:

Salary Component
Basic pay
Rs. 24900/-
DA ( 126.9% of Basic pay as on 01.01.2018)
Rs. 31598/-
Perks (50% of Basic pay)
Rs. 12450/-
HRA (For metro cities)
Rs. 7470/-
EPF (12% of Basic pay plus DA)
Rs. 6780/-
Total Gross Salary in Rs
Rs. 83198/-

Get Details About: IOCL Recruitment

Average Salary Packages Of IT Professionals Working For Indian Oil:

Annual Average Salary
Electrical Engineer
Rs. 3.5 lakh –Rs. 5 Lakh
Rs. 7.5 Lakh- Rs. 9.5 Lakh
Mechanical Engineer
Rs. 6.5 Lakh – Rs. 10 Lakh
Operations & Maintenance Engineer
Rs. 8.2 Lakh – Rs. 11 Lakh
Production Engineer
Rs. 8.1 Lakh – Rs. 10 Lakh
Senior Process Engineer
Rs. 6 Lakh – Rs. 9.5 Lakh

Average Salary Packages Of Operations And Other Department:

Average Annual Salary
Assistant Manager
Rs. 8 Lakh – 10 Lakh
Deputy Manager
Rs. 6 Lakh – Rs. 25 Lakh
Officers Grade A
Rs. 5 lakh – Rs. 9 Lakh
Operations Officer
Rs. 7 Lakh – Rs. 11 Lakh

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..!!

Average 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/-

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 Class
5 million and above
30% of Basic Pay
0.5 million to 5 million
20% of Basic Pay
Less than 0.5 million
10% of Basic Pay

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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
5 million and above
30% of Basic Pay
0.5 million to 5 million
20% of Basic Pay
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.

Final Words:

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