HPCL Salary 2022: In Hand Salary Structure, Grade Pay, Perk and Allowances

HPCL Salary 2022: In Hand Salary Structure, Grade Pay, Perk and Allowances

ByNeha Dhyani  |  Updated on: Jun 23, 2022
Get the details of the HPCL Salary 2022. Candidates should read the entire page to collect the relevant details about the HPCL Salary, Perks, Allowances and other Benefits.
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HPCL Salary 2022: Hindustan Petroleum Corporation Limited has released the details about HPCL salary along with the official notification for the candidates to be appointed as Mechanical Engineer, Civil Engineer, Electrical Engineer, Instrumentation Engineer, Safety officer, Chemical Engineering, and others. Here, we have provided details regarding HPCL salary 2022.

Working at HPCL is one of the most reputed jobs for engineers. HPCL offers a PSU government post with a competitive salary and other benefits, it is extensively sought after by engineering graduates in the mechanical, civil, electrical, and instrumentation streams.

HPCL Salary 2022

Working in the government sector is a dream come true especially when anyone gets employment from a PSU like Hindustan Petroleum Corporation. As the HPCL recruitment 2022 notification is released, candidates can refer to details regarding HPCL salary based on their grades given in the table below.

Salary Grade

Pay Scale (₹)

Cost to Company (CTC)

E2

50000-160000

16.26 lakhs

C

80000-220000

26.97 lakhs

D

90000-240000

31.42 lakhs

The CTC for HPCL engineers is calculated at the minimum base level of pay grade. The CTC is likely to vary as per the job location of the candidate.

HPCL Perks and Allowances

Once a candidate has successfully completed all stages of the HPCL selection process 2022, they will be paid according to a variety of components that make up the HPCL salary structure. Apart from receiving the regular salary, any candidate who qualifies for the recruitment exam will also be entitled to receive a lot of benefits.

The HPCL recruitment not only attracts a large number of candidates to apply for it, but also the salary, incentives, perks, and allowances offered by the corporation.

  • Retirement Benefits
  • Dearness Allowance
  • HRA 
  • Cafeteria Allowance Performance Related Pay (calculated at maximum) depends upon multiple factors and is payable as per the Corporation’s policy.

HPCL In-Hand Salary 2022

The HPCL salary ranges from INR 50,000-1,60,000 per month for an Engineer. The starting pay will be towards the lower end. However, for the first six months, the company would collect INR 5000 each month as a retention amount, which will be returned upon the candidate's confirmation after a year. In addition to the benefits, the initial in-hand salary will be INR 45,000 per month.

HPCL Salary FAQs

  • The annual salary of an HPCL Engineer is based on the 7th pay commission guidelines. The HPCL salary package of an Engineer is INR 15.17 lakhs per year for those candidates who are chosen for the job profile. 

  • The HPCL salary structure for an engineer is in the grade of E2. The pay scale for the HPCL engineers is between Rs 50000 and Rs 160000 while the cost to the company (CTC) is approximately Rs 15.17 lakh per annum.

  • Yes, all the selected candidates will be on probation for a period of 1 year from the date of joining. After the completion of the probation period, based on the performance of the candidate, the job is confirmed.

  • The following perks and allowances will be admissible to the HPCL employees:

    • Retirement Benefits
    • Dearness Allowance
    • HRA 
    • Cafeteria Allowance 
    • Performance Related Pay (calculated at maximum), which is dependent upon multiple factors and payable as per the Corporation’s policy
  • Engineers at HPCL are paid at the E2 grade level. The HPCL engineers' compensation ranges from Rs 50000 to Rs 160000, with an annual cost to the corporation (CTC) of about Rs 15.17 lakhs.

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