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Indian Navy Salary 2024 - Know In-hand Salary, Pay Scale Allowances, Perks

Indian Navy Salary 2024 - Know In-hand Salary, Pay Scale Allowances, Perks

Edited By Sneha Vinod | Updated on Jul 22, 2024 11:38 AM IST

Indian Navy provides the Indian Navy 2024 salary structure in the official notification. The Indian Navy 2024 salary per month is available at joinindiannavy.gov.in. Indian Navy employs candidates for two posts that are Indian Navy Officers, and Agniveers. Indian Navy has recently started recruiting temporary navy soldiers for 4 years as Aginveers. Aspirants who qualify for Indian Navy officer recruitment will be appointed to various higher rank posts as Indian Navy officers including Vice Admiral, Rear Admiral, Vice Admiral and equivalent, and Chief of Personnel and those who qualify for Agniveer recruitment exams will be appointed as Indian Navy Agniveer.

Indian Navy Salary 2024 - Know In-hand Salary, Pay Scale Allowances, Perks
Indian Navy Salary 2024 - Know In-hand Salary, Pay Scale Allowances, Perks

Indian Navy Officers are specially trained officers that are highly educated too. The starting pay scale of the Indian Navy officers is approximately Rs 56,000 which increases with promotion. Indian Navy Agniveer in-hand salary is Rs 21,000 per month with every year increment. To know more about benefits, travel, insurance, allowances and more of the Indian Navy pay scale 2024, read the full article detailed below.

Also Read:

Indian Navy Officers Salary 2024

The Indian Navy is a well-proportioned and varied force that operates under and above the surface of ocean streams. Indian Navy or Bhartiya Nausena is one of the prestigious and biggest navy forces in the world. Almost thousands of aspirants are willing to join the Indian Navy every year.

The Indian Navy officer post is one of the most harmonious jobs in the country for candidates to join. Many try to join it but only a few get selected due to a tough entrance process and eligibility criteria. Candidates looking to join must also know the rank-wise Indian Navy officer pay scale detailed below with allowance, benefits and more.

Rank-Wise Indian Navy Officers Pay Scale 2024

Rank

Pay Band

MSP

Level

Sub Lieutenant

Rs 56100-177500

15500

10

Lieutenant

Rs 61300-193900

15500

10B

Lieutenant Commander

Rs 69400-207200

15500

11

Commander

Rs 121200-212400

15500

12A

Captain

Rs 130600-215900

15500

13

Commodore

Rs 139600-217600

15500

13A

Rear Admiral

Rs 144200-218200

Nil

14

Vice-Admiral

Rs 182200-224100

Nil

15

Vice Admiral and Equivalent

Rs 205400-224400

Nil

16

DGAFMS

Rs 225000

Nil

17

VCNS/C-IN-C/Equivalent

Rs 225000

Nil

17

CNS/Equivalent

Rs 250000

Nil

18

Despite the salary of Indian Navy officers, it also provides insurance coverage to its serving officers with a very minimal monthly premium. The insurance sum assured for Indian Navy officers is Rs 50 lakh and for Pilot/NAO/Submariner is Rs 57 lakh. The officers are also given allowances, travel, pension after retirement and more benefits other than the Indian Navy pay scale.

Indian Navy Agniveer Salary 2024

Indian Navy Agniveer is a short-duration service offered to various aspirants who are willing to join Indian Navy. The Agniveer recruitment in the Indian Navy started in 2022 to hire various candidates for a short duration. However, those who perform better up to the specified period will be given permanent job roles in the Indian Navy. The salary of Indian Navy Agniveer 2024 is lucrative with full of benefits and other allowances.

Aspirants are paid with a customised Indian Navy Agniveer salary package of Rs 30,000 per month with a yearly increment once they get selected in the Indian Navy. The complete Indian Agniveer pay scale 2024 is given below in the table. Candidates must go through it carefully to know the in-hand salary of Indian Navy Agniveer 2023. However, Indian Navy salary may vary depending upon allowances, benefits and other perks.

Indian Navy Agniveer Salary 2024

Service Year

Customised Package (Monthly)

In-Hand Salary

Contribution to Agniveer Corpus Fund

Contribution to Agniveer Corpus Fund by the Government of India

1st year

Rs 30,000

Rs 21,000

Rs 9,000 per month

Rs 9,000 per month

2nd year

Rs 33,000

Rs 23,100

Rs 9,900 per month

Rs 9,900 per month

3rd year

Rs 36,500

Rs 25,550

Rs 10,950 per month

Rs 10,950 per month

4th year

Rs 40,000

Rs 28,000

Rs 12,000 per month

Rs 12,000 per month

Total in Agniveer Corpus Fund

Rs 5,02,000

Rs 5,02,000

After Exit of 4 years

Rs 10,04 lakhs as Seva Nidhi Package including 4 years interest is given to Agniveers during exit from the Indian Navy

Notes

  • Agniveers are not asked to contribute to any Provident Fund of the Government of India.

  • No gratuity and no pension are given to Agniveers by the Indian Government.

  • The Seva Nidhi Package is exempted from Income Tax.

If the performance of Agniveers is excellent, then they will be provided with an extension of 10 years to continue their service for the Indian Navy.

Frequently Asked Question (FAQs)

1. What are Indian Officers' salary benefits?

Despite Indian Navy officer salary, they are also given other allowances, travel benefits, retirement and more.

2. Do Indian officers receive house accommodation from the government?

Yes, Indian Navy officers are provided with house accommodation by the government if available and if not, they are given HRA (House-Rent Allowance).

3. How many times Indian Navy officers can travel with their families to avail of travel benefits other than pay scale?

Indian Navy officers can travel with their families by railways or airways to any place once a year to avail of travel concessions in the Indian Navy.

4. What is the starting in-hand salary of an Indian Navy Lieutenant post?

The Indian Lieutenant's in-hand salary is Rs 61,100 per month.

5. What is the total Seva Nidhi Package for Indian Navy Agniveers after 4 years exit?

The Indian Navy Agniveer Seva Nidhi Package is Rs 10,04,000 including all 4 years of interest without income tax deduction.

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