IOCL Non-Executive Salary and Benefits

The Indian Oil Corporation Limited (IOCL) recently announced vacancies for the positions of Junior Engineering Assistant, Junior Material Assistant, and Junior Nursing Assistant. Selected candidates can expect an annual salary package between INR 4.0 - 4.2 lakhs.

In addition to the basic pay of INR 25,000 per month (Pay Level 4), employees will receive other monetary and non-monetary benefits like Dearness Allowance (DA), House Rent Allowance (HRA), medical facilities, productivity incentives, performance-linked incentives, provident fund, personal accident insurance, leave encashment, children's education allowance, etc.

Components of IOCL JEA Salary Structure

  • Basic Pay: INR 25,000 per month
  • DA: INR 7,140 (approx. 24% of Basic Pay)
  • HRA: INR 2,295 per month
  • Travel Allowance: INR 1,800 per month
  • Gross Monthly Salary: INR 35,000 - 37,000

In addition to the above, employees also receive yearly bonuses (~INR 40,000), spectacles allowance (~INR 20,000), productivity-linked incentives, and other monetary & non-monetary perks.

Roles and Responsibilities of IOCL Junior Engineering Assistant

The day-to-day responsibilities of an IOCL JEA include:

  • Monitoring machines and resolving technical issues
  • Assigning tasks to junior staff and reviewing their work
  • Conducting project/factory inspections and submitting reports to seniors
  • Maintaining inventory records to avoid process delays

IOCL Junior Engineering Assistant In-Hand Salary

The approximate in-hand salary per month for an IOCL JEA is INR 45,000. This factors into account deductions like PF, tax, loan payments etc. Some of the other monetary benefits over and above this are:

  • Yearly Bonus: ~INR 40,000
  • Spectacles Allowance: ~INR 20,000 per year
  • Other gifts/perks: ~INR 15,000 - 20,000 per year

Conclusion

The IOCL JEA role offers a good salary package with opportunities for professional growth and learning. In addition to job security working for a government undertaking, employees can benefit from performance-linked bonuses and a variety of monetary and non-monetary perks.

Frequently Asked Questions

Q1: What is the Basic Pay for IOCL Junior Engineering Assistant?


A1: The Basic Pay for IOCL JEA is INR 25,000 per month.


Q2: What allowances are provided to IOCL JEAs?


A2: Key allowances provided include Dearness Allowance (DA), House Rent Allowance (HRA), Travel Allowance, Productivity Incentives, etc.


Q3: How much annual bonus can IOCL JEA employees expect?


A3: IOCL provides an annual bonus of approximately INR 40,000 to JEAs.


Q4: What is the total monthly gross salary for IOCL JEA?


A4: The monthly gross salary ranges from INR 35,000 - 37,000 per month.


Q5: What non-monetary benefits do IOCL JEAs get?


A5: Benefits include medical insurance, personal accident cover, PF, paid leaves and travel concession, House Building Advance, and children's education allowance.


Q6: How can one apply for the IOCL JEA role?


A6: Candidates need to apply online through IOCL's career portal whenever a job notification is published for this role.

 

Sarkari Awaaz | Sarkari Job | Sarkari Result

Tags