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Indian Oil Corporation Salaries in Mumbai (Updated 2025)

based on 458 latest salaries
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Finance & Accounting Production, Manufacturing & Engineering Sales & Business Development Engineering - Software & QA + 6 more
Designation Avg Annual Salary Open Jobs
0 - 6 years exp. · Mumbai (23 salaries)
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₹2 L/yr - ₹2.9 L/yr

1 - 3 years exp. · Mumbai (14 salaries)
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₹1.3 L/yr - ₹4.2 L/yr

1 - 7 years exp. · Mumbai (9 salaries)
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₹2.1 L/yr - ₹6.3 L/yr

0 - 5 years exp. · Mumbai (8 salaries)
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₹2.1 L/yr - ₹9 L/yr

Starting your career? Discover Indian Oil Corporation fresher salaries in India
0 - 1 year exp. · Mumbai (6 salaries)
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₹1.4 L/yr - ₹2.3 L/yr

3 - 7 years exp. · Mumbai (6 salaries)
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₹17 L/yr - ₹27.5 L/yr

1 - 2 years exp. · Mumbai (6 salaries)
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₹1.2 L/yr - ₹3 L/yr

1 - 2 years exp. · Mumbai (5 salaries)
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₹2 L/yr - ₹4 L/yr

0 - 3 years exp. · Mumbai (5 salaries)
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₹1 L/yr - ₹1.7 L/yr

0 - 3 years exp. · Mumbai (5 salaries)
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₹1.4 L/yr - ₹2.2 L/yr

17 - 19 years exp. · Mumbai (5 salaries)
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₹42 L/yr - ₹44.6 L/yr

12 - 15 years exp. · Mumbai (4 salaries)
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₹38 L/yr - ₹42 L/yr

20 - 23 years exp. · Mumbai (4 salaries)
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₹60 L/yr - ₹94 L/yr

1 - 2 years exp. · Mumbai (4 salaries)
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₹15.6 L/yr - ₹20 L/yr

6 - 10 years exp. · Mumbai (4 salaries)
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₹2.2 L/yr - ₹2.8 L/yr

1 - 3 years exp. · Mumbai (4 salaries)
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₹13 L/yr - ₹20.5 L/yr

1 - 3 years exp. · Mumbai (4 salaries)
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₹1.2 L/yr - ₹4 L/yr

0 - 2 years exp. · Mumbai (4 salaries)
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₹1.4 L/yr - ₹1.7 L/yr

1 - 2 years exp. · Mumbai (3 salaries)
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₹2.7 L/yr - ₹5.4 L/yr

4 - 6 years exp. · Mumbai (3 salaries)
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₹2.8 L/yr - ₹3.4 L/yr

Last Updated: 22 Mar, 2025

Salary related reviews for Indian Oil Corporation

4.1

Rated by 136 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 25 Jul 2023

5.0
 for  Salary and Benefits

Likes

...osphere may be different. But overall its a very good organisation to work with.job security, salary and benefits.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Transfer policy is an issue. But it can be worked around if you take 2 to 3 transfer in 30 years.

Legal & Regulatory Department

4.0
  •  posted on 13 Mar 2022

5.0
 for  Salary and Benefits

Likes

...e friendly and supportive. Many social activities were conducted in the company. Salary, Career growth and opportunities are excellent.

read more
  • Salary - Excellent
  • +6 more

Engineering - Software & QA Department

5.0
  •  posted on 20 Mar 2021

5.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. company policies are good, appraisals are fair and they give good salary hike and bonus every year

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  • Salary - Excellent
  • +6 more

Dislikes

Only contactor base. There is a lot of politics and the management. Salary is decent and career growth is high. There is bond of 2 year before which you cannot resign.

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Customer Success, Service & Operations Department

5.0
  •  posted on 20 Apr 2022

5.0
 for  Salary and Benefits

Likes

...ard your skill and innovation. Best infra and training for your personal growth. Best compensation, work life balance, career growth and job security.

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  • Salary - Excellent
  • +6 more

Dislikes

Less clear policies and Long hierarchy which delays decision. Political interference being public face of organisation.

First aid Department

4.0
  •  posted on 10 Aug 2018

3.0
 for  Salary and Benefits

Likes

I like protocols of iocl..work environment is very good and salary is 22000 rupees ...traveling is free for duty...iocl provide good job sequirty such as flat, one extra salary during the last month of the year, and give cl.

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  • Job security - Good
  • +3 more

Dislikes

Growth of occupation health nursing officer in iocl extremely high.some time I have to work 16 hours in iocl . I attend many critical pt . In occupation ..like head injury, seizure , burn , and cardiac arrest.

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Indian Oil Corporation Salary FAQs

How much does Indian Oil Corporation pay to its employees?
The average annual salary at Indian Oil Corporation varies depending on the role, experience, and location. The salary ranges for some popular designations at Indian Oil Corporation, are as follows:

Cost Trainee ₹2 Lakhs to ₹2.9 Lakhs per year
Trainee ₹1.3 Lakhs to ₹4.2 Lakhs per year
Mechanical Engineer ₹2.1 Lakhs to ₹6.3 Lakhs per year
Software Developer ₹2.1 Lakhs to ₹9 Lakhs per year

The highest-paying role, General Manager Finance, earns between ₹60 Lakhs to ₹94 Lakhs per year. The top 10% of employees earn more than ₹25 Lakhs per year, and the top 1% earn over ₹58 Lakhs per year. Salaries at Indian Oil Corporation can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 458 salaries submitted by Indian Oil Corporation employees. Indian Oil Corporation is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Indian Oil Corporation in Mumbai?
The salary of a fresher at Indian Oil Corporation in Mumbai typically ranges from ₹1 Lakh to ₹19.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Accounts Officer Salary ₹12 Lakhs to ₹17.5 Lakhs per year
Fresher as a Accountant Salary ₹1.3 Lakhs to ₹2.4 Lakhs per year
Fresher as a Computer Operator Salary ₹1 Lakhs to ₹3.3 Lakhs per year
Fresher as a Project Assistant Salary ₹3.1 Lakhs to ₹4 Lakhs per year

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Average annual salary in Indian Oil Corporation , Mumbai is INRunlock blur . Salary estimates are based on 458 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.

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