What is the salary of executive cadre in Indian Oil Corporation?

Salary structure of executive cadre in Indian Oil Corporation

We have compiled the CTC for the executive cadres in Indian Oil Corporation. Details as mentioned below:


Directional Break-up of CTC (rounded off) p.a.

Basic @ Rs 24,900 per month
Rs. 2.99 lacs
Dearness Allowance @ 67.3% of basic
Rs. 2.01 lacs
House Rent Allowance (HRA)For Metro @ 30% of BP, For C Class @ 10% of BP
Metro Rs 0.90 lacs
C Class Rs 0.30 lacs
Perks and allowances (Max admissible upto 50% of Basic Pay)
Rs. 1.49 lacs
Superannuation Benefits (Max. admissible upto 30% of Basic Pay)
Rs. 1.50 lacs
Total CTC (without performance related payment)
Rs. 8.90 lacs
Performance Related Payment(upto max 40% of BP)
Rs.1.195 lacs
Valued Gross Remuneration (CTC) (As on 1st January, 2013)
Metro Rs 10.10 lacs
C Class Rs 9.80 lacs

Perks and Perquisites
  • Car purchase advance immediately after induction training - Rs. 2.65 lakh (@ nominal interest of 2.5%)
  • Computer and furniture at home (provided by Company)
  • House-building advance after 5 years of service - Rs. 12 lakh (@ nominal 5% interest). Insurance coverage for house is also provided at nominal 0.5%
  • Almost unlimited medical benefits and nomination facility at best of the hospitals across the country for self and dependents
  • Opportunity to avail of full fee reimbursement (up to Rs. 3 lakh) for part-time MBA programme at best of the institutes in India
  • Individual performance-based incentives
  • Life-time medical care: Post-retirement medical benefits
  • Holiday Homes facility during service & after retirement
  • Nominated hotels facility on tours / leave

Disclaimer: Information compiled from website of India Oil Corporation.

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