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ONGC AEE Salary 2024 – The Oil and Natural Gas Corporation (ONGC) is a leading player in the energy sector and offers a wide range of career opportunities.
Among its most sought-after positions are the Assistant Executive Engineer (AEE) roles.
In this article, we will dive into the intricacies of the ONGC AEE salary structure, covering everything from basic pay components to additional allowances, benefits, deductions, and how it compares with other positions in the public and private sectors.
Contents
1. ONGC Company Details
- Name of Organization: Oil and Natural Gas Corporation Limited (ONGC)
- Type: Public Sector Undertaking
- Website: http://ongcindia.com/
2. ONGC AEE Salary
ONGC AEE Salary in Hand & Pay Scale
- Name of Post: Assistant Executive Engineer (AEE)
- Salary: Rs. 1,17,480 /-
- CTC: Rs. 19.00 Lakhs (approx)
1.1 ONGC Assistant Executive Engineer (AEE) Salary
| Salary Component | Amount (₹) |
|---|---|
| Pay Scale | 60,000 – 1,80,000 |
| Basic Pay | 60,000 |
| DA (Dearness Allowances) | 5,280 |
| EPF (Employer Contribution) | 7,200 |
| Perks | 21,000 |
| PRP | 24,000 |
| Total Gross Salary | 1,17,480 |
1.2 ONGC Assistant Executive Engineer (AEE) Salary Slip
1.3 ONGC Engineer Promotion & Pay Scale
| Designation | Level | Pay Scale (₹) |
|---|---|---|
| Assistant Officer / Assistant Engineer / Personal Secretary | E-0 | 50,000 – 1,60,000 |
| Officer / Assistant Executive Engineer / Geophysicist / Geologist / Chemist | E-1 | 60,000 – 1,80,000 |
| Senior Officer / Assistant Executive Engineer / Senior Geologist / Senior Chemist | E-2 | 70,000 – 2,00,000 |
| Deputy Manager / Deputy Superintending Geophysicist / Deputy Superintending Geologist / Deputy Superintending Chemist / Deputy Superintending Engineer | E-3 | 80,000 – 2,20,000 |
| Manager / Superintending / Geophysicist/ Superintending Geologist / Superintending Chemist / Superintending Engineer | E-4 | 90,000 – 2,40,000 |
| Chief Manager / Chief Geophysicist / Chief Geologist / Chief Chemist / Chief Engineer | E-5 | 1,00,000 – 2,60,000 |
| Deputy General Manager | E-6 | 1,20,000 – 2,80,000 |
| General Manager | E-7 | 1,20,000 – 2,80,000 |
| Group General Manager | E-8 | 1,20,000 – 2,80,000 |
| Executive Director | E-9 | 1,50,000 – 3,00,000 |
3. ONGC AEE Salary Structure
Now, let’s explore the various components of the ONGC AEE salary structure:
3.1 Basic Salary Components
- Basic Pay: This is the core of an employee’s salary and serves as the foundation for other allowances and benefits. The exact amount varies based on the pay scale and grade of the AEE.
- Dearness Allowance (DA): DA is provided to help employees cope with inflation. It’s a variable component that is revised periodically to align with the cost of living.
- House Rent Allowance (HRA): HRA is based on the location of the employee’s posting. It is designed to assist with housing expenses and can vary significantly.
3.2 Additional Allowances and Perks
- Conveyance Allowance: This allowance helps cover transportation costs incurred while commuting to and from work.
- Medical Allowance: ONGC provides medical allowances to its employees to help with healthcare expenses.
- Special Allowances: Depending on the nature of the job, employees may receive special allowances, such as offshore allowances for those working on offshore platforms.It’s important to note that these allowances can vary based on job roles and locations. For example, employees posted in remote or challenging terrains may receive additional allowances to compensate for the adverse working conditions.
3.3 Performance-linked Incentives and Bonuses
- Performance Bonus: ONGC has a performance-based bonus system where employees can earn bonuses based on their individual and team performance.
- Employee Stock Options (ESOPs): In some cases, ONGC may offer ESOPs, allowing employees to purchase company shares at a discounted rate, thus sharing in the company’s success.The availability and extent of these incentives can vary, and not all employees may be eligible.
3.4 Benefits and Facilities
- Retirement Benefits: ONGC provides comprehensive retirement benefits, including Provident Fund (PF), Gratuity, and a Pension Scheme.
- Insurance Coverage: Employees and their dependents receive medical insurance coverage, ensuring their well-being in case of health-related issues.
- Housing Facilities: ONGC offers accommodation facilities to its employees in various locations, reducing the housing burden.These benefits contribute significantly to the overall compensation package and financial security of ONGC AEEs.
3.5 Deductions and Taxation
While ONGC AEEs enjoy a competitive salary package, there are certain deductions to be aware of:
- Provident Fund (PF) Deductions: Employees are required to contribute to their Provident Fund, which is a long-term savings account for retirement.
- Income Tax Implications: ONGC AEEs are subject to income tax, and the amount deducted depends on their total taxable income. However, there are strategies to optimize tax liability, such as investing in tax-saving instruments.It’s advisable for employees to consult with financial experts or tax professionals for personalized guidance.
3.6 ONGC AEE Salary in Different Locations
The location of an ONGC AEE’s posting can significantly impact their salary components, particularly the House Rent Allowance (HRA). ONGC typically has a classification of cities into high-cost and low-cost areas, and the HRA percentage varies accordingly.
Here’s a simplified breakdown:
| Location Type | HRA Percentage |
|---|---|
| High-Cost | Higher HRA |
| Low-Cost | Lower HRA |
It’s essential for employees to understand the HRA implications based on their posting location.
3.7 Perks and Benefits Beyond Salary
While salary is a crucial aspect of compensation, ONGC offers a range of additional perks and benefits that contribute to a well-rounded work experience:
- Employee Welfare Programs: ONGC invests in employee well-being through initiatives like employee clubs, sports facilities, and cultural events.
- Opportunities for Skill Development and Training: ONGC encourages employees to enhance their skills through training programs, workshops, and higher education support.
- Work-Life Balance and Job Security: The company emphasizes work-life balance and job security, providing employees with peace of mind.These factors make ONGC an appealing employer beyond just the salary package.
4. ONGC AEE Facilities & Allowances
ONGC AEE will not only get handsome salary but also get good amount of facilities & allowances.
Which will also provided to newly recruited executives of the company as given below :
- Location Allowances
- Mining Allowances
- Performance related pay
- Telephone/Mobile facility
- Medical Facility for self & dependents
- Conveyance Maintenance
- Post-retirement benefit scheme
- Composite Social Security Scheme as per Company rules
5. ONGC AEE Job Responsibilities
| Disciplines | Job Roles & Responsibilities |
|---|---|
| Civil Engineer | To develop strategies for planning and building for both the public and private sectors. |
| Production Engineer | In order to analyze the performance of the department, such as the manufacturing process, design, and many more. |
| Mechanical Engineer | To complete the plan and fix mechanical issues, to test, manufacture, and develop machines, engines, etc. of all kinds. |
| Instrumentation Engineer | Assist the project group with technical support and prepare technical documentation for instrumentation and systems requirements. |
| Electrical Engineer | The building and other facilities need to be maintained efficiently in terms of electrical requirements. |
| Drilling Engineer | In order to maintain and monitor the drilling program and the progress of the project. |
6. ONGC AEE Posting Locations
- Dehradun (Headquarter)
- New Delhi
- Jodhpur
- Bokaro
- Nazira
- Jorhat
- Silchar
- Agartala
- Kolkata
- Bhubaneswar
- Mehsana
- Ahmedabad
- Vadodara
- Hazira
- Mumbai
- Navi Mumbai
- Kakinada
- Rajahmundry
- Chennai
- Karaikal
7. Employee Testimonials
To gain real insights into the financial stability and career prospects of ONGC AEEs, let’s hear from some actual employees:
Testimonial 1 – Akshay Sharma (AEE, E2 Grade)
“I’ve been with ONGC for five years now, and I can confidently say that it offers one of the best compensation packages in the industry.
The salary is competitive, and the additional benefits like medical insurance and PF are reassuring for the future.
The performance bonuses are a nice touch, motivating us to excel in our roles.”
Testimonial 2 – Ritu Singh (AEE, E1 Grade)
“As a fresher, joining ONGC was a dream come true. The salary for entry-level AEEs is impressive, and the housing facilities provided are a huge relief, especially in cities with high living costs
. The company’s commitment to employee welfare and training opportunities further enhances the overall package.”
8. Conclusion
In conclusion, the ONGC AEE salary structure is not only competitive but also complemented by a range of benefits and incentives.
As one of India’s leading public sector enterprises, ONGC offers financial stability, career growth opportunities, and a positive work environment.
Understanding the intricacies of the salary package is crucial for aspiring candidates and current employees to make informed decisions and optimize their financial well-being.
Whether you’re a fresher looking to start your career or an experienced professional seeking a stable and rewarding job, ONGC’s AEE positions present an enticing proposition in the energy sector.
9. ONGC AEE Salary FAQs
How much does an ONGC AEE earn?
An ONGC AEE earns a basic pay of INR 60,000 – 1,80,000 along with other allowances.
What would be ONGC AEE salary after 7th pay commission?
ONGC AEE salary in hand after 7th pay commission would be approx Rs. 1,10,000/-.
What are the allowances that ONGC AEE receives?
The various allowances that ONGC AEE receives are: Dearness Allowance, House Rent Allowance, Travel Allowance, Pension, Medical Facilities, Provident Fund.
What are the different levels of AEEs in ONGC?
The different levels of AEE are: Senior Officer, Deputy Manager, Manager, Chief Manager, Deputy General Manager, General Manager, Group General Manager and Executive Director.
Are jobs provided by ONGC permanent jobs?
The new employee must successfully complete the probationary period of 2 years and after that the job is permanent.
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