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Indian Oil Corporation Salaries in New Delhi (Updated 2025)

based on 866 latest salaries
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Finance & Accounting Production, Manufacturing & Engineering Research & Development Construction & Site Engineering + 6 more
Designation Avg Annual Salary Open Jobs
0 - 6 years exp. · New Delhi (43 salaries)
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₹2.5 L/yr - ₹4.2 L/yr

0 - 5 years exp. · New Delhi (19 salaries)
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₹7.4 L/yr - ₹18.5 L/yr

4 - 11 years exp. · New Delhi (15 salaries)
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₹18 L/yr - ₹37 L/yr

1 - 6 years exp. · New Delhi (15 salaries)
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₹1.5 L/yr - ₹4.3 L/yr

Starting your career? Discover Indian Oil Corporation fresher salaries in India
1 - 6 years exp. · New Delhi (13 salaries)
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₹1.5 L/yr - ₹4.8 L/yr

1 - 3 years exp. · New Delhi (12 salaries)
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₹2 L/yr - ₹4 L/yr

2 - 5 years exp. · New Delhi (11 salaries)
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₹2.6 L/yr - ₹4 L/yr

0 - 5 years exp. · New Delhi (10 salaries)
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₹0.9 L/yr - ₹3 L/yr

2 - 10 years exp. · New Delhi (8 salaries)
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₹2 L/yr - ₹4 L/yr

3 - 6 years exp. · New Delhi (8 salaries)
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₹20 L/yr - ₹28 L/yr

1 - 4 years exp. · New Delhi (8 salaries)
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₹12 L/yr - ₹25 L/yr

2 - 5 years exp. · New Delhi (8 salaries)
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₹2 L/yr - ₹4.5 L/yr

0 - 3 years exp. · New Delhi (8 salaries)
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₹1.5 L/yr - ₹4.2 L/yr

3 - 7 years exp. · New Delhi (7 salaries)
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₹26 L/yr - ₹34 L/yr

1 - 2 years exp. · New Delhi (7 salaries)
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₹1.3 L/yr - ₹3.2 L/yr

8 - 13 years exp. · New Delhi (7 salaries)
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₹20 L/yr - ₹35 L/yr

0 - 2 years exp. · New Delhi (7 salaries)
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₹2 L/yr - ₹4 L/yr

7 - 11 years exp. · New Delhi (7 salaries)
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₹20 L/yr - ₹38.5 L/yr

31 years exp. · New Delhi (6 salaries)
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₹40 L/yr - ₹93 L/yr

1 - 8 years exp. · New Delhi (6 salaries)
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₹17 L/yr - ₹30 L/yr

Last Updated: 23 Mar, 2025

Salary related reviews for Indian Oil Corporation

4.1

Rated by 276 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 10 Sep 2023

4.0
 for  Salary and Benefits

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

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  • Salary - Good
  • +2 more

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

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  • Skill development - Poor
  • +1 more

Production, Manufacturing & Engineering Department

5.0
  •  posted on 16 Dec 2019

3.0
 for  Salary and Benefits

Likes

...d chance to improved my skills and to study more about the advanced instruments. Salary scale is not for save. I get to travel especially other states such as Delhi. Our project to maintain and to install new advanced calibration equipment premji plant in iocl panipat and other plus points. How to improve my work efficiency and also get agood calibration engineer minds and as well as to keep safety for doing work

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  • Skill development - Excellent
  • +4 more

Dislikes

Its a sub contract work. work will be completed successfully. And return back. I completed my job faithful. And I thanks to god

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Marketing Department

3.0
  •  posted on 20 Sep 2019

3.0
 for  Salary and Benefits

Likes

...either they allow to chose ur field of interest. No consideration to ur choices. Salary becomes static after a time. And now even job security is at risk. Its better u work hard in private sector and earn double than us.

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Dislikes

Static salary after a time Bad promotion policy. And no consideration for ur work choices.

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  • Promotions - Poor

Sales & Business Development Department

1.0
  •  posted on 23 Apr 2019

3.0
 for  Salary and Benefits

Likes

...new joiners and putting blames on them to set files and removes their own cases. The perks are good, but a good candidate can get better salary in any MNC than at a PSU. Job satisfaction is also low, as instead of your qualification, the politics behind transfers is the main reason for assigning job profiles. Sometimes a management candidate is forced to do technical jobs, and technical candidate is sent for management positions.

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Dislikes

Corruption, cartel of senior officers, abusement at work , no security at work places

  • Skill development - Poor
  • +5 more

Optimisation Department

5.0
  •  posted on 03 Nov 2017

5.0
 for  Salary and Benefits

Likes

IOCL is very open to innovation and always eager for implement latest technology. Any one who wants to learn, will have ample of scope through the carrier path. It has given me the opportunity to travel Dubai, Singapore, Canada, Sanghai and US for training and as well as working as an expert.

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  • Salary - Excellent
  • +6 more

Dislikes

Compensation is good, promotion scope is limited at senior level.

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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:

Project Assistant ₹2.5 Lakhs to ₹4.2 Lakhs per year
Accounts Officer ₹7.4 Lakhs to ₹18.5 Lakhs per year
Finance Manager ₹18 Lakhs to ₹37 Lakhs per year
Computer Operator ₹1.5 Lakhs to ₹4.3 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 ₹57.9 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 866 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 New Delhi?
The salary of a fresher at Indian Oil Corporation in New Delhi 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 Project Assistant Salary ₹3.1 Lakhs to ₹4 Lakhs per year
Fresher as a Computer Operator Salary ₹1 Lakhs to ₹3.3 Lakhs per year

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Average annual salary in Indian Oil Corporation , New Delhi is INRunlock blur . Salary estimates are based on 800+ Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.

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