What is the salary of Assistant Officer of Indian Oil Corporation Ltd?
The Assistant Officer position at Indian Oil Corporation Limited (IOCL) starts with a monthly pay of ₹40,000. Here's :
Pay Scale:
Different positions at IOCL have varying pay scales, ranging from ₹50,000 to ₹3,40,000 per month.
In-Hand Salary:
An IOCL Assistant Officer typically earns between ₹60,000 to ₹55,000 monthly, not including extra benefits.
Allowances and Benefits:
IOCL provides various allowances like Dearness, House Rent, Shift, Medical, and more.
Here are the allowances and benefits with brief explanations:
Dearness Allowance (DA): Additional payment to adjust for the cost of living index.
House Rent Allowance (HRA): A portion of the salary provided to employees to cover rental expenses for accommodation.
Shift Allowance: Compensation given to employees working during non-standard hours or shifts.
Superannuation Benefits: Retirement benefits provided by the company, typically including pension plans or provident funds.
Higher Ceiling Perk Benefits: Additional perks or benefits provided to employees at higher salary levels.
Medical Allowances: Allowances for medical expenses, covering healthcare costs for employees and their dependents.
Location Allowances: Additional payments given to employees based on the location of their workplace, often to compensate for higher living costs or remote assignments.
Telephone Allowances: Reimbursement or subsidies for telephone expenses incurred for official purposes.
Mining Allowances: Additional payments given to employees involved in mining operations, often to compensate for working in challenging conditions.
Post-retirement Facility Plan Allowances: Benefits or allowances provided to retired employees, including access to healthcare, housing, or financial support.
Performance Allowances: Additional payments or bonuses awarded based on an employee's performance or achievements.
Conveyance Maintenance Allowance: Allowance provided to employees to cover expenses related to commuting or maintaining vehicles used for official purposes.
Composite Social Security Plan: Comprehensive social security coverage provided to employees as per company policies, including insurance, retirement benefits, and other welfare schemes.
Here are the roles and responsibilities of an Assistant Officer at Indian Oil Corporation Limited (IOCL):
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