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
|
Category
|
Salary
|
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
|
Amount
|
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:
Particulars
|
Annual Average Salary
|
Electrical Engineer
|
Rs. 3.5 lakh –Rs. 5 Lakh
|
Engineer
|
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:
Particulars
|
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..!!
Particulars
|
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
|
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
|
Check More Related
Links:
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.
Final Words:
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