What is the CTC of ONGC?

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What is the CTC of ONGC?

At the E1 level, ONGC offers one of the top pay packages in terms of cost to company (CTC) – around INR 20.06 Lacs.

Which is better ONGC or IOC?

New Delhi: ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company. In comparison, IOC registered a net profit of Rs 17,274 crore for the fiscal year ended March 31, 2019.

Should I buy ONGC for long term?

ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.

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Is IOC a good buy for long term?

IOCL is also focused on fuel cells. All in all, looking at valuations, dividend yields, solid track record and an impeccable retail fuel network, IOC remains a good pick.

What is the salary of CTC in IOCL?

Cafeteria allowance – IOCL gives 35\% of basic pay as the cafeteria allowance. So per month it is around 21k and for one year it 2.52 lakhs. So your Gross salary is now about 12.66 lakhs per anum. But the CTC was 16.7 lakh so now see from where does this remaining 4.032 lakhs is calculated.

What are the different pay scales under ONGC limited?

These mentioned pay bands / categories are the 4 main pay scales under ONGC Limited. The entry level salary of the junior attendant under ONGC is Rs. 10, 000/- per month under W-I category. On the other the highest paid employee under ONGC is Executive Director who draws Rs. 80, 000/- per month and falls under the category E-9.

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What is the recruitment process at ONGC?

ONGC is a public sector unit of India. The process of recruitment and the salary structure is almost same in this company like other PSUs in India. Each candidate has to take out the form, fill it up, submit it and then sit for the exams.

How do I calculate CTC for a company?

To calculate a CTC the company always takes the maximum amount it may have to pay so that is 24\% of basic pay . For one month it is 14.4k and for one year it is 1.728 lakhs. DA – At the time of recruitment DA was 17\% of basic pay so per month it will be 10.2k and for an year it as 1.22 lakhs.