PSU Salary Breakdown

IOCL Salary India FY 2026-27

Exact monthly in-hand salary for IOCL after all deductions including NPS and income tax. Based on FY 2026-27 tax slabs and actual PSU pay scales.

Graduate Engineer Trainee (GET) - Grade A - In-Hand

Rs. 1,18,375/mo

Metro city, new tax regime, FY 2026-27

Non-Metro City

Rs. 1,18,375/mo

Rs. 14,20,500/year

CTC Range

Rs. 14.5L - 17.5L

Per annum

IOCL Roles and Pay (FY 2026-27)

Role / Grade	CTC	Monthly In-Hand (New Regime, Metro)
Graduate Engineer Trainee (GET) - Grade A	Rs. 16.00 LPA	Rs. 1,18,375
Research Officer / Officer (HR/Accounts)	Rs. 15.00 LPA	Rs. 1,11,675

Full Salary Breakdown - IOCL Typical Pay (New Regime, Metro)

Basic Salary	Rs. 53,333/mo
HRA + Allowances	Rs. 80,000/mo
Gross Monthly Salary	Rs. 1,33,333/mo
NPS Contribution (10% of Basic)	-Rs. 5,333/mo
Professional Tax	-Rs. 200/mo
Income Tax (TDS)	-Rs. 9,425/mo
Monthly In-Hand (Take-Home)	Rs. 1,18,375/mo

New Regime vs Old Regime

New Tax Regime

Standard DeductionRs. 75,000

Annual TaxRs. 1,13,100

Monthly In-HandRs. 1,18,375

Old Tax Regime

Deductions AssumedRs. 1,50,000

Annual TaxRs. 2,41,800

Monthly In-HandRs. 1,07,650

About IOCL

IOCL (Indian Oil Corporation Limited) is India's largest commercial enterprise and the only Indian company in the Fortune 100. It is a Maharatna PSU under the Ministry of Petroleum. IOCL recruits Graduate Engineer Trainees through GATE and Officers for non-technical roles. It operates refineries, pipelines, and marketing networks across India. IOCL is considered one of the best PSU employers due to its refinery allowances and perks.

How IOCL Salary is Structured

IOCL GET starts at Grade A with Rs. 50,000 basic per month. DA is approximately 80% of basic revised quarterly, adding Rs. 40,000/mo. HRA is Rs. 5,000 to Rs. 9,000 at city postings; free quarters at refineries. Refinery allowance of Rs. 5,000 to Rs. 12,000 at refinery postings is a significant cash addition.

What Deductions Will You See?

Deductions include NPS at Rs. 5,000/month (10% of basic), professional tax of Rs. 200/month, and income tax of Rs. 7,000 to Rs. 11,000 per month. Total deductions are approximately Rs. 14,000 to Rs. 18,000 per month.

IOCL vs Other PSUs

PSU / Role	CTC	Monthly In-Hand
IOCL GET	Rs. 16.0 LPA	Rs. 85,000/mo
ONGC GET	Rs. 17.5 LPA	Rs. 90,000/mo
BPCL GET	Rs. 15.5 LPA	Rs. 80,000/mo
HPCL GET	Rs. 15.0 LPA	Rs. 78,000/mo

Increments and Career Progression

Annual increments on basic pay. GETs are placed at A grade after training. IOCL follows an A to G executive grade structure. Promotions from A to B typically take 4-5 years based on performance.

Is IOCL Salary Good Compared to Private Sector?

At Rs. 16,00,000 CTC, a IOCL Graduate Engineer Trainee (GET) - Grade A takes home Rs. 1,18,375/mo per month in a metro city. This does not capture the full picture -- free or subsidized accommodation, NPS employer contribution, medical coverage for family, and job security add significant value on top of the cash salary. See the Rs. 15 LPA in-hand salary breakdown for a private sector comparison at the same CTC level.

Tax regime: New regime saves Rs. 1,28,700/year more than old regime at this CTC level.

Salary at Each Grade

Grade / Post	Typical Timeline	Basic Pay	Approx. In-Hand
GET / Grade A (Junior Officer)	0-5 years	Rs. 50,000/mo	Rs. 85,000/mo
Grade B (Officer)	5-9 years	Rs. 62,000/mo	Rs. 1,02,000/mo
Grade C (Senior Officer)	9-14 years	Rs. 74,000/mo	Rs. 1,20,000/mo
Grade E (Chief Manager)	18-22 years	Rs. 1,00,000/mo	Rs. 1,55,000/mo

Dearness Allowance (DA) Explained

IOCL DA is revised quarterly. Currently around 80% of basic, adding approximately Rs. 40,000 per month to gross salary at GET level.

City-Wise Salary Breakdown

Posting Location	HRA / Accommodation	Gross Monthly	In-Hand Monthly
Refinery posting - Panipat, Mathura, Barauni	Free quarters + refinery allowance	Rs. 1,10,000+	Rs. 88,000+
Delhi / Mumbai HQ	HRA Rs. 9,000/mo	Rs. 1,05,000	Rs. 85,000
Regional offices	HRA Rs. 6,000-7,000/mo	Rs. 1,02,000	Rs. 82,000

Perks and Benefits: What They Are Worth in Cash

Perk	Details	Estimated Cash Value
Refinery Allowance	Additional Rs. 5,000-12,000/mo at refinery postings - significant cash addition	Rs. 5,000-12,000/mo direct
Company Accommodation	Free or subsidized quarters at refineries and pipeline locations	Rs. 15,000-35,000/mo in rent equivalent
Medical Coverage	Comprehensive family medical at IOCL hospitals and empanelled facilities	Rs. 8,000-15,000/mo equivalent
Car Scheme	Subsidized car loan scheme for executives at Grade B and above	Rs. 5,000-8,000/mo saving on loan interest

IOCL vs Private Sector: What You Gain and Give Up

What You Gain

+Fortune 100 company brand with global recognition

+Refinery allowance adds Rs. 5,000-12,000/mo on top of regular salary

+Free accommodation at refinery and pipeline postings

+Job security in India's largest commercial enterprise

+Car loan scheme and comprehensive medical for family

Trade-offs

-Reliance Industries and private refiners pay 40-60% more at senior levels

-Refinery postings mean living in industrial towns for initial years

-Bureaucratic processes slower than private sector

-Promotion beyond Grade C-D becomes highly competitive

Frequently Asked Questions

An IOCL Grade A Officer (GET) takes home approximately Rs. 82,000 to Rs. 88,000 per month in-hand at a city or HQ posting. At refinery postings with refinery allowance and free accommodation, effective take-home is Rs. 88,000 to Rs. 95,000 per month. Basic pay is Rs. 50,000 per month with DA at approximately 80% of basic adding Rs. 40,000 per month.

IOCL Grade A Officer monthly gross salary is approximately Rs. 1,00,000 to Rs. 1,10,000 including basic pay (Rs. 50,000), DA (Rs. 40,000), HRA or refinery allowance, and other allowances. After NPS deduction of Rs. 5,000 and income tax, monthly in-hand is Rs. 82,000 to Rs. 88,000 at city postings and Rs. 88,000 to Rs. 95,000 at refinery postings.

After 5 years at IOCL, a Grade A Officer is typically promoted to Grade B (Officer) with basic pay of approximately Rs. 62,000 per month. With DA at 80% of basic, gross monthly salary is approximately Rs. 1,20,000 to Rs. 1,28,000. Monthly in-hand after NPS and income tax is approximately Rs. 1,00,000 to Rs. 1,06,000. Refinery allowance and accommodation perks remain at refinery postings.

IOCL Grade A Officer salary structure includes basic pay of Rs. 50,000 per month, DA of approximately 80% of basic (Rs. 40,000 per month), HRA of Rs. 5,000 to Rs. 9,000 per month at city offices or free quarters at refineries, refinery allowance of Rs. 5,000 to Rs. 12,000 per month at refinery postings, and various other allowances. Total gross is approximately Rs. 1,00,000 to Rs. 1,15,000 per month.

IOCL recruits GETs through GATE in Chemical Engineering, Mechanical Engineering, Electrical Engineering, Civil Engineering, Instrumentation Engineering, and Computer Science. Chemical and Mechanical engineers account for the largest number of vacancies as they work directly in refinery operations. GATE cutoffs vary by discipline and year.

ONGC pays approximately Rs. 5,000 to Rs. 8,000 more per month in-hand than IOCL at entry level due to higher basic pay. ONGC has more offshore and remote postings with higher field allowances. IOCL has wider marketing and city-based roles beyond refinery operations. For pure salary, ONGC is better. For variety of posting locations and marketing exposure, IOCL offers more options.

IOCL provides free or heavily subsidized quarters at all refineries and pipeline locations. At city offices and regional headquarters, HRA of Rs. 5,000 to Rs. 9,000 per month is paid instead. Refinery accommodation is typically well-maintained township housing with basic amenities, effectively saving Rs. 15,000 to Rs. 35,000 per month in rent.

IOCL Grade B (Officer) is the post-promotion grade after 4 to 5 years of service. Basic pay at Grade B is approximately Rs. 62,000 per month. With DA at 80%, gross monthly salary is approximately Rs. 1,20,000 to Rs. 1,28,000. Monthly in-hand after NPS and income tax is approximately Rs. 1,00,000 to Rs. 1,06,000 depending on posting type.