IOCL Salary Structure 2023, Pay Scale, Perks and Allowances

IOCL Salary Structure 2023 including perks and allowances is discussed in this article. Check the Post-Wise IOCL Salary Structure 2023 here.

Table of Contents

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

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