Engineering Jobs   »   IOCL Recruitment 2024   »   IOCL Salary Structure 2023

IOCL Salary Structure 2023, Pay Scale, Perks and Allowances

IOCL Salary Structure 2023: Indian Oil Corporation Limited recruits a huge number of candidates for various positions like Apprentice, Engineer, Management Trainee, Assistant Manager, etc. It’s a dream organization to work for many aspirants after completing their basic qualifications. IOCL offers an attractive salary package to employees with all the perks and benefits.

IOCL Salary Structure 2023

The candidates dreaming to get a job at IOCL are eager to know the IOCL Salary Structure 2023 to know how much amount they will receive after getting selected. The Gross Salary of IOCL employees is nearly ₹ 60,000 – 1,80,000/-  Per Month. We have discussed the complete IOCL Salary Structure here including the perks and allowances. So, go through the full article to check the post-wise IOCL Salary.

IOCL Salary Structure

IOCL Salary Structure includes Basic Pay, Grade Pay, Allowances, Benefits, and Deductions as per the rules. The candidates selected under IOCL Recruitment for various positions will entitle to get the salary structure tabulated here:

IOCL Salary Structure
IOCL Salary Components Amount
Basic Pay Rs. 60,000/-
Pay Scale Rs. 60,000-1,80,000/-
Dearness Allowance (DA) Rs. 5,280/-
PRP Rs. 24,000/-
Employer Contribution Rs. 15,668/-
Other Perks Rs. 21,000/-
Gross Salary Rs. 1,25,948/-

IOCL In-Hand Salary

The in-hand salary of IOCL Officers lies between Rs. 50,000-60,000/- monthly. In addition to the basic salary, they will entitle to numerous perks and allowances which makes the salary structure lucrative. Including perks and benefits, IOCL In-Hand Salary will reach Rs. 1,00,000+.

IOCL Pay Scale 2023

We have mentioned the post-wise IOCL Pay Scale as per the 7th CPC in this section for your convenience:

Post Name Pay Level Pay Scale
Assistant Officer A0 Rs. 50,000 – 1,60,000/-
Officer A Rs. 60,000 – 1,80,000/-
Assistant Manager B Rs. 70,000 – 2,00,000/-
Deputy Manager C Rs. 80,000 – 2,20,000/-
Manager D Rs. 90,000 – 2,40,000/-
Senior Manager E Rs. 1,00,000 – 2,60,00/-
Chief Manager F Rs. 1,20,000 – 2,80,000/-
Dy. General Manager G Rs. 1,20,000 – 2,80,000/-
General Manager H Rs. 1,20,000 – 2,80,000/-
Executive Director I Rs. 1,50,000 – 3,00,000/-
Director Director Rs. 1,80,000 – 3,40,000/-
Chairman Chairman Rs. 2,00,000 – 3,70,000/-

IOCL Salary Structure 2023 Perks and Benefits

The candidates recruited under IOCL will receive various perks and benefits as per the rules. The perks and allowances offered in addition to basic pay make the handsome gross amount of salary. Check the list of IOCL Perks and Benefits below:

  • Dearness Allowances
  • House Rent Allowances
  • Medical Allowances
  • Telephone Allowances
  • Mining Allowances
  • Post-retirement facility
  • Performance Based Allowances
  • Conveyance Maintenance Allowance
  • Superannuation Benefits Allowance
  • Insurance Benefit

CIVIL Engineering MAHA PACK              Electrical Engineering MAHA PACK              MECHANICAL Engineering MAHA PACK

Now keep yourself updated with Latest Engineering Government Jobs 24×7 Download ADDA247 App Now! CLICK HERE

IOCL Salary Structure 2023

Important Recruitments
DRDO Recruitment 2023 ISRO Recruitment 2023
BHEL Recruitment 2023 BEL Recruitment 2023
NTPC Recruitment 2023 PGCIL Recruitment 2023
IOCL Recruitment 2023 ONGC Recruitment 2023
SAIL Recruitment 2023 GAIL Recruitment 2023

Sharing is caring!


Is IOCL Salary Structure good?

Yes, IOCL offers a lucrative salary structure to employees.

What is the salary of IOCL Officers?

The IOCL Officers Salary will lie between ₹ 50,000-60,000/- Per Month.

What are the perks and allowances offered to IOCL recruited candidates?

IOCL offers many perks and allowances to employees such as DA, Performance Allowances, HRA, Medical Allowance, etc.

How can I get a job in IOCL?

You can get a job in IOCL by clearing the written test, and interview/skill test.

What is the full form of IOCL?

IOCL stands for Indian Oil Corporation Limited, a Maharatna PSU Company of India.

What is the highest salary in IOCL?

IOCL Chairman gets the highest salary in IOCL i.e. in the pay scale of Rs. 2,00,000 – 3,70,000/-.

Leave a comment

Your email address will not be published. Required fields are marked *