PSUs Salary Structure 2017|CTC & Pay Scale, In hand Salaries in Public Sector Units like NTPC, PGCIL & IOCL

PSUs Salary Structure

Those who want to make career in Public Sector Undertaking’s may get details about PSUs Salary Structure. Public sector is considered famous for its facilities, amazing remuneration which includes various benefits such as House Rent Allowance, CPF Allowance, Dearness Allowance, some benefits also like Medical benefits, Job security, Pension schemes and many other, as being the part of it, Individual feels safe as secure because of its fabulous working environment. Fresher’s candidates who want to make career with this PSU organization like NTPC, PGCIL & IOCL and want to know it’s In hand Salaries & CTC first may go through this page and grab complete information related to PSUs Salary Structure 2017 which is well maintained by the experts of www.resultnbox.com. 

Elements of salary in PSUs

Public Sector Undertaking’s jobs are now one of the dream jobs for engineering graduates as basically it is created by the Government of India and treated as one of the best government-owned corporations or state-owned enterprises. Another highlighting feature that satisfies many candidates to be the part of it is that it offers various job opportunities various technical and management areas where selected engineers can use their technical and managerial skills very well and work better for company. If you are one of the aspirants who are dreaming to be the part of Public Sector Undertaking’s then you should know the complete information related to PSUs Salary Structure, have a look on below given complete details related to it.

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PSUs Salary Structure

PSUs offer various perquisites and allowance to its employees which includes employees rank, gross salary, facilities etc. it is well furnished in below table in 3rd column as it is revised after every 10 years. Due to different benefits and perks provided by the organization to the employees encourages them to give their best.

PSU Name Name of the Post Pay Scale Initial Basic Pay in Rs Approx Gross salary per Month
Oil and Natural Gas Corporation (ONGC) Assistant Executive Engineer 24900-50500 24900 70k to 80k
National Thermal Power Corporation Limited (NTPC) Executive Trainee 24900-50500 25650 70k to 80k
Bharat Petroleum Corporation Limited (BPCL) Management Trainees 24900-50500 24900 70k to 80k
Hindustan Petroleum Corporation Limited (HPCL) Officers 24900-50500 24900 70k to 80k
Indian Oil Corporation Limited (IOCL) Engineers/Officers 24900-50500 24900 70k to 80k
Oil India Limited (OIL) Executive Trainees 24900-50500 24900 70k to 80k
Gas Authority of India Limited (GAIL) Graduate Trainees (GTs) 24900-50500 24900 70k to 80k
Power Grid Corporation of India Limited (PGCIL) Executive Trainee 24900-50500 24900 70k to 80k
Neyveli Lignite Corporation Limited (NLC) Graduate Executive Trainee 20600-46500 20600 60k to 70k
Steel Authority of India Limited (SAIL) Management Trainee 20600-46500 20600 60k to 70k
Hindustan Aeronautics Limited (HAL) Management Trainee 16400-40500 16400 60k to 70k
Bharat Heavy Electricals Limited (BHEL) Engineer Trainee 24900-50500 24900 70k to 80k
Coal India Limited (CIL) Management Trainees 20600-46500 20600 60k to 70k
National Hydroelectric Power Corporation(NHPC) Graduate Engineers 20600-46500 20600 60k to 70k
Mahanagar Telephone Nigam Limited (MTNL) Junior Telecom Officer (JTO) 20600-46500 20600 50k to 60k
Mazagon Dock Shipbuilders Limited (MDL) Graduate Trainees 16400-40500 16400 50k to 60k
National Buildings Construction Corporation Limited (NBCC) Management Trainee 16400-40500 16400 50k to 60k
Bharat Sanchar Nigam Limited (BSNL) Junior Telecom Officer (JTO) 16400-40500 16400 45k to 55k
Bharat Electronics Limited (BEL) Deputy Engineer 16400-40500 16400 45k to 55k

Basic Pay:

Basic Pay consist of all benefits and allowances offered to employees by the organization that is House rent allowances, medical facilities, travel allowances are calculated which is provided below. It totally depends upon CTC, as high basic pay means higher CTC.

Dearness allowances:

DA allowance is that allowance which is given by the PSU for cost of living as it is that percentage that is added on basic pay for remuneration purpose. Currently Industrial dearness allowance rate is 114.8 and it is revised in 4 times in a year and based on Consumer Price Index.

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HRA:

HRA is that allowance which is given according to the place of posting and it is offered to those employees to whom Company accommodation is not provided. The percentage of HRA is always fluctuating as current HRA rates are 10%, 20% & 30% based on the location/city of posting of an employee as you can check it from below table:

Name of PSU Executives (Rs) Workmen (Rs)
ONGC HRA varies from 15-30%.
IBP Co. Ltd. Officers & Workmen 30% of basic pay, if posted in Mumbai, Delhi, Kolkata and Chennai , 25% of basic pay, if post in other ‘A’ class cities. 22- 1/2% of basic pay, if post in B-1 class cities. 17-1/2% of basic pay, if post in B-2 class cities. 15% of basic pay, if posted in C and unclassified cities.
Bharat Petroleum Corporation Ltd. Management staff & Non Management Staff HRA:

  • Metro Cities: 30% of Basic Pay (BP), A Class: 25% of BP, B-1 Class: 22.5% of BP, B-2 Class: 17.5% of BP, C & others: 15% of BP.
  • Self Lease Rent
  • The maximum maintenance charges permissible at Metro cities ranges between Rs.17880 and Rs.24840 p.a. (Rs.7302 and Rs.13571 in case of Non-Management Staff)
  • For other cities, the maint. Charges range between 88% and 63% of above.
Bongaingon Refinery & Petro Chemicals Ltd. Officers & Workmen HRA 30/25/22.5/17.5/15 % of BP (Metro/A/B1/B2/C/Unclassified)
Balmer Lawrie & Co. Ltd. HRA As in the Central Government.
Mangalore Refinery & Petro Chemicals Ltd. Executives HRA – Metros: 30% BP, AClass: 25% BP, B-1 Class: 22.5% BP, B-2 class:17.5% BP, C&Unclassified: 15% BP Workmen HRA – Metros: 30% BP, AClass: 25% BP, B-1 Class: 22.5% BP, B-2 class: 17.5% BP, C& Unclassified: 15% BP
NTPC A1 30% of Pay A-B-1, B-2 15% of Pay C 7.5% of Pay Unclassified 5% of Pay
And many other…

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Perks:

This allowance also varies from a company to company as it provided by profit making Government PSUs to their employees.

Provident Fund:

PF is meant for saving towards retirement years as it is a type of retirement benefit scheme in which contribution from the employee as well as the same amount from the employer is deposited to employees EPF account on monthly basis. The current rate is 12% of Basic Pay plus IDA as you can check it from below table.

Name of PSU Executives (Rs) Workmen (Rs)
ONGC Provident Fund (PF) and EPS 95 Executives

E0: Min. Rs.1590 Max. Rs.2779

E1:Min. Rs.1637 Max. Rs.2928

E2:Min. Rs.2184 Max. Rs.3166

E3:Min. Rs.2630 Max. Rs.3582

E4:Min. Rs.2928 Max. Rs.3879

E5:Min. Rs.3126 Max. Rs.4196

E6:Min. Rs.3324 Max. Rs.4533

E7/E8:Min. Rs.3522 Max. Rs.4712

E9:Min. Rs.4167 Max. Rs.5118 S level employees S I: Rs.1485, S II: Rs.1718, S III:Rs.2050 S IV:Rs.2472

W I: Rs.311,W

II: Rs.351,W

III/ A-I: Rs.390 W

IV/ A-II:Rs.470, W

V/ A-III:Rs.608 W

VI/ A-IV:Rs.747, W

VII: Rs.1485 Gratuity Workmen W I: Rs.342,

W II: Rs.357,

W III/ A-I: Rs.373,

W IV/ A-II: Rs.405

W V/ A-III:Rs.461,

W VI/ A-IV: Rs.516

W VII:Rs.812

IBP Co. Ltd. Provident Fund (PF) and EPS 95 Officers & Workmen Benefit under Provident Fund under the provisions of Provident Fund Act
Bharat Petroleum Corporation Limited Provident Fund (PF) and EPS 95 Management Staff & Non Management Staff BPCL contributes @ 12% of Basic + DA to the fund.
Engineers India Limited Provident Fund (PF) and EPS 95 Employees at levels 1-9 & Officers at levels 12-20 10% of (Basic Pay + DA)
Chennai Petroleum Provident Fund (PF) and EPS 95 Supervisory Employees & Non Supervisory Employees Provident Fund as per Rules

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