Indian Oil Corporation Limited (IOCL) is one of the most prestigious Public Sector Undertakings (PSUs) in India. Known for its large operations across refining, pipeline, petrochemical, and marketing sectors, IOCL offers attractive salary packages along with job security, promotions, and benefits to its employees.
If you’re aspiring to join IOCL as an officer, engineer, technician, or apprentice, this blog gives you a complete breakdown of the salary structure at IOCL in 2025, including:
- Grade-wise salary
- In-hand salary
- Pay levels for different posts
- Allowances and perks
- Career growth and bonuses
Contents
- 1 🏢 IOCL: Overview
- 2 🧾 IOCL Salary Structure: Grade-Wise Pay Scale
- 3 💰 IOCL In-Hand Salary Breakdown (Example: Officer Post)
- 4 🏘️ Allowances & Perks Offered by IOCL
- 5 📈 Promotion & Career Growth in IOCL
- 6 🧑🎓 Salary After GATE Selection
- 7 🧾 IOCL Apprentice Salary (Stipend)
- 8 🧘 Work-Life Balance & Benefits
- 9 🧾 Summary Table: IOCL Salary by Position
- 10 📌 Final Thoughts
🏢 IOCL: Overview
IOCL is a Maharatna PSU and ranks among the top Fortune 500 companies globally. With over 30,000 employees, IOCL recruits candidates through GATE, direct selection, apprenticeships, and campus recruitment.
🧾 IOCL Salary Structure: Grade-Wise Pay Scale
IOCL salaries are structured based on pay grades, which are determined by the employee’s designation, experience, and recruitment level.
1. Officer (A Grade – Entry-Level Officer)
- Basic Pay: ₹50,000 per month
- Pay Scale: ₹50,000 – ₹1,60,000
- CTC (Cost to Company): ₹15–17 LPA
- In-hand Salary: ₹85,000 – ₹95,000 (after deductions + perks)
2. Engineer (Graduate Engineer Trainee via GATE)
- Basic Pay: ₹60,000 per month
- CTC: ₹17–18 LPA
- In-hand Salary: ₹90,000 approx.
3. Technician / Operator
- Basic Pay: ₹23,000 – ₹25,000
- In-hand Salary: ₹30,000 – ₹40,000 (after allowances)
4. Junior Engineering Assistant (JEA)
- Pay Scale: ₹25,000 – ₹1,05,000
- In-hand Salary: ₹45,000 – ₹55,000 (based on location & benefits)
5. Apprentice (Trade/Technician)
- Stipend: ₹7,000 – ₹12,000 per month
- Varies by discipline and state
6. Senior-Level Executives
- Chief Manager / DGM / GM / ED
- Salaries range between ₹1,00,000 – ₹2,60,000+
- With additional perks, housing, and conveyance allowances
💰 IOCL In-Hand Salary Breakdown (Example: Officer Post)
| Component | Amount (Approx.) |
|---|---|
| Basic Pay | ₹50,000 |
| Dearness Allowance | ₹7,500 – ₹10,000 |
| House Rent Allowance | ₹8,000 – ₹12,000 |
| Location Allowance | ₹2,000 – ₹5,000 |
| Performance Related Pay | ₹4,000 – ₹8,000 |
| Medical Allowance | ₹1,500 – ₹2,500 |
| Provident Fund (PF) | Company Contribution |
| Gross Salary | ₹85,000 – ₹1,00,000 |
| Deductions (Tax/PF etc.) | ₹8,000 – ₹10,000 |
| In-Hand Salary | ₹75,000 – ₹90,000 |
🏘️ Allowances & Perks Offered by IOCL
IOCL employees enjoy one of the best perks packages among all PSUs.
✅ Common Benefits Include:
- Dearness Allowance (DA) – revised every quarter
- House Rent Allowance (HRA) – 24%, 16%, or 8% depending on the city
- Medical Insurance – for self and family members (cashless treatment in top hospitals)
- Gratuity – as per Payment of Gratuity Act
- Performance Linked Incentives (PLI) – annual bonus based on company performance
- Leave Travel Concession (LTC) – for domestic travel with family
- Provident Fund (PF) – 12% employer contribution
- Superannuation Benefits – pension and retirement fund
- Conveyance Allowance or company vehicle (for certain positions)
- Mobile/Telephone Reimbursement
- Leave Encashment
- Children’s Education Allowance
- Subsidized Canteens and Recreation Facilities
📈 Promotion & Career Growth in IOCL
IOCL provides a structured promotion policy with regular appraisals. Promotions are based on:
- Annual Performance
- Work Experience
- Departmental Exams (in some cases)
Growth Path (Officer Track):
- Grade A (Entry Officer)
- Grade B – Assistant Manager
- Grade C – Deputy Manager
- Grade D – Manager
- Grade E – Senior Manager
- Grade F – Chief Manager
- Grade G – DGM
- Grade H – GM / ED / Director
Time-bound promotions, job rotations, and leadership training at IIMs/IITs are part of IOCL’s career development program.
🧑🎓 Salary After GATE Selection
Candidates selected via GATE for the post of Officer/Engineer get:
- Initial Basic Pay: ₹60,000
- Training Duration: 1 year (full pay during training)
- After confirmation, eligible for increments and posting across refineries, pipelines, or R&D units.
🧾 IOCL Apprentice Salary (Stipend)
Apprenticeships at IOCL are offered for ITI, Diploma, and Graduate holders.
| Apprentice Type | Monthly Stipend |
|---|---|
| Trade Apprentice (ITI) | ₹7,000 – ₹9,000 |
| Technician Apprentice | ₹9,000 – ₹10,500 |
| Graduate Apprentice | ₹11,000 – ₹12,000 |
Apprentices do not receive allowances, but may receive benefits like free meals, uniforms, and insurance depending on the unit.
🧘 Work-Life Balance & Benefits
IOCL offers a 5-day work week for most departments, along with:
- Paid leave (Earned, Casual, Medical)
- Maternity & Paternity Leave
- Flexible timings in corporate offices
- Transfers across India based on choice and availability
🧾 Summary Table: IOCL Salary by Position
| Designation | Basic Pay | In-Hand Salary |
|---|---|---|
| Officer (A Grade) | ₹50,000 – ₹60,000 | ₹85K – ₹95K |
| Junior Engineer | ₹25,000 – ₹35,000 | ₹45K – ₹55K |
| Technician/Operator | ₹23,000 – ₹27,000 | ₹30K – ₹40K |
| Apprentice | ₹7,000 – ₹12,000 | Stipend Only |
| Manager (Mid-level) | ₹70,000 – ₹1.2L | ₹1L+ with perks |
📌 Final Thoughts
IOCL remains one of the most rewarding employers in India’s PSU sector, offering a strong salary structure, a range of employee-friendly perks, and excellent career progression opportunities.
Whether you’re a fresher joining through GATE or an experienced technician applying through direct recruitment, IOCL ensures:
- Competitive salary
- Stability and prestige
- Life-long benefits
