IOCL Salary 2023- Read Trade Apprentice, Engineers, Officers Pay Scale in Hand
What is IOCL Salary 2023? 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 2023 Trade Apprentice, Engineers, Officers Pay Scale in Hand from here from here
In 2023, 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 2023 Highlights!
| IOCL Full Form | Indian Oil Corporation Limited |
| Name of Organization | Indian Oil Corporation Limited |
| Type of Job | Central Government Job |
| Mode of Application | Online |
| Location of Job | All Over India |
| Name of Job | Several |
| Vacant Posts | Technical and Non-Technical Apprentice |
| Mode of Application | Online |
| Mode of Exam | Online |
| Official Website | iocl.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 2023
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 2023:
| 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 | – | 1,80,000 – 3,40,000 |
| Chairman | – | 2,00,000 – 3,70,000 |
Indian Oil Salaries:
| Post Name | Avg. 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
| City | Population | HRA |
| 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 |
Shift Allowance
| 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 |
Dearness Allowance:
IOCL employees are paid DA as a percentage of their basic pay 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.
| Grades | Indian Oil Salary Structure (in Rs.) |
| I | 10500-24500 |
| II | 10600-26500 |
| III | 10800-29000 |
| IV | 11900-32000 |
| V | 12800-35000 |
| VI | 13800-38500 |
| VII | 14800-40500 |
| VIII | 16000-43700 |
| IX | 20000-49200 |
| I | 10500-24500 |
| II | 10800 -29000 |
| II | 10800-29000 |
| III | 11900-32000 |
| IV | 12800-35000 |
| V | 13800-38500 |
| VI | 16000 -43700 |
| VI | 16000-43700 |
| VII | 20000-49200 |
For Freshers:
| IOCL Officer Salary Component | IOCL Pay Scale Structure (in Rs) |
| Basic pay | 24900 |
| 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 Rs | 83198 |
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..!
| Particulars | Indian Oil Employees 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/- |
