IOCL salary hike

Hii sir, I wants to know the Salary of the Employees of the Indian Oil Corporation Also Provide me the Hikes And Perks Allowed by the Indian Oil Corporation ?

[sumit]

Oil and gas company Indian Oil Corporation Limited (IOCL) is the largest Public Sector Undertaking (PSU) belonging to Government of India. It’s not only a contributor of up to 49% in our country’s petroleum products market,

Pay Scales As Per Grade

Grade Pay Scale
1st 24,900 – 50,500
2nd 29,100 – 54,500
3rd 32,900 – 58,000
4th 36,600 – 62,000
5th 43,200 – 66,000
6th 51,300 – 73,000
7th 51,300 – 73,000
8th 51,300 – 73,000
9th 62,000 – 80,000


Allowances And perks

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


Shift Allowance

Category Morning – Evening Shift Night Shift
Officers (Grade A & B) Rs. 80 per shift Rs. 130 per shift
Officers (Grade C & Above) Rs. 100 per shift Rs. 150 per shift
Workmen Rs. 65 per shift Rs. 105 per shift