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

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What is IOCL Salary 2022? the Salaries of Indian Oil Corporation Limited (IOCL) employees vary according to the person’s designation and the location of the company’s headquarters. Engineers and managers are paid the highest salaries ranging from Rs. 60,000 to Rs. 80,000 per month. Get to know Read  IOCL Salary 2022 Trade Apprentice, Engineers, Officers Pay Scale in Hand from here from here

In 2022, the Indian Oil Corporation Limited (IOCL) is all set to announce the pay scale of its trade apprentice, engineers, officers. This will have been revealed to the candidates who have qualified for the written examination and appeared for the interview rounds. This information was revealed to the candidates who have qualified for the written examination and appeared for the interview rounds. The information was revealed to the candidates who have qualified for the written exam and are in the interview rounds.

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
Official Websiteiocl.com/

 About IOCL!

Indian Oil Corporation Limited (IOCL), also known as IOCL, is an Indian Oil and Gas Company. It is the largest Government-owned and administered Oil and Gas Company in India. This company was founded in 1959, and is headquartered in Delhi, India. It is a public sector undertaking, and the largest PSU or Public Sector Undertaking under the Ministry of Petroleum & Natural Gas, Government of India.

IOCL is an Indian state-owned oil and gas company headquartered in Mumbai, Maharashtra. It is the biggest PSU or Public Sector undertaking belonging to the Government of India. The company is engaged in the refining, marketing, and distribution of petroleum products in the Indian subcontinent.

 

IOCL Salary 2022

Post Wise:

IOCL Grade Pay varies according to the position of the employee; We have given the Indian Oil Corporation Limited the basic pay scale along with the post-wise pay scale. The pay scale of IOCL increment will be between 30% to 40% which will be merged with the basic pay.

IOCL Pay Scale 2022:

DesignationLevelPay Scale (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
Engineer₹ 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:

  • Telephone Allowances
  • Mining Allowances
  • Post-retirement facility plan Allowances
  • Performance Allowances
  • Medical Allowances
  • Location Allowances
  • Conveyance Maintenance Allowance
  • Composite Social Security plan as per company guidelines
  • Superannuation Benefits Allowance

 

House Rent Allowance

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

 

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:

IOCL employees are paid DA as a percentage of their basic pay as per the All India Consumer Price Index (AICPI). DA is revised quarterly and its present rate is 121% of Basic Pay.

As Per Grade:

The remuneration of the workers is decided through negotiations with the workers’ union, subject to the overall guidelines of the Department of Public Enterprises, Government of India.

GradesIndian Oil Salary Structure (in Rs.)
I10500-24500
II10600-26500
III10800-29000
IV11900-32000
V12800-35000
VI13800-38500
VII14800-40500
VIII16000-43700
IX20000-49200
I10500-24500
II10800 -29000
II10800-29000
III11900-32000
IV12800-35000
V13800-38500
VI16000 -43700
VI16000-43700
VII20000-49200

 

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

After 7th Pay Commission:

The below table will give you an 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/-

 

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