Indian PSU Companies Salary For Freshers In 2016-2017

Indian PSU Companies Salary For Freshers

Hi Guys, You can get all top Indian PSU companies which pay top salary to freshers.

This is approximate pay scale for fresher’s which are offered.
PSU-jobs

 

This page contains information related to salary structure of various PSUs for different positions(Management Trainee (MT), Graduate Apprentice Engineers(GAE),Engineers  Executive Trainees (EET),Graduate Trainee (GT),Engineer Trainees (ET)Graduate Engineers (GE),Executive Trainees (ET),Technical Officer (C),Trainee Engineers) in India.

 

Try to understand your salary Calculation and know some truth about PSU companies

  1. Take home salaries are different from the package or cost to company salary definitions.
  2. PSU’s are not for brain stormer or proving one’s cally. It is a place of team work, team responsibility and having average salary.
  3. PSU’s are classified into Maharatna, Navratna, Miniratna based on their financial profibitality.
  4. Mid level entries are difficult and quite less at PSU’s. So you have to try for entry level only(through competition exams and vacancy declared)
  5. Salary at PSU have Basic Pay+ DA+ Perks+HRA/Quarter accommodation+Medical facilities+CPF(Company pay equal amount to your contribution to PF fund)+Gratuity+Yearly PRP(Bonus) depending on performance of company,unit and your gradings.
  6. Current industrial DA is around 91%(it varies companies to companies).
  7. Perks will be around 46 % of basic pay (it varies companies to companies)..
  8. Company owned accommodation is provided wherever
    townships are located. Type of quarter depends upon the
    grade and seniority. Employees who reside in own house
    may avail self-lease facility within prescribed rental ceilings.
    Monthly recovery is made for company owned and leased
    accommodation, which depends upon the carpet area and the
    Employees who stay in rented accommodation are
    paid HRA as per classification of city as notified by
    Government :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.Hope you to calculate accordingly and take decision.

Explanation 1 of salary for fresher:

Suppose anybody joined  as Deputy Engineer in the payscale of 16400-500-40500. Say for example employee X joined in BE as E-II . How much he can expect salary per month?
Let me explain. 16400 is your basic pay. You will additionally get DA and HRA along with Basic pay each month. Approximately you will get near 35+ according to today’s rate of DA and HRA(depends on branch location). Other than this, you will be getting LTA(Leave travel allowance) of ~20k, PDA(Professional Development Allowance) of ~20k once in a year. There is one more thing called PRP(Performance Related Pay) for which you are eligible to get ~80k based on your performance ratings, but generally people in E-II grade get very less. Nearly 20k around as of last year.

All in all, CTC on paper will be around 5.5L per annum out of which you can get direct benefit of nearly 5L per annum.

500 is the increment you will get in your basic pay at the end of each year upto three years after 6 months of probationary period. After 3 years and 6 months you will be promoted as Senior engineer, only when your pay scale will increase. I think this information will help to calculate you monthly salary.

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Explanation 2 of salary for fresher:
Suppose X employee is in Y company and his Basic is 9300. There is another component in salary of government  jobs which is called Dearness Allowance or D.A. which is typically 120% of Basic( varies from 80 to 120 companies to companies  so 120% of 9300 = 11160.
so, total = 9300 + 11160 = 20460, this is gross salary per month.
Take home salary should be gross – employee’s provident fund contribution – income tax – professional tax
EPF is usually 12.5% of Basic.
Again roughly take home salary = 19000.
Grade pay means if you get promoted to the next grade / band / role / position, your basic will be increased by Rs 4600, so the new basic will become 13900. DA will again be 120% of this, so in effect gross salary will increase by corresponding amount.
34800 is the highest basic salary level for this job.
In government jobs, usually Basic does not increase every year, the DA increases/ decreases every quarter along with the inflation rate. So, the Basic and in effect Gross salary gets increased considerably only when people get promotion, say every 4/5 years. I hope, it’s somewhat clearer now.

Explanation 3 of salary for fresher:

Employee  Pay Band is :  5200-20200, Grade Pay 2800.

The government employees salary contains various component viz
a) Basic Pay
b) Grade Pay
c) Dearness Allowance
d) House Rent Allowance
e) LTA
f) Perquisites etc.

a) BASIC PAY
In your question the pay band would be 5200-3%-20200 and grade pay is 2800. This symbolizes the following:
5200 denotes: The initial basic pay which you will receive as soon as u join the govt department .
3% denotes: The amount of hike that you will receive to meet the inflation every year i.e. you will get a salary hike of 3% every year in the same cadre/designation.
20200 denotes : The highest basic you can get in the same cadre/designation would be 20200/-. However before reaching 20200/- you ll be promoted to next cadre/ rank having salary slab like 6400-3%-26200.

b) GRADE PAY
Grade pay is amount paid in excess of basic pay to meet the inflation i.e. Rs 2800/-.

c) DEARNESS ALLOWANCE
The dearness allowance is the fixed percentage of pay on basic+grade pay fixed by govt at every interval. In case of PSU DA is revised after every three months and in case of state govt and central govt employees, it is revised once in six months. Current DA for central govt employees is 119% of the basic + GP.

d) HOUSE RENT ALLOWANCE
The payment of HRA varies from govt org/department to department. Further the HRA rate also varies from place to place. There are 3 percentage of HRA based on the population and price index of particular area. In metropolitan cities the HRA is 30% of the Basic +GP, however in part B Cities it is 15% and remaining area it is 10%. It is not out of place to mention that if you are provided with government quarter, then HRA will not be paid. You need to confirm it from your HR.

The net pay of the person in the same organisation in the same cadre may varies due to difference in payment of HRA, perquisites etc. Suppose if you are posted in remote area , you may get some remote area allowance which the other person may not get. It all depends on the department /organisation policies.

The minimum pay you ll receive if you join in the aforesaid mentioned grade pay will be (5200+2800*2.19)= 17520/- (Only basic + GP+DA).

For rest details like perquisites, other allowances you need to contact your HR.
I hope that this  information provided by me is useful for you guys.
7th Pay commission will be effective from 1 January 2016, How your salary will get impacted:

Salary will hike by 30-40%. Because in 7th pay revision , your basic will be doubled by merging your DA in basic, but then DA come down to 0%. So then this basic pay will only increase your perks and that will be reflected in your salary.
For Example : In basic of 24900/- the gross salary of employee is 55k to 60k (depends on perks of that organization).
But after 7th pay revision this same basic will be doubled(approx). Then salary will be calculated as follows.
(24900*2)(basic)+0(DA)+24900*2*45%(45% perks) = 75k (approx).
So this new salary is around 30% more of old salary.

 

Pay Scale of Rs. X(minimum starting basic ) – Y(maximum ending basic) Per month for Freshers( Approximate starting salary you will get is 2.2 time X per month)

 

  1. Bharat Heavy Electricals Limited Fresher Salary – 20,600 – 46,500
  2. Bharat Petroleum Corporation Limited(BPCL) Fresher Salary – 23,000 – 46,500
  3. Coal India Limited (CIL) Fresher Salary – 16,400 – 40,500
  4. Indian Oil Corporation (IOCL) Fresher Salary –  24900-50500
  5. National Thermal Power Corporation (NTPC) Fresher Salary- 24900-50500
  6. Oil and Natural Gas Corporation Ltd. (ONGC) Fresher Salary  24900-50500
  7. Hindustan Petroleum Corporation Limited (HPCL) Fresher Salary  24900-50500
  8. Gas Authority of India Ltd. (GAIL) Fresher Salary  24900-50500
  9. National Aluminium Company Ltd. (NALCO) Fresher Salary  16,400 – 40,500
  10. Bharat Electronics Limited (BEL) Fresher Salary  16,400 – 40,500
  11. Hindustan Aeronautics Limited (HAL) Fresher Salary  16,400 – 40,500
  12. National Fertilizes Limited (NFL) Fresher Salary  16,400 – 40,500
  13. Mazagon Dock Limited (MDL) Fresher Salary  16,400 – 40,500
  14. PowerGrid Corporation of India (PGCIL) Fresher Salary  Awaited
  15. Steel authority of india (SAIL) Fresher Salary  20,600 – 46,500
  16. Mineral Exploration Corporation Ltd (MECL)Fresher Salary  16,400-40,500
  17. Visakhapatnam Steel Plant (VIZAG) Fresher Salary  Awaited
  18. Central Electronics Limited (CEL) Fresher Salary  16,400 – 46,500
  19. Rail India Technical and Economic Service Limited (RITES) Fresher Salary  20,600 – 46,500
  20. Rail India Technical and Economic Service Limited (RITES) Fresher Salary  37,400-67,000
  21. Indian Space Research Organisation (ISRO) Fresher Salary  15600-39100 with grade pay of Rs 5400
  22. Projects & development India Limited (PDIL) Fresher Salary  37000
  23. Rail India Technical and Economic Service Limited (RITES) Fresher Salary  24,900 – 50,500
  24. Container Corporation of India Limited(CCIL) Fresher Salary  Gross Total – 31000
  25. Engineers India Limited(EIL) Fresher Salary  20,600-46500
  26. National Buildings Construction Corporation Limited(NBCC) Fresher Salary  Awaited
  27. NMDC Limited Fresher Salary  Awaited
  28. Neyveli Lignite Fresher Salary  20,600-46,500
  29. Corporation Limited Fresher Salary  Awaited
  30. Oil India Limited Fresher Salary  Awaited
  31. Power Finance Corporation Limited Fresher Salary  24,900-50,500
  32. Rashtriya Ispat Nigam Limited Fresher Salary  Awaited
  33. Rural Electrification Corporation Limited Fresher Salary  20500-26500
  34. Shipping Corporation of India Limited Fresher Salary  20,600-46500
  35. Airports Authority of India Fresher Salary   Awaited
  36. Antrix Corporation Limited Fresher Salary  Awaited
  37. Balmer Lawrie & Co. Limited Fresher Salary  Awaited
  38. Bharat Coking Coal Limited Fresher Salary   Awaited
  39. Bharat Dynamics Limited Fresher Salary   Awaited
  40. BEML Limited Fresher Salary    Awaited
  41. Bharat Sanchar Nigam Limited Fresher Salary    16,400-40,500
  42. Bridge & Roof Company (India) Limited Fresher Salary  Awaited
  43. Central Warehousing Corporation Central Coalfields Limited Fresher Salary    Awaited
  44. Chennai Petroleum Corporation Limited Fresher Salary    Awaited
  45. Cochin Shipyard Limited Fresher Salary    Awaited
  46. Dredging Corporation of India Limited Fresher Salary    Awaited
  47. Kamarajar Port Limited Fresher Salary  Awaited
  48. Garden Reach Shipbuilders & Engineers Limited Fresher Salary    Awaited
  49. Goa Shipyard Limited Fresher Salary    Awaited
  50. Hindustan Copper Limited Fresher Salary    Awaited
  51. HLL Lifecare Limited Fresher Salary    Awaited
  52. Hindustan Newsprint Limited Fresher Salary    Awaited
  53. Hindustan Paper Corporation Limited Fresher Salary  Awaited
  54. Housing & Urban Development Corporation Limited Fresher Salary    Awaited
  55. India Tourism Development Corporation Limited Fresher Salary    Awaited
  56. Indian Rare Earths Limited Fresher Salary    Awaited
  57. Indian Railway Catering & Tourism Corporation Limited Fresher Salary    Awaited
  58. IRCON International Limited KIOCL Limited Fresher Salary    Awaited
  59. Mazagaon Dock Limited Mahanadi Coalfields Limited Fresher Salary   16,400-40,500
  60. Manganese Ore (India) Limited Fresher Salary    Awaited
  61. Mangalore Refinery & Petrochemical Limited Fresher Salary    Awaited
  62. Mishra Dhatu Nigam Limited Fresher Salary    Awaited
  63. MMTC Limited Fresher Salary    Awaited
  64. MSTC Limited Fresher Salary    Awaited
  65. National Fertilizers Limited Fresher Salary    Awaited
  66. National Seeds Corporation Limited Fresher Salary  Awaited
  67. NHPC Limited Fresher Salary
  68. Northern Coalfields Limited Fresher Salary    Awaited
  69. North Eastern Electric Power Corporation Limited Fresher Salary
  70. Numaligarh Refinery Limited Fresher Salary   Awaited
  71. ONGC Videsh Limited Fresher Salary   Awaited
  72. Pawan Hans Helicopters Limited Fresher Salary    Awaited
  73. Projects & Development India Limited Fresher Salary   Awaited
  74. Railtel Corporation of India Limited Fresher Salary    Awaited
  75. Rail Vikas Nigam Limited Fresher Salary    Awaited
  76. Rashtriya Chemicals & Fertilizers Limited Fresher Salary    Awaited
  77. RITES Limited Fresher Salary    16,400-40,500
  78. SJVN Limited Fresher Salary    Awaited
  79. Security Printing and Minting Corporation of India Limited Fresher Salary    Awaited
  80. South Eastern Coalfields Limited Fresher Salary  Awaited
  81. State Trading Corporation of India Limited Fresher Salary    Awaited
  82. Telecommunications Consultants India Limited Fresher Salary   Awaited
  83. THDC India Limited Fresher Salary    Awaited
  84. Western Coalfields Limited WAPCOS Limited Fresher Salary    Awaited
  85. Bharat Pumps & Compressors Limited Fresher Salary  Awaited
  86. Broadcast Engineering Consultants (I) Limited Fresher Salary    Awaited
  87. Central Mine Planning & Design Institute Limited Fresher Salary  Awaited
  88. Central Railside Warehouse Company Limited Fresher Salary   Awaited
  89. CIL (India) Limited Fresher Salary    Awaited
  90. Engineering Projects (India) Limited Fresher Salary    Awaited
  91. FCI Aravali Gypsum & Minerals India Limited Fresher Salary    Awaited
  92. Ferro Scrap Nigam Limited Fresher Salary    Awaited
  93. HMT (International) Limited Fresher Salary    Awaited
  94. HSCC (India) Limited Fresher Salary    Awaited
  95. India Trade Promotion Organisation Indian Medicines & Pharmaceuticals Corporation Limited Fresher Salary    Awaited
  96. M E C O N Limited Fresher Salary    Awaited
  97. Mineral Exploration Corporation Limited Fresher Salary    16,400-40,500
  98. National Film Development Corporation Limited Fresher Salary    Awaited
  99. National Small Industries Corporation Limited  Fresher Salary    Awaited
  100. National Aluminum Company Limited (NALCO) Fresher Salary   16,400-40,500
  101. Bharat Earth Movers Limited (BEML Limited ) Fresher Salary   16,400-40,500
  102. Mazagaon Docks Limited Fresher Salary   16,400-40,500
  103. National Hydroelectric Power Corporation(NHPC) Limited Fresher Salary   20,600-46500
  104. Airport Authority Of India Limited (AAI) Fresher Salary   16,400-40,500
  105. Defense Research & Development Organization (DRDO) Fresher Salary   15,600-39,100
  106. Bhabha Atomic Research Centre (BARC) Fresher Salary   15,600-39,100
  107. Electronics Corporation of India Limited (ECIL) Fresher Salary   16,400-40,500
  108. Delhi Metro Rail Corporation (DMRC) Fresher Salary   20,600-46500
  109. Mahanagar Telephone Nigam Limited (MTNL) Fresher Salary   24,900-50,500
  110. National Productivity Council(NPC) Fresher Salary   15,600-39,100 Grade Pay 5400
  111. Indian Railways Fresher Salary  9.300-34,800 Grade pay 4200
  112. Bank Note Paper Mill India Private Limited (BNPM) Fresher Salary  9.300-34,800 Grade pay 4200
  113. Staff Selection Commission Fresher Salary  300-34,800 Grade pay 4200
  114. Engineering Services Examination(UPSE-ESE) Fresher Salary  15,600-39,100 Grade pay 5400
  115. Vishakhapatnam Steel Plant(VIZAG) Fresher Salary  20,600-46,500

 

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