Indian Oil Corporation Limited (IOCL) is the largest Public Sector Undertaking (PSU) belonging to Government of India.

IOCL Grade Pay

There is a well-defined pay structure in IOCL for various employee grades, no grade pay is paid to employees aside from their basic pay.

The salary of IOCL employees consists of basic pay, performance related benefits, superannuation benefits and any allowances that they may receive.

IOCL Post-Wise Pay Scale-

The pay scales of Chairman and Directors are 80,000 – 125,000 and 75,000 – 100,000 respectively.

Employees below the board level are compensated according to following pay scales:

For Grade, the Pay Scale are as follows:

Grade Pay Scale Refineries/ Pipelines/ Marketing/ IBP
R&D (Employees) Grade (Employees) Grade


1st 24,900 – 50,500 1st 1st
2nd 29,100 – 54,500 2nd —
3rd 32,900 – 58,000 3rd 2nd
4th 36,600 – 62,000 4th 3rd
5th 43,200 – 66,000 5th 4th
6th 51,300 – 73,000 6th 5th
7th 51,300 – 73,000 7th —
8th 51,300 – 73,000 8th 6th
9th 62,000 – 80,000 9th 20,000 – 49,200 (prospective)

IOCL Allowance & Perks

IOCL Employees are also provided various allowances and perks.

Dearness Allowance:

Employees are paid DA as a percentage of their basic pay in accordance to All India Consumer Price Index (AICPI). The DA is revised quarterly and its current rate is 121% of basic pay.

House Rent Allowance:

IOCL employees also receive HRA, which depends largely on the place of their posting.

For the purpose of this allowance IOCL has categorized Indian cities in three categories, namely X, Y and Z.

The distribution of HRA in these cities is as follows:

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

However, HRA isn’t paid to employees when IOCL provided accommodation is available in the city.

Shift Allowance: For employees who work in rotating shifts there’s provision of a shift allowance in IOCL.

The rates for this allowance are given below:

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