What is the in-hand salary at PSU through the GATE?

PGCIL, NTPC & ONGC has salary structure of about Rs. 60,000-1,80,000.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

The salary of a Maharatna PSU such as Powergrid Corporation of India Limited, Indian Oil Corporation Ltd. , Oil and Natural Gas Corporation, Bharat Petroleum Corporation Ltd. , Hindustan Petroleum Corporation Limited, National Thermal Power Corporation Limited, etc. Salary for a fresh Engineer: Basic Salary: INR 60,000 per month DA (Dearness allowance): INR 11,000 (18.4 percent of basic at present, and it depends on consumer price index inflation) Perks: INR 21,000 per month (35 percent of basic) House Rent Allowance (HRA): INR14,000 per month (depending on the City, City Y, City Z) Fuel Allowance: INR 7,000 per month (depends on the market petrol prices) Total Gross: INR 1,13,000 per month (Salary except you have to pay taxes) Now you have to contribute some compulsory money to your Provident Fund (PF) and pension accounts. Provident Fund contribution: INR 7,000 (the same amount is contributed by the company as well, you can withdraw all this money for your marriage, child education, house purchase, and for medical emergency) Pension contribution: INR 2,000 (company contributes double, you will get all this money as a pension) Income Tax: INR 14,000 approximately. Miscellaneous Deductions: INR 2,000 (death of colleague contribution, food at the office, etc. ) In-hand salary: INR 88,000 per month. Hence, INR 88,000 per month will get credited to your account as a fresher in a maharatna Public Sector Undertaking. There are some other benefits as well you get: Annually you will get PRP (performance-related pay) in your account. This increases your rank in the organisation. For example at the Manager level, it is around INR 4.5 Lacs per year. Performance-related pay: INR 2 Lacs per year as a fresher. Mobile phone: INR 20,000 every two years. Laptop: INR 85,000 every five years. Uniform allowance: INR 36,000 per year. Mobile and internet bill: INR 12,000 per year. Unlimited Medical reimbursement for all family members. Hence, your Cost To Company comes out to be INR 18 Lacs Per Annum (approximately) for a fresher in a Public Sector Undertaking.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

If you pass PSU exam through GATE, then you will receive money at staring level that is between 5 Lacs to 14 Lacs but after 10 years of experience, your salary will vary between 20 Lacs to 50 Lacs depending on your post.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

The Entry-level salary in the PSU Through GATE is ranging between 5 Lacs to 14 Lacs it varies with the respective PSU's guidelines and can go up to a range between Rs. 7,00,000 to Rs. 18,00,000.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment